2024 Chestnut Avenue, Long Beach, CA 90806 (MLS # SB24215716)

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PRICE $1,399,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 3,692 sqft
LOT SIZE 6,399 sqft

Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street.The property is priced to sell at 11.26 GRM and a current cap rate of 5.4%. There is approximately 7% upside in income to a market cap rate of 6.1%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.

DAYS ON MARKET 13 LAST UPDATED 10/18/2024
TRACT Wrigley Area (WR) YEAR BUILT 1928
COMMUNITY Wrigley Area GARAGE SPACES 4.0
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Gas Oven, Gas Range
AREA Wrigley Area
GARAGE Garage Faces Rear, Yes
HEAT Wall Furnace
HOA DUES 0
INTERIOR Laminate Counters, Quartz Counters
LOT 6399 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
PARKING Garage Faces Rear
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Mediterranean
SUBDIVISION Wrigley Area (WR)
UTILITIES Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: 220 Volts
VIEW DESCRIPTION None
WATER Public
ZONING LBR2N
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Buckingham Investments, Inc

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 4:24 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2024.

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