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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW14059611
Year Built 1937
Tax Year 2013
Lot Size 6,490 Sqft
Property Description
We are proud to offer a well-maintained, attractive eight-unit property in the city of Long Beach. The subject property is located at 2375 Chestnut Avenue, two blocks south of Willow Street and four blocks east of Magnolia Avenue, in the heart of Wrigley District. This investment features an excellent unit mix of four one-bedroom/one-bath units with den, one two-bedroom/one-bath unit with den, and three two-bedroom/one-bath units. Built in 1937, this property is a two story walk-up style building with central hallways and approximately 7,048 rentable square feet and a lot size of 6,499 square feet. This property is well landscaped and offers two enclosed garages and three open spaces in the rear for tenant's convenience.2375 Chestnut Avenue is within close proximity to Lafayette Elementary School, numerous restaurants and shopping centers along Pacific Avenue. This property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market. WIth strong rents in place and numerous upgrades to the interior of the units, this property is ideal for an investor looking to get into the business or add to their existing portfolio.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Story Two
Sewer Unknown
Water Public
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with Jeffery Chonis • Buckingham Investments, Inc.