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.
Sold for $1,290,000
Listed by: Buckingham Investments, Inc • Anthony Walker • Contact: 310-982-7055
Bought with: Buckingham Investments, Inc
$1,290,000
2024 Chestnut Ave, Long Beach, CA 90806
12beds
5baths
3,692sqft
Multi Family
Built in 1928
-- sqft lot
$-- Zestimate®
$349/sqft
$2,701 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,701/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Anthony Walker DRE #01908153 310-561-4776,
Buckingham Investments, Inc,
Josh Ess DRE #02035659 310-982-7055,
Buckingham Investments, Inc
Bought with:
Marc Habib, DRE #02207264
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB24215716
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 5
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Oven, Gas Range
- Laundry: Common Area
Features
- Laminate Counters, Quartz Counters
- Flooring: Carpet, Tile, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,692
- Total interior livable area: 3,692 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage Faces Rear
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 6,399 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7209025009
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mediterranean
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Flat,Tile
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Suburban
- Subdivision: Wrigley Area (Wr)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $349/sqft
- Tax assessed value: $1,379,569
- Annual tax amount: $18,536
- Date on market: 10/18/2024
- Cumulative days on market: 105 days
- Listing terms: Cash to New Loan,Conventional
- Tenant pays: Electricity, Gas, Other, Trash Collection
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Listing removed | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/21/2026 | Listed for rent | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/11/2025 | Listing removed | $1,995$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/15/2025 | Price change | $1,995-13.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/24/2025 | Price change | $2,295-8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/11/2025 | Listed for rent | $2,495+8.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/11/2025 | Listing removed | $2,295$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/26/2025 | Price change | $2,295-8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/14/2025 | Price change | $2,495-3.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/3/2025 | Listed for rent | $2,595+36.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/22/2025 | Sold | $1,290,000-0.7%$349/sqft |
Source:  CRMLS #SB24215716 Report a problem | ||
| 3/1/2025 | Pending sale | $1,299,000$352/sqft |
Source: CRMLS #SB24215716 Report a problem | ||
| 2/3/2025 | Contingent | $1,299,000$352/sqft |
Source: CRMLS #SB24215716 Report a problem | ||
| 1/17/2025 | Price change | $1,299,000-3.8%$352/sqft |
Source: CRMLS #SB24215716 Report a problem | ||
| 11/21/2024 | Listed for sale | $1,350,000+3.8%$366/sqft |
Source: CRMLS #SB24215716 Report a problem | ||
| 1/4/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/27/2023 | Price change | $1,895-5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/22/2023 | Price change | $1,995-2.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/11/2023 | Listed for rent | $2,045+3.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/20/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 7/29/2022 | Listed for rent | $1,975$1/sqft |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 9/14/2021 | Sold | $1,300,000+202.3%$352/sqft |
Source: Public Record Report a problem | ||
| 9/7/2012 | Sold | $430,000-52.2%$116/sqft |
Source: Public Record Report a problem | ||
| 8/15/2007 | Sold | $900,000+164.7%$244/sqft |
Source: Public Record Report a problem | ||
| 1/30/2003 | Sold | $340,000+14.9%$92/sqft |
Source: Public Record Report a problem | ||
| 5/22/2000 | Sold | $296,000+86.2%$80/sqft |
Source: Public Record Report a problem | ||
| 1/5/2000 | Sold | $159,000+13.6%$43/sqft |
Source: Public Record Report a problem | ||
| 8/6/1999 | Sold | $140,000$38/sqft |
Source: Public Record Report a problem | ||
| 3/19/1999 | Sold | $140,000$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,536 +4.6% | $1,379,569 +2% |
| 2024 | $17,720 +1.7% | $1,353,100 +2% |
| 2023 | $17,423 +6.5% | $1,326,580 +2% |
| 2022 | $16,356 +115.4% | $1,300,580 +129.4% |
| 2021 | $7,593 +0.3% | $566,828 +1% |
| 2020 | $7,572 | $561,023 +2% |
| 2019 | $7,572 +4.9% | $550,035 +2% |
| 2018 | $7,217 | $539,262 +2.1% |
| 2017 | $7,217 +1.1% | $528,121 +2% |
| 2016 | $7,142 +7.7% | $517,766 +1.5% |
| 2015 | $6,631 +4.4% | $509,990 +2% |
| 2014 | $6,353 | $500,000 |
| 2012 | -- | $500,000 -45.5% |
| 2009 | -- | $918,000 +2% |
| 2008 | -- | $900,000 +144.9% |
| 2007 | -- | $367,544 +2% |
| 2006 | -- | $360,338 |
| 2005 | -- | $360,338 +4% |
| 2004 | -- | $346,347 +10.3% |
| 2003 | -- | $314,116 +2% |
| 2002 | -- | $307,958 +120% |
| 2000 | -- | $140,000 |
Find assessor info on the county website
Neighborhood: Wrigley
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