2200 Chestnut, Property Listing: MLS® #OC25078995

Beautifully restored Spanish Revival 6-unit complex in Long Beachs 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 schoolsstrong cash flow and long-term upside.

2200 Chestnut, Property Listing: MLS® #OC25078995 Close
Page Summary
  • 619-987-4851
NEW
  • MLS® #: OC25078995
  • 2200 Chestnut
  • , CA 90806
  • $1,849,000
  • 0.15 Acres
  • Office: Pat Swanson

Beautifully restored Spanish Revival 6-unit complex in Long Beachs 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 schoolsstrong cash flow and long-term upside.

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Essential Information

  • MLS® #OC25078995
  • Listing Price$1,849,000
  • Original Listing Price$1,849,000
  • Date ListedApril 10th, 2025
  • Days on Market4
  • Bathrooms0.00
  • Acres0.15
  • Lot Sq.Ft.6,500
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0

Community Information

  • Address2200 Chestnut
  • AreaLONG BEACH (90806)
  • SubdivisionWrigley
  • CountyLos Angeles
  • StateCA
  • Zip Code90806

Amenities

  • PoolN/K

Exterior

  • Lot DescriptionSidewalks
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Listing information last updated on May 10th, 2025 at 8:53pm PDT.