Long Beach, CA 90806 2200 Chestnut
$1,849,000
12 more
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
Beds • 2
Baths • 1
SQFT • 5,504
Garage • 5
Year Built • 1932
Home Details
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.
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
Interior Features for 2200 Chestnut
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2
Other Rooms
Entry Level
General for 2200 Chestnut
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.1
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Gutters, Sidewalks, Urban
CountyLos Angeles
DirectionsGoogle Maps
Electric Expense300.0
Electric On Property Y/NNo
Entry LocationGround
Expected Active Date 2025-04-14
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income135678.0
HOANo
Home Warranty Y/NNo
Insurance Expense5504.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToExistingLoan, CashToNewLoan
Lot Size Square Feet6500.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income94305.0
New ConstructionNo
Number Of Units Total6
Operating Expense39103.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot0
Trash Expense1500.0
Water Sewer Expense1500.0
Waterfront Y/NNo
Year Built1932
Year Built SourceAssessor
Exterior for 2200 Chestnut
Building Area Total5504.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.1492
Lot Size Area6500.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,849,000
MLS#OC25078995
List Date
04/10/2025
Property Type
Multi-Family
Phone
(562) 537-4182
