1885 Chestnut Avenue, Long Beach, CA 90806 - Berkshire Hathaway HomeServices California Properties

1885 Chestnut Avenue, Long Beach, CA 90806

$1,899,000 Approx. USD 0 beds, 0 baths

Listing Agent


Branden Chhuor | b.chhuor@gmail.com
Lic#: 01948722
Broker: Courtesy of Compass

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Pending
MLS# PW25018988
List price is $1,899,000 Reduced by $51,000 on 2/18/2025
Price: $1,899,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1944
2 stories
0.17 acres
Lot size: 0.1719
Subdivision: Wrigley Area (WR)
County: Los Angeles
Zoning: LBR2N
Interior features: Multiple Staircases,All Bedrooms Up,All Bedrooms Down
Appliances: Gas Range
Parking description: Assigned
Lot description: ZeroToOneUnitAcre
Heating/cooling: None
Heating description: Central
MLS area: 5 - Wrigley Area

Last Updated: 5/30/2025

 Days On Market (DOM): 59

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This listing belongs to the 5 - Wrigley Area MLS area

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Lat/Long: 33.791383, -118.196733.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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