Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

Just reduced! 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 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. 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.

Features
: Wall Furnace
2
1
: Community
0
: Suburban
: Mediterranean
Additional Information
Buckingham Investments, Inc
0
SBWALKANT
SB1301700
Anthony
7209025009
: Standard
4
Two
35

Multi-Family For Sale

2024 Chestnut Avenue, Long Beach, California 90806

3,692 Sqft
$1,350,000
Listing ID #SB24215716
Basic Details
Status : Active
DaysOnMarket : 34
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB24215716
Price : $1,350,000
Living Area : 3,692 Sqft
Lot Size : 6,399 Sqft
Year Built : 1928
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90806
Price Per Square Foot : $366
Subdivision : Wrigley Area (WR)
ModificationTimestamp : 2024-11-21 16:10:30
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent