2175 Chestnut Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated payment $15,228/month
About This Home
We are pleased to present 2175 Chestnut Avenue, located in Long Beach, California. This 2-story, 14-unit multifamily building was originally built in 1929 and represents an excellent value-add opportunity in the desirable South Wrigley neighborhood of Long Beach. The total building area is approximately 8,154 square feet, situated on a 6,470 square-foot parcel. The unit mix consists of fourteen (14) large studio units averaging ±585 square feet each. The property features new electric sub-panels and is separately metered for gas and electricity, helping to keep operating expenses low. There are also four parking spaces in the rear, which can generate additional income.
Listing Agent
Marcus & Millichap Brokerage Email: kking@marcusmillichap.com License #01158184 Listed on: 10/28/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 6,534 Sq Ft Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
Parking
- 5 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 8,154 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- Unit 1 Bedrooms: 0
- 1 Bathroom
Listing and Financial Details
- Legal Lot and Block 15 / 2
- Tax Tract Number 10243
- Assessor Parcel Number 7205026015
- $2,400 per year additional tax assessments
Community Details
Overview
- 14 Units
Recreation
- Bike Trail
Building Details
- Rent Control
- 15 Separate Electric Meters
- 2 Separate Water Meters
- Electric Expense $3,674
- Fuel Expense $3,674
- Gardener Expense $960
- Insurance Expense $10,066
- Maintenance Expense $2,580
- Other Expense $1,828
- Professional Management Expense $9,720
- Trash Expense $3,674
- Water Sewer Expense $3,674
- New Taxes Expense $31,070
- Operating Expense $70,920
- Gross Income $221,116
- Net Operating Income $150,596
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 | $20,721 | $1,498,442 | $940,886 | $557,556 |
| 2024 | $20,721 | $1,469,062 | $922,438 | $546,624 |
| 2023 | $20,347 | $1,440,257 | $904,351 | $535,906 |
| 2022 | $19,131 | $1,412,018 | $886,619 | $525,399 |
| 2021 | $18,691 | $1,384,333 | $869,235 | $515,098 |
| 2019 | $18,422 | $1,345,335 | $843,454 | $501,881 |
| 2018 | $17,935 | $1,318,997 | $826,916 | $492,081 |
| 2016 | $16,498 | $1,265,800 | $794,806 | $470,994 |
| 2015 | $15,863 | $1,246,788 | $782,868 | $463,920 |
| 2014 | $15,813 | $1,222,366 | $767,533 | $454,833 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | For Sale | $2,600,000 | -- | $319 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25248922
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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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