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2175 Chestnut Ave, Long Beach, CA 90806
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2175 Chestnut Ave Long Beach, CA 90806

$3,424,000
  • 0 Beds
  • 14 Baths
  • 8,154 Sq.Ft.
For Sale
$3,424,000 Get Pre-Qualified
Map preview of 2175 Chestnut Ave, Long Beach, CA 90806

Property Overview: 2175 Chestnut Ave Long Beach, CA has -- bedrooms, 14 bathrooms, 8,154 living square feet and 6,472 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: **$50K Price Reduction** Charming 2 story building with 14 good sized studios, great layouts and 5 single car garages, on a tree lined street, and walking distance to Lafayette Elementary School, This Bread and Butter Property, is seperately metered for gas and electricity, while the owner pays water. Well located, central to lots of employment opportunities, close to Long Beach's Downtown, offering fine dining, entertainment, The Pike, Long Beach Aquarium, Long Beach Airport, Long Beach Memorial Hospital and the waterfront. Low operating costs, , secure building, and upside in rents will allow the new owner to reap long term benefits of this great value add investment opportunity.

Listed by Wade Tettenburn | BRE #01246595 | Palazzo Realty Inc.
Last checked: 33 seconds ago | Last updated: June 24th, 2024 | Source CRMLS | DOM: 36
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Home details

Lot Sq. Ft
6,472
HOA Dues
$0/mo
Year built
1929
Garage
5 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW24076632
City
Long Beach
County
Los Angeles
Time on Site
35 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Leased Units: 13
  • # of Electric Meters: 14
  • # of Gas Meters: 14
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,315
  • Total Rent: $1,315
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,270
  • Total Rent: $1,270
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,160
  • Total Rent: $1,160
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 10
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $4,050
  • Pro Forma/Market Rent: $4,350
Unit Breakdown 11
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $226,440
  • Net Operating Income: $147,186
  • Gross Operating Income: --
  • # of Rented Garages: 5
  • Other Income Description: 5 Single Car Garages
Annual Expense Breakdown
  • Total Operating Expense: $79,254
  • Trash: $1,000
  • Insurance: $5,521
  • Professional Management: $11,322
  • Water/Sewer: $8,847

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Property Details for 2175 Chestnut Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage - Single Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7205026015
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: Cross Streets are Chestnut and 21st St.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2175 Chestnut Ave

Last sold for $629,000 on January 18th, 2017

  • May, 2024

  • May 21, 2024

    Date

    Active

    CRMLS: PW24076632

    $3,474,000

    Price

  • January, 2017

  • Jan 18, 2017

    Date

    Sold (Public Records)

    Public Records

    $629,000

    Price

  • April, 2005

  • Apr 5, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2175 Chestnut Ave

Assessed Value (2020): $1,372,200
Year Land Value Improved Value Assessed Value
2020 $860,323 $511,877 $1,372,200

Home Value Compared to the Market

This property vs the competition

2175 Chestnut Ave is listed 328.54% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $646 and this home is listed at $419.92 per/sqft which puts the price per square foot 35% lower than the median price per square foot for the city of Long Beach.

About 2175 Chestnut Ave

Detailed summary of property

2175 Chestnut Ave is a mixed use located in Long Beach, CA 90806 and is currently for sale. This mixed use property offers -- bedrooms, 14 bathrooms, roughly 8,154 living square feet, and sits on an approximately 6,472 square foot lot. 2175 Chestnut Ave was first listed on ArdentRealEstateGroup.com on May 22, 2024. The homeowner is currently asking $3,424,000 and was originally asking $3,474,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 328.54% higher than the median priced home. Local competing homes currently for sale include 3765 Delmas, 2109-2113 E Westport Dr and 3745 Ocean View Ave. While the average home in Long Beach, CA is selling in 53 days, 2175 Chestnut Ave has a days on market of 36 days. There are currently 704 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 296 of them are condos and 23 are townhomes. For more information on this home for sale at 2175 Chestnut Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2175 Chestnut Ave

Public county record property details
Beds
--
Baths
14
Year built
1929
Sq. Ft.
8,154
Lot Size
6,470
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
7205-026-015

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$795,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$835,000
Median Sold Price/Sq.Ft.
$657
Total Inventory
14
Median Sale to List Price %
111.33%
Avg Days on Market
17
Loan Type
Conventional (37.5%), FHA (12.5%), VA (0%), Cash (0%), Other (37.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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