321 Chestnut Avenue

Long Beach, CA 90802

$949,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $222 / sqft

1922

calendar_month Built

Property Description

Welcome to this charming 7-unit apartment building nestled in the heart of downtown Long Beach! Built in 1922, this classic architectural gem offers a unique value-add investment opportunity for those looking to reimagine its potential. With a total of 7 units spread across 4,262 square feet, this property presents a mix of 6 cozy studio units and one spacious 1-bedroom, 1-bathroom unit. Each studio unit offers a comfortable living space, ideal for urban dwellers seeking simplicity and convenience. The one 1-bedroom unit provides a touch of luxury with additional space and privacy, perfect for a small family or a couple looking for a little extra room. This historic building exudes character with its timeless architecture, showcasing the charm of a bygone era. From the elegant facade to the intricate detailing, this property captures the essence of classic Long Beach architecture. While the building retains its historic charm, it is in need of updating and renovation, offering a blank canvas for investors to create a modern oasis in a prime downtown location. Situated in downtown Long Beach, residents will enjoy easy access to a vibrant array of dining, entertainment, and cultural attractions. With its proximity to public transportation, major highways, and bustling city life, this property offers an unbeatable location for urban living. This is a rare value-add deal, providing investors the opportunity to increase the property's value through renovation, repositioning, and rental optimization. Don't miss out on the chance to own a piece of Long Beach history and transform it into a lucrative investment. Embrace the potential of this 7-unit apartment building and make your mark on downtown Long Beach living!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 321 Chestnut Avenue
City Long Beach
State CA
Zip 90802
County Los Angeles
Listing Agent Michael Hickman DRE#01410360
Co-Listing Agent Jerry Jervis DRE#01185627
Courtesy Of Seven Gables Real Estate
MLS PW24082445
List Price $949,000
Status Pending
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 2,780
Year Built 1922
DOM 11

Exterior Information

Maps

Listing information courtesy of: Michael Hickman, Jerry Jervis, Seven Gables Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of May 6th, 2024 at 5:40 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.