2175 Chestnut Long Beach, CA ^$ 2,600,000

2175 Chestnut

^$ 2,600,000

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2175 Chestnut

Long Beach, CA, 90806

^$ 2,600,000

Studio Baths1.0 Sq 8,154

Monthly Estimate*

^$ 16,221

Listed by Marcus & Millichap

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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,600,000 with 1 full bath. This 8,154 square foot home was built in 1929 on a lot size of 0.15.

We are pleased to present 2175 Chestnut Avenue, located in Long Beach, California. This 2-story, 14-unit multifamily building was originally built in 1929 and represents an excellent value-add opportunity in the desirable South Wrigley neighborhood of Long Beach. The total building area is approximately 8,154 square feet, situated on a 6,470 square-foot parcel. The unit mix consists of fourteen (14) large studio units averaging ±585 square feet each. The property features new electric sub-panels and is separately metered for gas and electricity, helping to keep operating expenses low. There are also four parking spaces in the rear, which can generate additional income.

Multi-Family Active

Price

^$ 2,600,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1929

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW25248922

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 5

Pool Features None

Year Built 1929

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 221116

Community Features Biking Curbs Sidewalks

County Los Angeles

Net Operating Income 150596

Operating Expense 70920

Insurance Expense 10066

New Construction 0

Property Type Residential Income

MaintenanceExpense 2580

Subdivision Name South Wrigley

Garage Y/N 1

Special Listing Conditions Standard

Status Active

Directions Chestnut Ave & W. Hill St.

City Long Beach

Entry Location Front

Senior Community Y/N 0

Number Of Units Total 14

MLS Area 5 - Wrigley Area

Lot Size Units Acres

Lot Size Square Feet 6534

Listing Terms Cash Cash to New Loan 1031 Exchange

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 3674

Fuel Expense 3674

Trash Expense 3674

Water Sewer Expense 3674

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 15

Property Sub Type Additional Apartment

Taxes 31070

Cap Rate 5.79

Interior

Total Stories 2

Common Walls 1 Common Wall

Laundry Features None

Entry Level 1

Exterior

Lot Features 11-15 Units/Acre

Water Source Public

Total Parking 5

Lot Size Area 0.15

Number of Buildings 1

Building Area Total 8154

Lot Size Acres 0.15

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 2

Number of Separate Gas Meters 0

Number of Separate Electric Meters 15

* Excluded Features

List By

Marcus & Millichap

Broker

kking@marcusmillichap.com

Affordability Calculator

$16,221

Per Month

Monthly Principal & Interest: $16,221
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,860,524

Percent of Sale Price 28%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$2,600,000		Listed Price

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2175 Chestnut, Long Beach, CA, 90806 is a Multi-Family Home for sale at $2,600,000 with 8,154 sqft and a lot size of 0.15. 2175 Chestnut is a studio with 1.0 baths and was built in 1929. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/25/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2175 Chestnut

Multi-Family Home for sale in Long Beach, CA

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