Property Detail

1885 Chestnut

Long Beach CA 90806

$1,725,000

Status: Active

Property Details

Description

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.

Map Location

Listing provided courtesy of Branden Chhuor of Compass. Last updated 2026-05-03 08:19:08.000000. Listing information © 2026 CRMLS.

John Collins

John Collins

DRE# 01948188
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