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.
AGENT: Branden Chhuor LISTING BROKERAGE: Compass
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1885 Chestnut AV
Long Beach, CA
Property Details
Price:
$1,725,000
MLS #:
PW26088839
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
Wrigley Area WR
Neighborhood:
5wrigleyarea
Listed Date:
Apr 24, 2026
Total Sq Ft:
6,523
Lot Size:
7,487 sqft / 0.17 acres (approx)
Year Built:
1944
Traditional5 – Wrigley Area5wrigleyareaWrigley Area WrNone
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Schools
Interior
Appliances
GO
Cooling
NO
Flooring
LAM, VINY
Heating
CF
Interior Features
CF
Laundry Features
AR, CM
Levels
U
Exterior
Accessibility Features
NO
Architectural Style
TRD
Common Walls
NCW
Community Features
SDW
Construction Materials
DWAL
Direction Faces
E
Fencing
BW
Garage Spaces
4
Parking Spots
4
Parking Total
4
Roof
SHN
Security Features
WB
Spa Features
NO
View
NO
Window Features
DPW
Financial
Net Operating Income
$137,709
Map
Community
- Address1885 Chestnut AV Long Beach CA
- SubdivisionWrigley Area (WR)
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
