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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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1885 Chestnut Avenue Long Beach, CA 90806
$1,899,000 0 beds, 0 baths
0 sqft
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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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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
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: 4/29/2025

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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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Listing Agent: Branden Chhuor
Lic#: 01801928
Office Name: Sherman Oaks

Area Map

Nearby Schools

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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