Beautifully restored Spanish Revival 6-unit complex in Long Beach’s historic South Wrigley neighborhood. Features (4) large 2-bed/1-bath and (2) 1-bed/1-bath units totaling 5,504 SF. Upgrades include new electrical panels, copper plumbing, on-site laundry, and garages. Assumable financing at 3.20% fixed through May 2026, then 4.20% until Nov 2026, 5.20% until May 2027, and 6.20% until Nov 2027. Current 5.10% cap rate with upside to 6.67% pro forma. Additional income could be achieved through RUBS, pet rent, parking, and potential ADU development where existing garages are located. Excellent location near Downtown, transit, and schools—strong cash flow and long-term upside.
For sale
Listing Provided by:
Pat Swanson DRE #01382974 213-864-2862,
Pat Swanson
Price cut: $26K (6/16)
$1,799,000
2200 Chestnut Ave, Long Beach, CA 90806
10beds
6baths
5,504sqft
Est.:
Multi Family
Built in 1932
-- sqft lot
$-- Zestimate®
$327/sqft
$-- HOA
What's special
Restored spanish revivalNew electrical panelsCopper plumbingOn-site laundry
- 136 days
- on Zillow |
- 153 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: August 11, 2025 at 10:33am
Listing Provided by:
Pat Swanson DRE #01382974 213-864-2862,
Pat Swanson
Source: CRMLS,MLS#: OC25078995
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Appliances
- Laundry: Common Area, Laundry Room
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,504
- Total interior livable area: 5,504 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Features
- Entry location: Ground
- Pool features: None
Lot
- Size: 6,500 Square Feet
- Features: 6-10 Units/Acre
Details
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1932
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Gutter(s), Sidewalks, Urban
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $327/sqft
- Date on market: 4/14/2025
- Cumulative days on market: 136 days
- Listing terms: Cash to Existing Loan,Cash to New Loan
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