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Long Beach, CA 90806 2175 Chestnut Avenue

$3,474,000

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Presented By: Wade Tettenburn with Palazzo Realty Inc.; 562-400-0091
  • MLS# PW24076632
  • 05/21/2024
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  • BedBeds • 14
  • BathBaths • 11
  • FootageSQFT • 8,154
  • GarageGarage • 5

Home Details

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.
Presented By: Wade Tettenburn with Palazzo Realty Inc.; 562-400-0091

Interior Features for 2175 Chestnut Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 2175 Chestnut Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CoolingNone
CountyLos Angeles
Current FinancingConventional
Days on Market10
DirectionsCross Streets are Chestnut and 21st St.
Entry Location1
Garage Spaces5.0
Garage Y/NYes
Gross Income475.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense5521.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoNewLoan
Lot Size Square Feet6472.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income147186.0
New ConstructionNo
Number of Units Leased13
NumberOfUnitsTotal14
Operating Expense79254.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameWrigley Area (WR)
Tax Lot15
Tenant PaysElectricity
Trash Expense1000.0
UtilitiesWaterConnected
View Y/NNo
Water Sewer Expense8847.0
Waterfront Y/NNo
Year Built1929
Year Built SourceAssessor
ZoningLBR2N

Exterior for 2175 Chestnut Avenue

Building Area Total8154.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1486
Lot Size Area6472.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters14
Number of Separate Gas Meters14
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesDoorSingle, Garage
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,474,000
MLS#PW24076632
List Date 05/21/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors