1750 Chestnut ave, Long Beach, CA 90813
Active
$1,150,000
4 Units
9 Beds
4 Baths
2,927 Area(sq.ft.)
Lot: 7,504 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,077 | $ 2,077 | $ 2,252 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,800 | $ 1,800 | $ 2,252 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,705 | $ 1,705 | $ 2,252 |
| Unit 4 | 1 | 3 | 1 | No | $ 2,480 | $ 2,480 | $ 2,618 |
| 4 | 9 | 4 | $ 8,062 | $ 8,062 | $ 9,374 |
| MLS #: | IG25068051MR |
| Days On Market: | 24 |
| Listing Date: | March 28, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 393 |
| Price per unit: | $ 287,500 |
| Year Built: | 1937 |
Property Details
Located in the heart of Long Beach s Washington neighborhood an established rental market with strong tenant demand 1750 Chestnut Ave presents a unique opportunity to own a well-positioned, income-producing fourplex with excellent functionality and strong cash flow potential. Public records reflect a 5-bedroom, 4-bathroom building, but the property is currently configured as 9 bedrooms and 4 bathrooms across four units, maximizing use of space and rental flexibility. The existing unit mix includes three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Each unit is assigned one garage space within a 5-car garage structure located separately from the living units. The property also features a code-access gate for added security and a common laundry room with coin-operated machines, providing additional income. This is an outstanding opportunity for value-driven investors to acquire a well-located, high-demand asset with strong in-place income and long-term upside. Properties offering this level of flexibility, security, and tenant appeal rarely come to market don t miss your chance to add a solid performer to your portfolio.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 93,047 |
| Total Annual Expense: | $ 25,756 |
| Net Operating Income: | $ 72,188 |
| Cap Rate: | 6.87% |
| Gross Rent Multiplier: | 10.72 |
| Actual Gross Rent: | $ 8,062 |
Structure
| Community Features: | Sidewalks, Storm Drains, Street Lights |
| Security Features: | Card/Code Access |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LBR4N |
| Land Lease Type: | Fee |
| Parking Garage: | Public |
Interior
| Laundry: | Community, Laundry Area |
| Laundry Equipment: | Own |
| Laundry Income: | 100.00 |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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