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:
$1,849,000
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
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Schools
Interior
Exterior
Community Features
Biking, Gutters, Sidewalks, Urban
Garage Spaces
5.00
Lot Features
6-10 Units/ Acre
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address2200 Chestnut Long Beach CA
- Area5 – Wrigley Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
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2200 Chestnut
Long Beach, CA
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