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Off market
    • $1,853,800

    1885 Chestnut Ave, Long Beach, CA 90806

    --beds
    --baths
    6,523sqft
    Multi Family
    Built in 1944
    -- sqft lot
    $1,853,800 Zestimate®
    $284/sqft
    $2,955 Estimated rent

    Owner options

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    $2,955/mo

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    $2,955/mo

    Rent Zestimate®

    Refinance and save

    $11,540/mo

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    $11,540/mo

    Est. payment

    What's special

    Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 7-unit plus 1 non-conforming remodeled unit complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Four (4) units have been tastefully remodeled to go along with a brand NEW roof and brand new water heater. Has great potential rental upside, while Cap Rate on current rents is at 7.60% and 8.8 GRM. There’s 4 individual garages, laundry room, & spacious courtyard.

    Zillow last checked: 8 hours ago

    Listing updated: May 29, 2025 at 04:28pm

    Source: CRMLS,MLS#: PW25018988MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • None
    Appliances
    • Included: Gas Range
    • Laundry: Common Area
    Features
    • Multiple Staircases, All Bedrooms Up, All Bedrooms Down
    • Flooring: Laminate, Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 6,523
    • Total interior livable area: 6,523 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned
    • Garage spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: East
    • Pool features: None
    • Spa features: None
    • Fencing: Wrought Iron
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,487 sqft
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 7209028007
    • Zoning: LBR2N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1944

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Long Beach
    • Subdivision: Wrigley Area (Wr)

    HOA & financial

    Other financial information
    • Total actual rent: 7

    Other

    Other facts
    • Listing terms: Cash to New Loan,Conventional
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    Estimated market value
    $1,853,800

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