1885 Chestnut Avenue Long Beach, CA $ 1,725,000
1885 Chestnut Avenue
$ 1,725,000
Recently Listed
Share Save

1885 Chestnut Avenue

Long Beach, CA, 90806
$ 1,725,000
Baths1.0 Sq 6,523

Monthly Estimate*

$ 10,621

Listed by Compass
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 1
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 2
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 3
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 4
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 5
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 6
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 7
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 8
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 9
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 10
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 11
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 12
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 13
1885 Chestnut Avenue, Long Beach, CA 90806 - Image 14
Studio

Multi-Family Home for sale in Long Beach, CA

for $1,725,000 with 1 full bath. This 6,523 square foot home was built in 1944 on a lot size of 0.1719.

Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 8-unit updated complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Five (5) units have been tastefully remodeled in past 2 years with a NEWER roof and newer water heater. Newer sewer line under the structure and currently getting new electrical work done. Has great potential rental upside, Gross annualize rent is $198,000 per year. There’s 4 individual garages, laundry room, & spacious courtyard.

See more

Multi-Family Active

Price

$ 1,725,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1719

Year Built

1944

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26088839

Days on Market

5

Features
General
Sewer Public Sewer
Heating Central
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Overhead Utilities
Possession Close Of Escrow
Roof Shingle
Appliances Gas Oven
Zoning LBR2N
HOA Fee 0
Garage Spaces 4
Architectural Style Traditional
Pool Features None
Security Features Window Bars
Construction Materials Drywall
Year Built 1944
Electric Standard
Tenant Pays None
View None
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 0
Community Features Sidewalks
Accessibility None
County Los Angeles
Net Operating Income 137709
Operating Expense 59123
Insurance Expense 14000
New Construction false
Property Type Residential Income
HOA false
Contingency None
MaintenanceExpense 0
Subdivision Name Wrigley Area (WR)
Facing Direction East
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Corner of Chestnut & PCH
City Long Beach
Entry Location Street
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 8
MLS Area 5 - Wrigley Area
Lot Size Units Square Feet
Lot Size Square Feet 7487
Carport Spaces 0
Number of Units Leased 7
Listing Terms Cash to New Loan Conventional
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 12000
Current Financing Conventional
Fuel Expense 5000
Property Condition Updated/Remodeled
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 4
Total Actual Rent 15072
Property Sub Type Additional Apartment
Taxes 25700
Cap Rate 7
See more
Interior
Interior Amenities Ceiling Fan(s) All Bedrooms Up All Bedrooms Down
Flooring Laminate Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
See more
Exterior
Fencing Block
Parking Features Garage
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 7487
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 6523
Lot Size Acres 0.1719
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features Panel Doors
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7
Road Frontage Type City Street
See more
* Excluded Features
List By
Compass

Broker

b.chhuor@gmail.com

Email

Affordability Calculator

$10,621
Per Month
100%
0%
0%
Monthly Principal & Interest
$10,621
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2026$1,725,000 Listed Price

Map


See all

1885 Chestnut Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,725,000 with 6,523 sqft and a lot size of 0.1719. 1885 Chestnut Avenue is a studio with 1.0 baths and was built in 1944. The property's zip code is 90806 which is in Long Beach, CA