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Listed by Pat Swanson • Pat Swanson
$1,849,000
Est. payment /mo
5,504 SqFt
Active
2200 Chestnut Long Beach, CA 90806
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,504 sqft
Price per Sqft $335
MLS Listing ID CROC25078995
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1932
Lot Size 6,500 Sqft
Property Sub-Type Other
Property Description
Beautifully restored Spanish Revival 6-unit complex in Long Beach’s historic South Wrigley neighborhood. Features (4) large 2-bed/1-bath and (2) 1-bed/1-bath units totaling 5,504 SF. Upgrades include new electrical panels, copper plumbing, on-site laundry, and garages. Assumable financing at 3.20% fixed through May 2026, then 4.20% until Nov 2026, 5.20% until May 2027, and 6.20% until Nov 2027. Current 5.10% cap rate with upside to 6.67% pro forma. Additional income could be achieved through RUBS, pet rent, parking, and potential ADU development where existing garages are located. Excellent location near Downtown, transit, and schools—strong cash flow and long-term upside.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Laundry Room, Other
Building
Water Public
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