2175 Chestnut Avenue Long Beach, CA ^$ 3,474,000

2175 Chestnut Avenue

^$ 3,474,000

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2175 Chestnut Avenue

Long Beach, CA, 90806

^$ 3,474,000

Bedrooms14 Baths11.0 Sq 8,154

Monthly Estimate*

^$ 23,089

Listed by Palazzo Realty Inc.

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 1

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 2

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 3

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 4

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 5

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 6

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 7

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 8

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 9

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 10

2175 Chestnut Avenue, Long Beach, CA 90806 - Image 11

Multi-Family Home for sale in Long Beach, CA

for $3,474,000 with 14 bedrooms and 11 full baths. This 8,154 square foot home was built in 1929 on a lot size of 0.1486.

Charming 2 story building with 14 good sized studios, great layouts and 5 single car garages, on a tree lined street, and walking distance to Lafayette Elementary School. This Bread and Butter Property, is seperately metered for gas and electricity, while the owner pays water. Well located, central to lots of employment opportunities, close to Long Beach's Downtown, offering fine dining, entertainment, The Pike, Long Beach Aquarium, Long Beach Airport, Long Beach Memorial Hospital and the waterfront. Low operating costs, , secure building, and upside in rents will allow the new owner to reap long term benefits of this great value add investment opportunity.

Multi-Family Active

Price

^$ 3,474,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1486

Year Built

1929

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24076632

Days on Market

Features

General

Sewer PublicSewer

Heating WallFurnace

Cooling None

Utilities WaterConnected

Possession CloseOfEscrow

Zoning LBR2N

Garage Spaces 5.0

Pool Features None

Year Built 1929

Tenant Pays Electricity

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 475.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 147186.0

Operating Expense 79254.0

Insurance Expense 5521.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Wrigley Area (WR)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Cross Streets are Chestnut and 21st St.

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 14

MLS Area 5 - Wrigley Area

Lot Size Units SquareFeet

Lot Size Square Feet 6472.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 13

Listing Terms CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Current Financing Conventional

Trash Expense 1000.0

Water Sewer Expense 8847.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 10

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 15

Property Sub Type Additional MixedUse

Exterior

Parking Features DoorSingle Garage

Lot Features Item01UnitAcre

Water Source Public

Total Parking 5.0

Lot Size Area 6472.0

Number of Buildings 1

Spa N

Building Area Total 8154.0

Lot Size Acres 0.1486

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 14

Number of Separate Electric Meters 14

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 2175

* Excluded Features

List By

Palazzo Realty Inc.

Broker

(562) 433-8994

Phone

Affordability Calculator

$23,089

Per Month

Monthly Principal & Interest: $23,089
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,007,804

Percent of Sale Price 42%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/22/2024	$3,474,000		Listed Price

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2175 Chestnut Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $3,474,000 with 8,154 sqft and a lot size of 0.1486. 2175 Chestnut Avenue has 14 bedrooms, 11.0 baths, and was built in 1929. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/24/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2175 Chestnut Avenue

Multi-Family Home for sale in Long Beach, CA

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