$2,025,000
$2,050,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
7,470 Sqft Lot
SOLD DATE : 06/27/2026
Key Details
Sold Price $2,025,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW19129351
Sold Date 06/27/26
HOA Y/N No
Year Built 1964
Lot Size 7,470 Sqft
Property Description
1871 Chestnut Avenue is a value-add property with +/-17% rental upside potential. The building features spacious floor plans with natural light, six garages for extra income and on-site laundry facilities. The building has a desirable unit mix of 8 one bedroom, one bath units and 2 two bedroom, one bath units. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. There are exciting new developments taking place within just a few blocks of the subject property.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR2N
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7209028009
Energy Description 1625.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Matthew Mahowald Buckingham Investments, Inc
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