2024 Chestnut Ave - Apartments FOR SALE
Long Beach, CA 90806 |
$1,350,000 USD
310-982-7055
2024 Chestnut Ave
Long Beach, CA 90806
OVERVIEW
• Large 5-Unit Building with (3) 3-Bed units, (1) large 2-Bed unit, and (1) 1 bed unit
• Excellent location in South Wrigley
• Priced to sell at 10.86 GRM and a 5.7% cap rate
• ~7% upside in income to market cap rate of 6.3%
• Detached garage building with 4 spots
• Fresh exterior paint
• Electrical system upgrade in September of 2024
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$366 USD /SF
# OF UNITS
5
PRICE/UNIT
$270,000
CAP RATE
5.66%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1928
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.15 AC
LAND SF
6,375 SF
ZONING
R2N, Long Beach
APN/PARCEL ID
7209-025-009
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310-982-7055
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310-982-7055
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