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2175 Chestnut

Long Beach, CA 90806
  • $2,600,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: PW25248922
$2,600,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Kevin King of Marcus & Millichap (562-257-1200)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169321951
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2175 Chestnut Long Beach, CA 90806

  • Price: $2,600,000
  • Status: Active
  • On Site: 44 Days
  • ID#: PW25248922
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1929
Built
Neighborhood:
South Wrigley
County:
Los Angeles
Area:
5 - Wrigley Area
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.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 15 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Cap Rate 5.79 Common Interest Community Apartment Community Features BikingCurbsSidewalks Electric Expense 3674 Fuel Expense 3674 Garage YN Yes Gross Income 221116 Gross Scheduled Income 225480 Insurance Expense 10066 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 2580 Net Operating Income 150596 New Construction YN No New Taxes Expense 31070 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 2 Operating Expense 70920 Other Expense 1828 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3674 Water Sewer Expense 3674 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-12T00:26:58.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Kevin King of Marcus & Millichap (562-257-1200)