2200 Chestnut, Long Beach, CA, US, 90806
2200 Chestnut, Long Beach, CA, US, 90806Basics
- Date added: Added 1日 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2
- Lot size: 6500, 6500 sq ft
- Year built: 1932
- County: Los Angeles
- MLS ID: OC25078995
Description
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Description:
Beautifully restored Spanish Revival 6-unit complex in Long Beach’s historic South Wrigley neighborhood. Features (4) large 2-bed/1-bath and (2) 1-bed/1-bath units totaling 5,504 SF. Upgrades include new electrical panels, copper plumbing, on-site laundry, and garages. Assumable financing at 3.20% fixed through May 2026, then 4.20% until Nov 2026, 5.20% until May 2027, and 6.20% until Nov 2027. Current 5.10% cap rate with upside to 6.67% pro forma. Additional income could be achieved through RUBS, pet rent, parking, and potential ADU development where existing garages are located. Excellent location near Downtown, transit, and schools—strong cash flow and long-term upside.
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Location
- Directions: Google Maps
- Lot Size Acres: 0.1492 acres
Building Details
- Water Source: Public
- Lot Features: SixToTenUnitsAcre
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: OneCommonWall
- Garage Spaces: 5
- Number Of Buildings: 1
Amenities & Features
- Pool Features: None
- Parking Total: 5
- Laundry Features: CommonArea,LaundryRoom
Expenses, Fees & Taxes
- Trash Expense: $1,500
- Electric Expense: $300
- Fuel Expense: 0
- Insurance Expense: $5,504
- Water Sewer Expense: $1,500
Miscellaneous
- List Office Name: Pat Swanson
- Listing Terms: CashToExistingLoan,CashToNewLoan
- Common Interest: CommunityApartment
- Community Features: Biking,Gutters,Sidewalks,Urban
- Attribution Contact: 213-864-2862