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

1940 Chestnut Avenue

^$ 3,125,000

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1940 Chestnut Avenue

Long Beach, CA, 90806

^$ 3,125,000

Bedrooms-- Baths0.0 Sq 9,437

Monthly Estimate*

^$ 21,584

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Multi-Family Home for sale in Long Beach, CA

for $3,125,000. This 9,437 square foot home was built in 1946 on a lot size of 0.19.

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

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.19

Year Built

1946

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

0026901565

Features

General

Living Area 9437

Zoning LBR2N

Pool Features None

Year Built 1946

Levels Multi/Split

County Los Angeles

New Construction false

Property Type Residential Income

HOA false

Status Active

City Long Beach

Senior Community Y/N false

MLS Area 5 - Wrigley Area

Lot Size Units Square Feet

Lot Size Square Feet 8147

Standard Status Active

Interior

Total Stories 0

Air Conditioning Y/N false

Heating Y/N false

Total Baths 0

Exterior

Parking Features Driveway

Lot Size Area 8147

Foundation Details None

Building Area Total 9437

Lot Dimensions 50x163

Lot Size Acres 0.19

* Excluded Features

List By

Taylor Avakian

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

taylor@lyonstahl.com

Affordability Calculator

$21,584

Per Month

Monthly Principal & Interest: $21,584
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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 ^$1,979,019

Percent of Sale Price 37%

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

0 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 0.19. 1940 Chestnut Avenue has 0.0 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 7.375% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 9/22/2026. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1940 Chestnut Avenue

Multi-Family Home for sale in Long Beach, CA

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