2619 Chestnut Ave - Apartments FOR SALE


Long Beach, CA 90806
$3,200,000 USD
714-348-1085
2619 Chestnut Ave, Long Beach, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/105
null | 5.71% Cap Rate

2619 Chestnut Ave
Long Beach, CA 90806


OVERVIEW

Welcome to 2619 Chestnut Avenue, an Exquisite Investment Opportunity in Long Beach’s Coveted Wrigley Neighborhood. This impeccably maintained nine-unit property, located just north of Willow Avenue, offers an unparalleled blend of elegance and sophistication. Each unit has been masterfully upgraded, boasting high-end finishes, modern fixtures, and thoughtful enhancements, all without a trace of deferred maintenance—ensuring a seamless, worry-free ownership experience. Since 2016, this premier property has undergone extensive renovations, elevating it to a true gem within the Wrigley area. Every detail, from the luxury flooring to the designer-inspired touches, reflects exceptional craftsmanship and an uncompromising standard of quality. At approximately $470 per square foot, this property represents not only tremendous value but also a rare opportunity to invest in luxury living in an unbeatable location. Beyond its immediate financial strength, 2619 Chestnut Avenue presents an exciting growth potential. With the opportunity to increase current rents and explore the addition of Accessory Dwelling Units (ADUs), this investment offers untapped possibilities for future expansion and enhanced returns. Offers are welcomed that reflect the true prestige of this remarkable asset. This is more than just a property—it’s an exceptional investment in one of Long Beach’s finest residential enclaves, combining modern luxury with long-term growth potential for the astute investor.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$502 USD /SF

# OF UNITS

9

PRICE/UNIT

$355,556

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,373 SF

ZONING

LBR1N

APN/PARCEL ID

7206-027-016

ASK ABOUT THIS PROPERTY

Brian FoxKeller Williams RealtyMore Info
714-348-1085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Brian FoxKeller Williams RealtyMore Info
714-348-1085

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.