2024 Chestnut Avenue
$1,350,000
12
5
3,692
3,692
$366
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...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.
- Listed by Anthony Walker • DRE #01908153 • Brokerage DRE #01914434 • Buckingham Investments, Inc • 310-867-1183
- Listed by Josh Ess • DRE #02035659 • Brokerage DRE #01914434 • Buckingham Investments, Inc
Property Details for 2024 Chestnut Avenue
Architectural Style
Mediterranean
ViewNone
Parking Spaces Total4
Private PoolNo
Cooling TypeN/K
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
LISTING UPDATED: 12/12/2024 07:48 AM
Property Details for 2024 Chestnut Avenue
Status | Active |
---|---|
MLS # | SB24215716 |
Days on Market | 39 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1928 |
County | Los Angeles County |
Building Information for 2024 Chestnut Avenue
Building/Complex2024 Chestnut AveFloor-Stories2Residences-Pet Policy-Year Built1928Building Size-
Property Information for 2024 Chestnut Avenue
Property History for 2024 Chestnut Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2024 Chestnut Avenue
Taxable ValueLand$624,240Additions$728,860Total$1,353,100
Tax Record2024$17,720 ($1,477 / month)
Home Facts
Total Finished SqFt3,692 SqFtAbove Grade Finished SqFt3,692 SqFtLot Size6,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLBR2NCountyLOS ANGELESAPN7209-025-009
Schools near 2024 Chestnut Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lafayette Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Educational Partnership High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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