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Apartment For Sale
2024 Chestnut Avenue
Long Beach, California 90806
Los Angeles CountyCommunity: Wrigley Area (WR)
$1,350,000
12 br, 5.0 bath
3692 sq. ft.
0.147 acres
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.
Interior:
- Bedrooms: 12
- Baths: 5.0
- Sq Ft: 3692
- Year Built: 1928
- Utilities:
- Fireplaces:
- Stories: 2
- Heat/AC:
- Garage: Garage
Exterior:
- Lot Size: 0.147 acre
- Lot Dimensions:
- View Types: None
- Yard:
- Siding:
- Roof: Flat, Tile
- MLS #: SB24215716
Contact Information:
Listing Agent: Anthony Walker, Buckingham Investments, Inc., 310-561-4776, 310-982-7055
Listing Site, Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5479018
Viewed 27 times.
Updated: Nov 21, 2024
