2367 Chestnut Ave, Long Beach, CA 90806

Property Description

2367 Chestnut Avenue is a four-unit asset located on a quiet, residential street in South Wrigley, Long Beach. With (1) 3 bedroom/2 bath unit and (3) 2 bedroom/2 bath units, the property presents an ideal owner-occupied opportunity. All units are fully renovated with high-end finishes, including wood flooring, recessed lighting and modern kitchens and baths. The building features low-maintenance, drought-tolerant artificial turf in the front yard, newly-painted exteriors with brand new gutters installed, all new copper plumbing throughout, on-site laundry and five private garages. This property provides a low-effort, solid cash flow investment opportunity in a popular residential Long Beach submarket. The South Wrigley area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks of the subject property