$2,050,000 - 1871 Chestnut Avenue, Long Beach

  • 0Beds
  • Baths
  • 6,660SQ. Feet
  • 0.17Acres

1871 Chestnut Avenue is a value-add property with +/-17% rental upside potential. The building features spacious floor plans with natural light, six garages for extra income and on-site laundry facilities. The building has a desirable unit mix of 8 one bedroom, one bath units and 2 two bedroom, one bath units. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. There are exciting new developments taking place within just a few blocks of the subject property.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19129351
  • Price:$2,050,000
  • Bathrooms:0.00
  • Square Footage:6,660
  • Acres:0.17
  • Year Built:1964
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:1871 Chestnut Avenue
  • Area:Wrigley Area (5)
  • Subdivision:Wrigley Area (WR)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90806


  • Parking Spaces:6
  • # of Garages:6


  • # of Stories:2
  • Stories:Two


  • Lot Description:6-10 Units/Acre

Additional Information

  • Date Listed:June 3rd, 2019
  • Days on Market:53
  • Zoning:LBR2N

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Wrigley Area (wr)

  • City:
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  • Price Range:
    $519,900 - $2,050,000
  • Current Listings:
  • HOA Dues:
  • Average Price per Square Foot:

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Provided By: Robert Stepp(01456379), Keller Williams Pacific Estate.

Based on information from California Regional Multiple Listing Service, Inc. as of October 22nd, 2019 at 7:19am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.