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.

Based on information submitted to CRMLS as of December 3, 2024 7:23 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Name

Your Email Address

Phone

Message Send me the deed for 2024 Chestnut Avenue Long Beach CA 90806 (ID#:SB24215716)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 2024 Chestnut Avenue Long Beach CA 90806 (ID#:SB24215716)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 2024 Chestnut Avenue Long Beach CA 90806 (ID#:SB24215716)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details of 2024 Chestnut Avenue

Property Details

Property Details

Basic Information

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Map Location

Driving Directions

Bridge Multifamily Team

Listing Tools

Hi there! How can we help you?

Property Details of 2024 Chestnut Avenue

Property Details

Property Details

Basic Information

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Map Location

Driving Directions

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Bridge Multifamily Team