321 Chestnut Avenue,  Long Beach  (90802)

$949,000

0 bedrooms 0   0 bathrooms 0   4262 square feet 4,262
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Listed By: Michael Hickman of Seven Gables Real Estate

PROPERTY DETAILS

Address: view address
Long Beach, CA 90802
Map Location
Features: Multi-level
Square Feet:4,262 sq.ft.Lot Size:0.06 acres
Year Built:1922Property Type:Mixed Use
Neighborhood:Downtown (Dt)County:Los Angeles
List Date:2024-04-25Listing Number:PW24082445
Listed By:Seven Gables Real EstateListing Office:949-322-0647

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!

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Property and Lot Details

Lot Acres:0.06Lot Number:31.00
Lot Sqft:2,780.00Public Water:Yes
Subdivision:Downtown (DT)Transaction Type:Sale
Year Built:1922

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: Michael Hickman of Seven Gables Real Estate