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1825 Chestnut AvenueLong Beach, CA 90806

For Sale

$3,200,000

Smart Buyer Rebate $32,000

We are pleased to present 1825 Chestnut Ave, a 12-unit multifamily in Long Beach, CA. The property is located just off the corner of Chestnut Ave and Pacific Coast Hwy, just 2-miles away from the Port of Long Beach and Long Beach’s Shoreline Village.
The property consists of eight, 1-Bedroom/1-Bathroom and four, 2-Bedroom/1-Bathroom units. The building offers over 8,500 SF of rentable living space with on-site parking via uncovered spaces and several garages.
The property benefits from it’s location by being within close proximity to several frequently travelled destinations like the Port of Long Beach, Shoreline Village, Long Beach Poly High School, Long Beach Medical Center, Costco, Home Depot, Northgate Market, and more.

Listed by ERIC CHEN

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License #01489184

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CB RICHARD ELLIS

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626-757-5717

Listed by Trey Mitchell

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License #02060609

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CB RICHARD ELLIS

Last updated December 05, 2024

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Source: CRMLS #CV24203235

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Wrigley
  • Days on Prevu340

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/14/2024
Price Decreased
$3,200,000
10/01/2024
Listed by CB RICHARD ELLIS
$3,300,000

Property Details for 1825 Chestnut Avenue

Association

Amenities

  • Community Features: Curbs, Sidewalks

Exterior

Construction

  • Number Of Units Total: 12
  • Property Attached: Yes
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1959
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 8,536
  • Building Area Units: Square Feet
  • Lot Features: 11-15 Units/Acre
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,500
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,500
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.49
  • Gross Income: $267,288.00
  • Operating Expense: $83,594.00

Taxes

  • Parcel Number: 7209028020

Other

Location

  • Subdivision Name: Wrigley Area (WR)
  • Tax Block: B
  • Tax Lot: 18

Parking

Parking

  • Garage Spaces: 8
  • Garage: Yes
  • Parking Total: 8

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.