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2200 Chestnut, Long Beach, CA 90806
2200 Chestnut
Overview
Property ID: HZOC25078995
- Apartment
- 5
- 1932
Description
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.
Address
Open on Google Maps- Address Chestnut
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90806
Details
Updated on August 11, 2025 at 8:08 pm- Property ID: HZOC25078995
- Price: $1,799,000
- Garages: 5
- Year Built: 1932
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Pat Swanson
- DRE #: 01382974
- Contact Mail: pat.swanson@colliers.com
- Brokered by: Pat Swanson
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