Homes for sale - 2200 Chestnut, Long Beach, CA 90806

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Pat Swanson • Pat Swanson

$1,849,000

Est. payment - /mo

6,500 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25078995

Originating Board California Regional MLS

Year Built 1932

Lot Size 6,500 Sqft

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

Area 5 - Wrigley Area

Interior

Laundry In Laundry Room, Laundry Area

Exterior

Garage Spaces 5.0

Pool None

Building

Water District - Public

Others

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2200 Chestnut Long Beach, CA 90806

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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