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1940 Chestnut Avenue, Long Beach
$2,775,000
14 Beds ⋅ 14 Baths ⋅ 26901565 MLS ⋅ Active Status
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 County's most durable rental submarkets. The property features a (10) 2+1 / (2) Studio / (2) 3+2 unit mix averaging 723 SF with separately metered electric - a cost-efficiency advantage in this dense urban environment. Twelve units are currently occupied and eleven of twelve occupied units are below market, with 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 $2,775,000 ($198,214/unit | $294.06/SF) with an 8.13% current cap rate, the real story is what's underneath - an 8.74% pro forma cap and $16,905 in incremental annual NOI as rents mark to market through straightforward execution with no renovation required.

1940 Chestnut Avenue, Long Beach

323 E Dayman Unit 3, Long Beach
$499,000
3 Beds ⋅ 2 Baths ⋅ OC26183042 MLS ⋅ Active Status
Price Improvement ~ Price Improvement ~ Seller is open to credits toward an interest rate buydown with a strong offer. Welcome to this beautifully updated 3-bedroom, 2-bath condo offering a bright, spacious, and inviting place to call home. The open-concept layout features an expansive kitchen that flows seamlessly into the living and dining areas, creating an ideal space for everyday living and entertaining. Tall ceilings and abundant natural light give the home an airy, open feel, while large windows showcase beautiful views of lush trees and the peaceful courtyard. The well-designed floor plan provides comfortable living spaces and three bedrooms, offering flexibility for guests, a home office, or additional living needs. Enjoy the convenience of an inside laundry area, along with a private 1-car garage providing convenient parking and additional storage. Beautifully updated and thoughtfully laid out, this condo combines generous living spaces, natural beauty, and everyday convenience—an inviting opportunity to enjoy comfortable Southern California living. Do not miss out on this opportunity ~ Your New Home Awaits!

323 E Dayman Unit 3, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.

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