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

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Denise Martin

denise@denise4realty.com +1(661) 233-6916

$ 1,849,000

Est. payment | -/mo

6,499 Sqft Lot

Save

$ 1,849,000

Est. payment | -/mo

Save

6,499 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25078995

HOA Y/N No

Year Built 1932

Lot Size 6,499 Sqft

Property Sub-Type Apartment

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

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Biking, Gutter(s), Sidewalks, Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Acceptable Financing Cash to Existing Loan, Cash to New Loan

Listing Terms Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

Listed by Pat Swanson • Pat Swanson • 213-864-2862

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 233-6916

denise@denise4realty.com

2200 Chestnut Long Beach, CA 90806