CA > Long Beach > Wrigley Area (Wr)
Long Beach, CA 90806,2024 Chestnut AVE
Long Beach, CA 90806,2024 Chestnut AVE
Long Beach, CA 90806,2024 Chestnut AVE
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$1,399,000
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6,398 Sqft Lot
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2024 Chestnut AVE Long Beach, CA 90806

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

10/18/2024 11:27 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB24215716

HOA Y/N No

Year Built 1928

Lot Size 6,398 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Rooms

Ensuite Laundry Common Area

Interior

Interior Features Laminate Counters, Quartz Counters

Laundry Location Common Area

Heating Wall Furnace

Cooling None

Flooring Carpet, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Common Area

Exterior

Garage Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat,Tile

Accessibility None

Parking Type Garage Faces Rear

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mediterranean

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7209025009

Energy Description 1383.0

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Anthony Walker • Buckingham Investments, Inc • 310-867-1183

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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2024 Chestnut AVE

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