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321 Chestnut Ave Long Beach, CA, 90802
$949,000 Commercial pending Other
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, th
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Property details
4,262 sqft interior area
Land area
2,780 sqft (0.06 acres)
Days on Verhouse
21
Address
321 Chestnut Ave, Long Beach, CA, 90802
City of California
Long Beach
County
Los Angeles
Year Built
1922
District
Listing
Nearby major retailers
Costco
Lowe's
Whole Foods Market
Trader Joe's
Mercedes-Benz
ALDI
Toyota
Walmart Supercenter
T-Mobile
Wholesale: 1
Do it yourself: 1
Supermarket: 5
Car: 1
Car repair: 1
Mobile phone: 1
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Interior Features
—
Utilities Included
Other Water/Sewer
Listed by
Michael Hickman, Seven Gables Real Estate
Name
Michael Hickman
License number
01410360
Brokerage company
Seven Gables Real Estate
MLS #
CRPW24082445
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Calculate your monthly payments
Mortgage
$2,914
Taxes
$0
HOA dues
$0
Mortgage
$189,800 / 20%
2.28%
30 years
Your amount
$2,914 / month
Lot details
TMK #7280013030
Parcel nr.
7280013030
90802 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90802
44%
Families with children
National average: 39%
49%
Non family households
284,614
Population
$78,661
Average Income
Age & gender
Median age 34 years
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Commute types
78% commute by car
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Education level
20% have not graduated education
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Number of employees
3% work in education and healthcare
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Vehicles available
49% have 1 vehicle
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Vehicles by gender
49% have 1 vehicle
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Housing market insights for
$873.06k
Neighborhood average
sales price*
sales price*
$638.33k
Neighborhood median
sales price*
sales price*
453
Number
of sales*
of sales*
Housing type
34% are small apartments
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Rooms
39% of the houses have 4 or 5 rooms
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Bedrooms
45% have 2 or 3 bedrooms
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Owners vs Renters
73% are renters
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15.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Pending May 7, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 7, 2024 | Pending | $949,000 | 0 | MLS #CRPW24082445 |
| Apr 25, 2024 | New Listing | $949,000 | 0 | MLS #CRPW24082445 |
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Frequently Asked Questions about 321 Chestnut Ave
What is 321 Chestnut Ave?
321 Chestnut Ave is a Commercial/Industrial propertywith 4,262 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
321 Chestnut Ave, Long Beach, CA, 90802.
What comparable properties are nearby?
Comparable nearby commercial properties include 110 E Broadway, 1044 Cedar Ave, Long Beach, 1073 E Anaheim St, 1126 E Arcadia Ct, 2035 Pacific Ave.
Based on information from the bridgeMLS as of 05-15-2024. 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.
Listing last updated on: May 07, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are El Super, 0.47 miles away and Vons 2861, 0.72 miles away.
The 90802 zip area has a population of 284,614, and 44% of the families have children. The median age is 34.66 years and 78% commute by car. The most popular housing type is "small apartment" and 73% is renter.