2024 Chestnut Avenue, Long Beach, CA 90806
Property · 2 recorded sales since 2012
Sold April 2025
Listing Agent: Anthony Walker (DRE #01908153) · Listing Office: Buckingham Investments, Inc · Contact: 310-561-4776 · Bought with: Marc Habib · Buckingham Investments, Inc · MLS #SB24215716 · Source: CRMLS
About this property
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 description from the April 2025 sale, as reported to CRMLS.
Sale history
