Introducing an excellent investment opportunity in the heart of Long Beach, this well-maintained four-unit multifamily property offers a desirable unit mix, functional layouts, and strong tenant appeal. The property features four side-by-side residences with individual garages, providing a sought-after amenity in today's rental market (or convert to ADUs?). The unit mix consists of one two-bedroom, one-bathroom residence and three one-bedroom, one-bathroom residences. Easily managed property so an opportunity to increase cash flow. Ideally located in Long Beach, the property is just minutes from shopping, dining, local beaches, major employment centers, and convenient freeway access. With Long Beach continuing to attract renters through its coastal lifestyle and diverse economy, this property presents an attractive opportunity for investors seeking a stable, well-located multifamily asset with long-term upside.
| MLS # | SB26171308 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1940 |
| Days On Site | 30 |
| Listing Provided By | Estate Properties | Charles Fisher |
| SQ Feet | 2,945 |
|---|---|
| Garage | 8 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.15 |
| Heating | Natural Gas, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Lot Features | Landscaped |
|---|
| Garage Yes / No | Yes |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 5 Wrigley Area |
| Community Name | Wrigley Area (WR) |
| Listing VS Median (in Wrigley Area (WR)) | |
Price: $1,100,000 low | high Med: $1,382,500 sqft: 2,945 low | high Med: 4,503 $ / sqft: $374 low | high Med: $313 On site: 30 low | high Med: 62.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 5 Wrigley Area |
| Community Name | Wrigley Area (WR) |
| Listing VS Median (in Wrigley Area (WR)) | |
Price: $1,100,000 low | high Med: $1,382,500 sqft: 2,945 low | high Med: 4,503 $ / sqft: $374 low | high Med: $313 On site: 30 low | high Med: 62.5 | |
![]() | $1,150,0002472 Chestnut AvenueLong Beach, CA 90806 |