1885 Chestnut Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated payment $9,987/month
Highlights
- All Bedrooms Downstairs
- No HOA
- Living Room
- Traditional Architecture
- Double Pane Windows
- Laundry Room
About This Home
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.
Listing Agent
Compass Brokerage Phone: 213-536-9669 License #01948722 Listed on: 04/24/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1944 | Remodeled
Lot Details
- 7,487 Sq Ft Lot
- No Common Walls
- East Facing Home
- Block Wall Fence
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
- Parking Available
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
Interior Spaces
- 6,523 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Panel Doors
- Living Room
- Window Bars
- Gas Oven
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 17 Bedrooms
- All Bedrooms Down
- All Upper Level Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Central Heating
- Overhead Utilities
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 4 / B
- Tax Tract Number 1
- Assessor Parcel Number 7209028007
- $1,515 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $12,000
- Fuel Expense $5,000
- Gardener Expense $1,200
- Insurance Expense $14,000
- Other Expense $5,000
- New Taxes Expense $25,700
- Net Operating Income $137,709
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,330 | $639,651 | $214,341 | $425,310 |
| 2024 | $9,330 | $627,110 | $210,139 | $416,971 |
| 2023 | $9,165 | $614,815 | $206,019 | $408,796 |
| 2022 | $8,638 | $602,761 | $201,980 | $400,781 |
| 2021 | $8,421 | $590,943 | $198,020 | $392,923 |
| 2019 | $8,302 | $573,418 | $192,148 | $381,270 |
| 2018 | $7,978 | $562,176 | $188,381 | $373,795 |
| 2016 | $7,784 | $540,348 | $181,067 | $359,281 |
| 2015 | $7,044 | $532,233 | $178,348 | $353,885 |
| 2014 | $7,620 | $521,808 | $174,855 | $346,953 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | Pending | -- | -- | -- |
| 04/24/2026 04/24/26 | For Sale | $1,725,000 | 0.0% | $264 / Sq Ft |
| 09/04/2025 09/04/25 | Off Market | $2,250 | -- | -- |
| 05/19/2025 05/19/25 | Price Changed | $2,250 | -7.2% | $2 / Sq Ft |
| 05/17/2025 05/17/25 | Price Changed | $2,425 | -4.9% | $2 / Sq Ft |
| 05/01/2025 05/01/25 | For Rent | $2,550 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26088839
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Based on information from California Regional Multiple Listing Service, Inc. 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
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