#PW24201199, Kevin King, Listing Office: Marcus & Millichap

2024 Chestnut Ave Long Beach, CA 90806
Property details
About 2024 Chestnut Ave
Just reduced! Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street. The property is priced to sell at 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.
Highlights
(Pending)
Summary
- MLS Number: SB24215716
- MLS Name: CRMLS
- Office Name: Buckingham Investments, Inc
- Office Phone: (310) 561-4776
- Listing Agent: Anthony Walker
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
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Last updated on: 3/15/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,299,000
2024 Chestnut Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 14, 2021 | Home Sold | $1,300,000 |
Sep 07, 2012 | Home Sold | $430,000 |
Aug 15, 2007 | Home Sold | $900,000 |
Jan 30, 2003 | Home Sold | $340,000 |
May 22, 2000 | Home Sold | $296,000 |
Aug 06, 1999 | Home Sold | $140,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $1,353,100 | $17,719 |
2023 | $1,326,580 | $17,423 |
2022 | $1,300,580 | $16,356 |
2021 | $566,828 | $7,592 |
2020 | $560,443 | $7,485 |
2019 | $549,455 | $7,217 |
2018 | $538,682 | $7,141 |
2017 | $528,121 | $7,141 |
History based on county public records data.
Nearby schools
5
Lafayette Elementary School
Public District KG-5
0.5 mi
•2445 Chestnut Ave
4
Smith Elementary School
Public District KG-5
0.6 mi
•565 E Hill St
6
Roosevelt Elementary School
Public District KG-5
0.7 mi
•1574 Linden Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $62,127. The most common annual income of people living in Long Beach, CA is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 2024 Chestnut Ave
This home is located at 2024 Chestnut Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $1,299,000.
In February 2025 more than 54 listings in Long Beach, CA were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 62 were sold below. The number of homes for sale in Long Beach, CA increased by 2.2% between January and February 2025. In February 2025, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $823,240.