2175 Chestnut

Long Beach, CA 90806
Property listed by Marcus & Millichap, Kevin King [email protected]
$2,600,000
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 aRead MoreRead Less
Listing Snapshot
Days Online
185
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1929
MLS Number
PW25248922
Property Location Map
Additional Details
Building
Built in 1929, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Front
Community
Biking, Curbs, Sidewalks
Expenses
Electric: $3,674, Fuel: $3,674, Gardener: $960, Insurance: $10,066, Maintenance: $2,580, Operating: $70,920, Trash: $3,674, Water/Sewer: $3,674, Other Expense: $1,828
Garage
5 spaces
Income
Gross Income: $229,715, Gross ScheduledIncome: $232,320, Net Operating Income: $158,795
Laundry
None
Lot
0.15 acres, ElevenToFifteenUnitsAcre
Parking
5 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7205026015, Tax Block: 2, Lot: 15
Utilities
Water Source: Public, 15 separate electric meters, 2 separate water meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.