2619 Chestnut AVE Long Beach, CA 90806
Active
$3,200,000
9 Units
11 Beds
10 Baths
6,372 Area(sq.ft.)
6,373 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,950 | $ 23,400 | $ 23,400 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,650 | $ 19,800 | $ 22,200 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,950 | $ 23,400 | $ 23,400 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,500 | $ 18,000 | $ 22,200 |
| Unit 5 | 1 | 2 | 2 | No | $ 2,500 | $ 30,000 | $ 34,200 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,550 | $ 18,600 | $ 22,200 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,550 | $ 18,600 | $ 22,200 |
| Unit 8 | 1 | 1 | 1 | No | $ 1,400 | $ 16,800 | $ 22,200 |
| Unit 9 | 1 | 2 | 1 | No | $ 2,500 | $ 30,000 | $ 34,200 |
| 9 | 9 | 11 | 10 | $ 16,550 | $ 198,600 | $ 226,200 |
| MLS #: | NP24213687MR |
| Days On Market: | 45 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 502 |
| Price per unit: | $ 355,556 |
| Year Built: | 1957 |
Property Details
This impeccably maintained nine-unit property, situated just north of Willow Avenue, offers an unparalleled blend of elegance and sophistication. Each unit has been masterfully upgraded, featuring high-end finishes, modern fixtures, and thoughtful enhancements all without a hint of deferred maintenance ensuring a seamless, worry-free ownership experience. Extensively renovated, this premier property is a true gem within the Wrigley area. Every detail, from luxury flooring to designer-inspired touches, reflects exceptional craftsmanship and an uncompromising standard of quality. This property represents not only tremendous value but also a rare opportunity to invest in luxury living in an unbeatable location. Beyond its immediate financial strength, 2619 Chestnut Avenue presents exciting growth potential. With opportunities to increase current rents and explore the addition of Accessory Dwelling Units (ADUs), this investment offers untapped possibilities for future expansion and enhanced returns. This is more than just a property it s an exceptional investment in one of Long Beach s finest residential enclaves, blending modern luxury with long-term growth potential for the astute investor.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 188,100 |
| Total Annual Expense: | $ 7,700 |
| Net Operating Income: | $ 182,700 |
| Actual Gross Rent: | $ 198,000 |
Structure
| Community Features: | Curbs, Sidewalks |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Style: | Contemporary |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR1N |
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | Central |
| Equipment: | Dishwasher, In Closet, Inside, Laundry Area, Other |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | In Closet, Inside, Laundry Area, Other |
Exterior
| Pool: | No |
| Roof: | Other |
| Spa: | No |
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