321 Chestnut Avenue
321 Chestnut Avenue
$949,000
1
7
4,262
4,262
$223
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....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!
- Listed by Michael Hickman • DRE #01410360 • Brokerage DRE #00745605 • Seven Gables Real Estate • 949-322-0647
- Listed by Jerry Jervis • DRE #01185627 • Brokerage DRE #00745605 • Seven Gables Real Estate
Property Details for 321 Chestnut Avenue
Parking Spaces Total
0
Private PoolNo
Total Units7.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4262
Assessor Parcel Number7280-013-030
Property Attached YNtrue
Location
LISTING UPDATED: 04/25/2024 10:57 AM
Property Details for 321 Chestnut Avenue
Status | Active |
---|---|
MLS # | PW24082445 |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.06 AC / 2,780 SF |
County | Los Angeles County |
Location
Building Information for 321 Chestnut Avenue
Stories2Residences-Year Built1922Building Size-Lot Size0.06 AC / 2,780 SF
Payment Calculator
$5,409 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 321 Chestnut Avenue
Property History for 321 Chestnut Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 321 Chestnut Avenue
Taxable ValueLand$63,615Additions$61,534Total$125,149
Tax Record2023$2,755 ($230 / month)
Home Facts
Total Finished SqFt4,232 SqFtAbove Grade Finished SqFt4,232 SqFtLot Size2,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLBPD30CountyLOS ANGELESAPN7280-013-030
Schools near 321 Chestnut Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Chavez Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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