2024 Chestnut Avenue
Long Beach, CA 90806
$49,000.00 (-3.5%)
Active for $1,350,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 6,399 sqft
| MLS | SB24215716 |
| Year Built | 1928 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $1,350,000 |
| Structure Size | N/A sqft |
| Lot Size | 6,399 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Anthony Walker, Buckingham Investments, Inc 310 982-7055. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Jon Javier Otworth
REALTOR®
Direct: 818.564.5062
Email: Email Me
DRE: 01491726
DRE #01873088
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