1940 Chestnut Avenue
Long Beach, CA 90806
14
Bed
14
Bath
9,437Sqft
8,147Sqft(Lot)
1940 Chestnut Ave | 14-Unit Stabilized Multifamily in Long Beach. 1946-built asset totaling 9,437 SF on an 8,152 SF lot in an established residential corridor one block from major employment and transit corridors in one of Los Angeles' most durable rental submarkets. The property features a (10) 2+1 / (2) Studio / (2) 3+2 unit mix averaging 674 SF with separate utility metering - a cost-efficiency advantage in this dense urban environment. Twelve units are currently occupied and every occupied unit is below market, with in-place rents averaging $1,899.64/month against market rents of $2,003.57, and two units positioned to lease at market rate with zero capital expenditure. Offered at $3,125,000 ($223,214/unit | $331.14/SF) with a 7.08% in-place cap rate, the real story is what's underneath
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 14Bathroom Information
Total Baths: 14 -
Heating & Cooling
Heating: None Cooling: None
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Building Information
Year Built: 1946Building Area Total: 9437Private Pool: No
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Lot Information
Lot Dimensions: 50x163 Main Square Feet: 8147 Lot Size Acres: 0.187 Lot Size Square Feet: 8,147
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Listing Price Information
Listing Price: $3125000Original Price: $3200000
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Tax Information
Parcel Number: 7209026017
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Virtual Tour
Parking Information
Parking Total: 14 Driveway
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Location Information
Direction: Along Chestnut Ave between W 19th St and 20th St
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1211 E Leigh Court, Long Beach, CA, 90806 | $635,000 | 3 | 2 | 2,000 | 2,327 Sq. Ft |
| 1125 E Salt Lake Street, Long Beach, CA, 90806 | $585,000 | 2 | 1 | 850 | 5,207 Sq. Ft |
| 1019 E 21st, Long Beach, CA, 90806 | $720,000 | 3 | 2 | 1,225 | 3,244 Sq. Ft |
| 2174 Linden, Long Beach, CA, 90806 | $850,000 | 3 | 2 | 1,444 | 5,414 Sq. Ft |
| 1844 Atlantic Avenue, Long Beach, CA, 90806 | $1,100,000 | 5 | 5 | -- | 4,890 Sq. Ft |
| 400 E 21st, Long Beach, CA, 90806 | $615,000 | 3 | 1 | 887 | 2,298 Sq. Ft |
| 3133 Cedar Avenue, Long Beach, CA, 90806 | $984,997 | 3 | 2 | 1,417 | 5,402 Sq. Ft |
| 2129 Locust, Long Beach, CA, 90806 | $975,000 | -- | -- | 2,351 | 6,258 Sq. Ft |
| 3148 Magnolia, Long Beach, CA, 90806 | $1,139,000 | 4 | 4 | 2,106 | 5,512 Sq. Ft |
| 2240 Pine Avenue, Long Beach, CA, 90806 | $719,000 | 2 | 1 | 1,091 | 3,832 Sq. Ft |
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ByOwner last updated this listing 10/03/2026 @ 20:06
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