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14 Beds
14 Baths
9,437 sqft

$3,125,000

1940 Chestnut Avenue, Long Beach CA, 90806

Price per sqft$331.14
Built in1946
Property size9,437 sqft
Property typeResidential
Listed by Taylor Avakian CA DRE# 02060040 with Lyon Stahl Investment Real Estate, Inc. 916-996-4421

Overview

Active

Listed Aug 20, 2026

Updated 9 days ago

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.

$20,791/mo

Est. mortgage payment based on a $3,125,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26901565

Interior Features

Bedrooms
14
Bathrooms
14
Basement
No

Exterior Features

Lot Size
0.19 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Taylor Avakian CA DRE# 02060040 with Lyon Stahl Investment Real Estate, Inc. 916-996-4421

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/23/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/23/2026 at 6:36 AM UTC Last Checked: 6:36 AM UTC

 

 

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