2472 Chestnut Avenue Long Beach, CA $ 1,150,000
2472 Chestnut Avenue
$ 1,150,000
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2472 Chestnut Avenue

Long Beach, CA, 90806
$ 1,150,000
Baths1.0 Sq 2,600

Monthly Estimate*

$ 7,261

Listed by Seven Gables Real Estate
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,150,000 with 1 full bath. This 2,600 square foot home was built in 1931 on a lot size of 0.1487.

Classic Spanish style, great character, and a smart income-property setup! This attractive four-unit property blends vintage Long Beach charm with several meaningful updates, including copper plumbing throughout with updated pressure lines, interior valves, and main water line, plus updated ABS waste lines serving all four units. Each unit offers a surprisingly spacious 1-bedroom floor plan with a separate den/dining area, giving tenants valuable extra space for a home office, dining room, or flexible living area. The rear unit gets an added bonus with its own private backyard. Practical features add to the appeal with all units separately metered for utilities, two garages, two additional off-street parking spaces, a dedicated laundry room with coin-operated machines, and automatic irrigation throughout the grounds. A sharp, character-filled fourplex with functional layouts, desirable tenant amenities, and plenty of long-term potential.

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Multi-Family Active

Price

$ 1,150,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1487

Year Built

1931

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

CV26186409

Days on Market

11

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow
Roof Rolled/Hot Mop Spanish Tile
Appliances Gas Range Refrigerator Water Heater
Zoning LBR1N
HOA Fee 0
Garage Spaces 2
Architectural Style Spanish
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Year Built 1931
Electric Standard
Tenant Pays Cable TV Electricity Gas
View None
Stories Count 1
Levels One
Property Subtype Quadruplex
Gross Income 85000
Community Features Curbs Dog Park Park Street Lights Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 56315
Operating Expense 27385
Insurance Expense 3000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 6000
Subdivision Name Wrigley Area (WR)
Facing Direction Northwest
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From I-710 exit Pacific Coast Hwy and head east. Turn left on Magnolia Ave right on W 25th St then left on Chestnut Ave. Property is on Chestnut Ave.
City Long Beach
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 4
MLS Area 5 - Wrigley Area
Lot Size Units Square Feet
Lot Size Square Feet 6479
Number of Units Leased 4
Listing Terms Cash Conventional Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Current Financing Conventional
Fuel Expense 0
Property Condition Updated/Remodeled
Trash Expense 0
Water Sewer Expense 3120
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 6
Total Actual Rent 6920
Property Sub Type Additional Quadruplex
Taxes 14300
Cap Rate 4.9
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Interior
Interior Amenities Ceiling Fan(s) Unfurnished All Bedrooms Down Galley Kitchen
Flooring Carpet Vinyl Wood
Fireplace Features None
Total Stories 1
Common Walls 2+ Common Walls No One Above No One Below
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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Exterior
Fencing Average Condition Block Wood
Parking Features Driveway
Lot Features Back Yard Near Public Transit
Water Source Public
Total Parking 4
Lot Size Area 6479
Foundation Details Raised
Number of Buildings 2
Spa false
Building Area Total 2600
Lot Dimensions 48' x 134'
Lot Size Acres 0.1487
Road Surface Type Paved
Private Pool false
Lot Size Source Public Records
Pool Charge 0
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type City Street
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* Excluded Features
List By
Seven Gables Real Estate

Broker

Jack@RealtorJack.com

Email

Affordability Calculator

$7,261
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Monthly Principal & Interest
$7,261
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/27/2026$1,150,000 Listed Price

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2472 Chestnut Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,150,000 with 2,600 sqft and a lot size of 0.1487. 2472 Chestnut Avenue is a studio with 1.0 baths and was built in 1931. The property's zip code is 90806 which is in Long Beach, CA