Long Beach, CA 90806,2175 Chestnut
Long Beach, CA 90806,2175 Chestnut
Long Beach, CA 90806,2175 Chestnut
Long Beach, CA 90806,2175 Chestnut
Long Beach, CA 90806,2175 Chestnut
Long Beach, CA 90806,2175 Chestnut
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$ 2,600,000
Est. payment | /mo

6,534 Sqft Lot


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$ 2,600,000
Est. payment | /mo
Save

6,534 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision South Wrigley

MLS Listing ID PW25248922

HOA Y/N No

Year Built 1929

Lot Size 6,534 Sqft

Property Sub-Type Apartment

Property Description

We are pleased to present 2175 Chestnut Avenue, located in Long Beach, California. This 2-story, 14-unit multifamily building was originally built in 1929 and represents an excellent value-add opportunity in the desirable South Wrigley neighborhood of Long Beach. The total building area is approximately 8,154 square feet, situated on a 6,470 square-foot parcel. The unit mix consists of fourteen (14) large studio units averaging ±585 square feet each. The property features new electric sub-panels and is separately metered for gas and electricity, helping to keep operating expenses low. There are also four parking spaces in the rear, which can generate additional income.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Biking, Curbs, Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7205026015

Energy Description 3674.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Kevin King Marcus & Millichap kking@marcusmillichap.com
Nick Resendez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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2175 Chestnut