Sold for $1,700,000

Listing Provided by: Compass

Bought with: Pacific Avenue Realty

Zestimate^®

$1,700,000

1885 Chestnut Ave, Long Beach, CA 90806

17beds

8baths

6,523sqft

Multi Family

Built in 1944

-- sqft lot

$1,700,000 Zestimate^®

$261/sqft

$2,307 Estimated rent

Home value

$1,700,000

$1.55M - $1.87M

$2,307/mo

Zestimate^® history

Owner options

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$2,307/mo

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$2,307/mo

Rent Zestimate^®

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$10,702/mo

Est. payment

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$10,702/mo

Est. payment

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What's special

Amazing prime investment opportunity. Well-maintained in a high demand rental area. 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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 17
Bathrooms: 8

Bedroom

Features: All Bedrooms Down

Bedroom

Features: All Bedrooms Up

Heating

Central

Cooling

None

Appliances

Included: Gas Oven
Laundry: Common Area

Features

Ceiling Fan(s), All Bedrooms Up, All Bedrooms Down
Flooring: Laminate, Vinyl
Doors: Panel Doors
Windows: Double Pane Windows
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: Garage
Garage spaces: 4

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Entry location: Street
Pool features: None
Spa features: None
Fencing: Block
Has view: Yes
View description: None

Lot

Size: 7,487 sqft
Features: 6-10 Units/Acre

Details

Parcel number: 7209028007
Zoning: LBR2N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family

Materials

Drywall
Foundation: Slab
Roof: Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1944

Utilities & green energy

Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Overhead Utilities

Community & neighborhood

Security

Security features: Window Bars

Community

Community features: Sidewalks

Location

Region: Long Beach
Subdivision: Wrigley Area (Wr)

HOA & financial

Other financial information

Total actual rent: 16767

Other

Other facts

Listing terms: Cash to New Loan,Conventional
Road surface type: Paved

Price history

Date	Event	Price
6/30/2026	Sold	$1,700,000-1.4%$261/sqft
Source: CRMLS #PW26088839 Report a problem
5/1/2026	Pending sale	$1,725,000$264/sqft
Source: CRMLS #PW26088839 Report a problem
4/24/2026	Listed for sale	$1,725,000$264/sqft
Source: CRMLS #PW26088839 Report a problem