2200 Chestnut, Long Beach, CA 90806

$1,849,000 Approx. USD 0 beds, 0 baths

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Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)

Status: Active

MLS# OC25078995

Price: $1,849,000

Beds: 0

Baths: 0

Built in 1932

0.15 acres

Lot size: 0.1492

County: Los Angeles

Lot description: SixToTenUnitsAcre