2200 Chestnut
Long Beach, CA 90806
0.15 acres | #OC25078995
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.
Property Details
- Lot DescriptionSixToTenUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,849,000
- MLS #OC25078995
- MLS #OC25078995
- Property SubtypeApartment
- Cost1849000
- Acres0.1492
- Utility SourcePublic
- Year Built1932
- Stories2
- Parking Spaces5
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Pat Swanson (#SSWANPAT)
Listing Office: Pat Swanson (#J01796)
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