2200 Chestnut
Long Beach, CA, 90806
$1,799,000
Beds
0 Baths
SqFt
0.15 Acres
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$1,799,000
2200 Chestnut
Long Beach, CA, 90806
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.

Property Details

Price:
$1,799,000
MLS #:
OC25078995
Status:
Active
Baths:
0
Address:
2200 Chestnut
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Apr 10, 2025
State:
CA
ZIP:
90806
Lot Size:
6,500 sqft / 0.15 acres (approx)
Year Built:
1932

Schools

Interior

Laundry Features
Common Area, Individual Room

Exterior

Community Features
Biking, Gutters, Sidewalks, Urban
Parking Spots
5.00

Financial

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2200 Chestnut
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