2224 Chestnut Avenue

Long Beach, CA 90806

$1,525,000
Price
8
Beds
4
Baths
5,585 Sq. Ft.
$273 / Sq. Ft.
5,585
Sq. Ft.
$273
per Sq. Ft.

Description

Wonderful opportunity to own a beautiful Spanish style 4-plex in the heart of Wrigley. Four 2 bedroom 1 bath units with 4 garages and each unit offers 1300 sf of living space and individual laundry hook ups. The building has many recent upgrades including new Milgard double-paned windows installed in 2008, updated electrical and exterior LED lights, newer rear fencing. NEW TPO 40 year roof was installed in 2017 and the landscaping was just refreshed this month. Wall heaters in upstairs units and...Wonderful opportunity to own a beautiful Spanish style 4-plex in the heart of Wrigley. Four 2 bedroom 1 bath units with 4 garages and each unit offers 1300 sf of living space and individual laundry hook ups. The building has many recent upgrades including new Milgard double-paned windows installed in 2008, updated electrical and exterior LED lights, newer rear fencing. NEW TPO 40 year roof was installed in 2017 and the landscaping was just refreshed this month. Wall heaters in upstairs units and floor furnaces in downstairs units. Beautiful tree lined street in historic Wrigley and great location near shopping, freeways, and parks.
  1. Listed by Linda Hunter • DRE #00976347 • Brokerage DRE #00909780 • LB Brokerage, Inc • 562-841-1628

Property Details for 2224 Chestnut Avenue

Architectural Style
Spanish
Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5585
Assessor Parcel Number
7205-022-009
LISTING UPDATED: 10/29/2024 01:17 AM

Property Details for 2224 Chestnut Avenue

StatusActive
MLS #PW24212532
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.15 AC / 6,501 SF
CountyLos Angeles County

Building Information for 2224 Chestnut Avenue

Stories2Residences-Year Built1929Building Size-Lot Size0.15 AC / 6,501 SF

Property Information for 2224 Chestnut Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $88,800
  • Gross Scheduled Income: $88,800
  • Net Operating Income: $78,451
Expense Details
  • Operating Expense: $10,349
  • Pest Control Expense: $1,410
  • Insurance Expense: $3,500
  • Maintenance Expense: $2,725
  • Trash Expense: $0
  • Water Sewer Expense: $2,714
  • Total Expenses: $10,349
Tax / Assessment Info
  • Tax Block: 7
  • Tax Tract Number: 573...
  • Tax Census Tract: 5731.02
  • CFD/Mello-Roos Fee: $1,049
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Gas Water Heater
  • Equipment: Gas Dryer Hookup, Inside, Washer Hookup
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Heating Type: Floor Furnace, Wall
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Reflective, See Remarks
  • Entry Location: Front Door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Electric: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Wrigley Area
  • Builders Tract Code: Wrigley Area (WR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0
  • Number With Range: 4
  • Number With Disposal: 4

Property History for 2224 Chestnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2224 Chestnut Avenue

Taxable ValueLand$169,878Additions$338,493Total$508,371
Tax Record2024$7,376 ($615 / month)
Home Facts
Total Finished SqFt5,585 SqFtAbove Grade Finished SqFt5,585 SqFtLot Size6,501 SqFtStyleQuadraplexYear Built1929ZoningLBR1NCountyLOS ANGELESAPN7205-022-009

Schools near 2224 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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2224 Chestnut Avenue is a multi-family home for sale in Long Beach, CA 90806. This property was listed for sale on October 14, 2024 by LB Brokerage, Inc, it's currently listed at $1,525,000. It has been on the market for a total of 33 days and was last sold on May 15, 2001. This listing's school district is Long Beach Unified School District. Nearby schools include Lafayette Elementary School, Washington Middle School and Cabrillo High School. 2224 Chestnut Avenue is a 8-bed, 4-bath, 5,585 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LB Brokerage, Inc, Linda Hunter, DRE #00976347

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.