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Listed by: Taylor Avakian (916) 996-4421 DRE #02060040 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$3,125,000
Monthly Est:$15,554
14 Beds
14 Baths
9,437sqft
1940 Chestnut Ave, Long Beach, CA 90806
$3,125,000
$15,554/moEst:
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Multi Family
Built in 1946
$-- HOA
8,147 sqft lot
$331/sq.ft
Description
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 - a 7.62% pro forma cap and $16,904 in incremental annual NOI as two market-ready vacant units lease through straightforward execution with no renovation required.
- Houzeo last checked: 11 minutes ago
- Listing updated: September 22, 2026 at 9:53 pm
- Source: California Regional MLS-CA | MLS#: 26901565
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1946
HOA Fees
-
Finished Area
9,437 sqft
Lot Size
8,147 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26901565
MLS Status
Active
Days on Market
43
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 14
Interior
Cooling
None
Heating
None
Utilities & Energy
Parking Features
Driveway
Price History
| Date | Event | Price |
|---|---|---|
08/20/2026 Source: | Listed for Sale | $3,125,000 $331/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 10, 2026, 01:45PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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