Six-Unit Apartment
2200 Chestnut Ave Long Beach, CA 90806
For Sale
Contact for pricing
Apartment building offering six units and a total size of 5,504 square feet.
Property Size5,504 SF
Price / SF$317.77
Days on Market114
Property Features for 2200 Chestnut Ave
General Information
- Standard status
- Active
- Size
- 5,504 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1932
Listing Agency:
Stream Realty Partners Greater L.A.
Listed By:
Pat Swanson · License #CA 01382974
Source:
Crexi
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 23 at 4:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stream Realty Partners Greater L.A.
Investment Insights
Based on property information with market context.
This six-unit apartment building is offered for sale as a residential income property. The asset contains six individual units within a total building size of 5,504 square feet.
The property is located at 2200 Chestnut Ave in Long Beach, CA 90806.
Presented as a multi-family asset with six units, this property may be of interest to buyers seeking a straightforward, small-bay residential income configuration.
The property is located at 2200 Chestnut Ave in Long Beach, CA 90806.
Presented as a multi-family asset with six units, this property may be of interest to buyers seeking a straightforward, small-bay residential income configuration.
Key Highlights
- Apartment building built in 1932
- 6‑unit multifamily property
- Total building size of 5,504 SF
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.1k | $30.72 |
| − Vacancy | −$7.9k | −$1.44 |
| EGI | $161.1k | $29.28 |
| − OpEx | −$72.5k | −$13.17 |
| NOI | $88.6k | $16.10 |
5,504 SF · lease $30.72/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,625 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,277 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Apartment building offering six units and a total size of 5,504 square feet.
Where is this apartment building located?
The property is located at 2200 Chestnut Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Apartment building built in 1932; 6‑unit multifamily property; Total building size of 5,504 SF
