2024 Chestnut Avenue Long Beach, CA 90806
Multi-Family (2-4 Units)
MLS #: SB24215716
Courtesy Of Buckingham Investments, Inc.
$1,350,000
12 beds
|
5 baths
|
3,692 sq ft
Print property details
Share
Estimated monthly payments:
$5,901/mo.* (recalculate)
Property InformationDescription
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.
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.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Appliances: Oven - Gas, Range, Range - Gas
- Architecture Style: Mediterranean
- Cooling System: None
- Floor Covering: Carpet, Tile, Vinyl
- Roof Type: Tile
MAP & DIRECTIONS
School Information
2024 Chestnut Avenue, Long Beach, CA 90806
Elementary School
Grades KG-5 |
Public School
LAFAYETTE ELEMENTARY SCHOOL
Long Beach, CA 90806
2445 Chestnut Ave
562.426.7075
Distance: 0.5 mi
School Rating
C+
Student:Teacher Ratio
27:1
Total Students
914
Middle School
Grades 6-8 |
Public School
WASHINGTON MIDDLE SCHOOL
Long Beach, CA 90813
1450 Cedar Ave
562.591.2434
Distance: 0.6 mi
School Rating
D+
Student:Teacher Ratio
24:1
Total Students
974
High School
Grades 9-12 |
Public School
CABRILLO HIGH SCHOOL
Long Beach, CA 90810
2001 Santa Fe Ave
562.951.7700
Distance: 1.2 mi
School Rating
C-
Student:Teacher Ratio
23:1
Total Students
2007
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Educational Partnership High School | 0.3 mi | Public | 9-12 | D |
| Intellectual Virtues Academy | 0.5 mi | Public | 9-12 | B- |
| We The People High School | 0.5 mi | Public | 9-12 | |
| Smith Elementary School | 0.6 mi | Public | KG-5 | C- |
| Roosevelt Elementary School | 0.7 mi | Public | KG-5 | B |
| Polytechnic High School | 0.9 mi | Public | 9-12 | B- |
| Robinson K - 8 Academy | 1.0 mi | Public | KG-8 | C |
| First Baptist Church School | 1.0 mi | Private | KG-12 | |
| Garfield Elementary School | 1.0 mi | Public | KG-5 | C |
| Clear Passage Educational Center | 1.1 mi | Public | 9-12 | F |
| Montessori On Elm | 1.2 mi | Private | PK-4 | |
| Birney Elementary School | 1.2 mi | Public | KG-5 | B- |
| Renaissance High School For The Arts | 1.2 mi | Public | 9-12 | C+ |
| Alvarado Elementary School | 1.2 mi | Public | KG-5 | A- |
| St Lucy School | 1.2 mi | Private | KG-8 | |
| Oropeza Elementary School | 1.3 mi | Public | KG-5 | C |
| Signal Hill Elementary School | 1.4 mi | Public | KG-5 | B |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Long Beach, CA 90806
| Median Age: | 35.9 |
|---|---|
| Married: | 37% |
| Number of Households: | 12,412 |
| Households with Children: | 36.4% |
Long Beach, CA 90806
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
