1940 Chestnut Avenue Long Beach, CA ^$ 3,125,000

1940 Chestnut Avenue

^$ 3,125,000

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Recently Listed

1940 Chestnut Avenue

Long Beach, CA, 90806

^$ 3,125,000

Bedrooms14 Baths2.0 Sq 9,437

Monthly Estimate*

^$ 19,732

Listed by Taylor Avakian, Lyon Stahl Investment Real Estate, Inc., taylor@lyonstahl.com

1940 Chestnut Avenue, Long Beach, CA 90806 - Image 1

1940 Chestnut Avenue, Long Beach, CA 90806 - Image 2

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1940 Chestnut Avenue, Long Beach, CA 90806 - Image 7

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1940 Chestnut Avenue, Long Beach, CA 90806 - Image 9

1940 Chestnut Avenue, Long Beach, CA 90806 - Image 10

1940 Chestnut Avenue, Long Beach, CA 90806 - Image 11

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1940 Chestnut Avenue, Long Beach, CA 90806 - Image 14

1940 Chestnut Avenue, Long Beach, CA 90806 - Image 15

Multi-Family Home for sale in Long Beach, CA

for $3,125,000 with 14 bedrooms and 2 full baths. This 9,437 square foot home was built in 1946 on a lot size of 0.187.

1940 Chestnut Ave | 14-Unit Stabilized Multifamily in Long Beach. 1946-built asset totaling 9,437 SF on an 8,152 SF lot in an established residential corridor one block from major employment and transit corridors in one of Los Angeles' most durable rental submarkets. The property features a (10) 2+1 / (2) Studio / (2) 3+2 unit mix averaging 674 SF with separate utility metering - a cost-efficiency advantage in this dense urban environment. Twelve units are currently occupied and every occupied unit is below market, with in-place rents averaging $1,899.64/month against market rents of $2,003.57, and two units positioned to lease at market rate with zero capital expenditure. Offered at $3,125,000 ($223,214/unit | $331.14/SF) with a 7.08% in-place cap rate, the real story is what's underneath - a 7.62% pro forma cap and $16,904 in incremental annual NOI as two market-ready vacant units lease through straightforward execution with no renovation required.

Multi-Family Active

Price

^$ 3,125,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.187

Year Built

1946

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

26901565

Days on Market

Features

General

Living Area 9437

Heating None

Cooling None

Zoning LBR2N

Year Built 1946

Levels Multi/Split

Gross Income 319140

County Los Angeles

Net Operating Income 221198

New Construction false

Property Type Residential Income

HOA false

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Along Chestnut Ave between W 19th St and 20th St

City Long Beach

Senior Community Y/N false

Number Of Units Total 14

MLS Area 5 - Wrigley Area

Lot Size Units Square Feet

Lot Size Square Feet 8147

Standard Status Active

Cap Rate 7.08

Interior

Total Stories 0

Air Conditioning Y/N false

Heating Y/N false

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 14

Total Baths 14

Exterior

Parking Features Driveway

Total Parking 14

Lot Size Area 8147

Number of Buildings 1

Building Area Total 9437

Lot Dimensions 50x163

Lot Size Acres 0.187

* Excluded Features

List By

Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

taylor@lyonstahl.com

Affordability Calculator

$19,732

Per Month

Monthly Principal & Interest: $19,732
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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 ^$1,952,419

Percent of Sale Price 38%

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
9/22/2026	$3,125,000		Listed Price

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1940 Chestnut Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $3,125,000 with 9,437 sqft and a lot size of 0.187. 1940 Chestnut Avenue has 14 bedrooms, 2.0 baths, and was built in 1946. 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 6.49% 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 10/6/2026. 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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1940 Chestnut Avenue

Multi-Family Home for sale in Long Beach, CA

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