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1885 Chestnut AvenueLong Beach, CA 90806

For Sale

$1,725,000

Smart Buyer Rebate $17,250

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.

Listed by Branden Chhuor

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License #01948722

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Compass

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213-536-9669

Last updated April 24, 2026

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Source: CRMLS #PW26088839

Listing Facts

  • TypeMulti-family
  • NeighborhoodSouth Wrigley
  • Days on Prevu6

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

04/24/2026
Listed by Compass
$1,725,000

Property Details for 1885 Chestnut Avenue

Association

Amenities

  • Community Features: Sidewalks

Exterior

Construction

  • Number Of Units Total: 8
  • Property Condition: Updated/Remodeled
  • Roof: Shingle
  • Stories: 2
  • Stories Total: 2
  • Window Features: Double Pane Windows
  • Year Built: 1944
  • Architectural Style: Traditional
  • Common Walls: No Common Walls
  • Construction Materials: Drywall
  • Entry Level: 1
  • Entry Location: Street

Features

  • Direction Faces: East
  • Fencing: Block
  • Road Frontage Type: City Street

Measurements

  • Building Area Total: 6,523
  • Building Area Units: Square Feet
  • Lot Features: 6-10 Units/Acre
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,487
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,487
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.0
  • Operating Expense: $59,123.00

Taxes

  • Parcel Number: 7209028007

Interior

Features

  • Appliances: Gas Oven
  • Flooring: Laminate, Vinyl
  • Interior Features: Ceiling Fan(s), All Bedrooms Up, All Bedrooms Down

Other

Location

  • Subdivision Name: Wrigley Area (WR)
  • Tax Block: B
  • Tax Lot: 4

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Parking Features: Garage
  • Parking Total: 4

Utilities

Equipment

  • Electric: Standard
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Overhead Utilities
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1885 Chestnut Avenue.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 1885 Chestnut Avenue.

How does 1885 Chestnut Avenue compare to other multi-family homes in South Wrigley?

This multi-family home is listed 2% below the average price for multi-family homes in South Wrigley and has been on the market for 52 less days than the typical home in this area.

1885 Chestnut Avenue is a -bedroom multi-family home for sale in Long Beach CA 90806. On Prevu for 6 days at $1,725,000. This property is located in South Wrigley. The median listing price for multi-family homes in this area is $1,037,500. The home offers parking. Explore more multi-family home listings in Long Beach.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.