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$ 2,600,000
Est. payment | /mo
6,534 Sqft Lot
$ 2,600,000
Est. payment | /mo
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25248922
Lot Size 6,534 Sqft
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Chestnut Ave & W. Hill St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7205026015
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Kevin King Marcus & Millichap