Recently Viewed Properties
See This Home
Save This Listing
Close

$3,250,000

  • Sold
  • Closed
  • Multi-Family
See This Home
Save This Home
See This Home
Save This Home
$400,000 PRICE REDUCTION! ATTENTION INVESTORS and 1031 EXCHANGE BUYERS! POTENTIAL: Premium custom built with excellent floor plans, 12 units in the coastal city of Long Beach. Close to downtown, schools, memorial hospital, shopping and entertainment areas, close to Metro Line, 405 and 710 freeways. Building has over 10,000 sq ft of livable area over its 12 units. Here are 10 reasons why this can be the best investment in Long Beach! 1. More than 56% rental increase potential giving 6.7% Cap Rate (absentee owners). 2. Largest sq ft per unit in the area. 3. Lowest price per sq ft on sold or listed similar properties. 4. Fully secured and gated, with covered 19 car garage (3 uncovered spots). 5. Beautifully large 12 units, with 9 units 2B/2Ba, 1 unit 2B/1B and only 2 units 1B/1Ba. 6. On-site laundry. 7. Most units maintained well & remodeled (see supplement for details). 8. Custom built in 1987 and well maintained (not the 1930's and 40's). 9. Covered balconies, with some having awesome city views. 10. Extremely desirable and low vacancy rental area. Particularly because of secured and covered parking. Excellent 1031 Exchange property for investors who want to become an owner in this city, which currently has over $8B in development occurring. SUBJECT PROPERTY IS A 1031 EXCHANGE, NEW PROPERTIES ARE IDENTIFIED.

Full Property Details for 1918 Chestnut Ave

General

  • Sold For: $3,250,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC22247751
  • Added to Site: 1, 224 day(s) ago

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 19

Location

  • Area: 5 - Wrigley Area
  • County: Los Angeles
  • Development Name: 5 - Wrigley Area
  • Driving Directions: From 405 Freeway, take 710 Freeway South, continue onto PCH (Hwy 1) and make a left onto Chestnut Ave.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 12
  • # Electric Meters: 12

Structural Information

  • Architectural Style: Contemporary
  • Roof: Composition, Shingle
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 10,560
  • Year Built: 1987

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 10

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 11

  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 12

  • Total Bathrooms: 2
  • Bedrooms: 2

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.1871
  • Lot Size Source: Estimated
  • Zoning: LBR2N
  • Lot Description: 11-15 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $307.77
  • Price Per Unit: 299917

Listed by Pridemark Group, Mike Sadeghi
Sold by BRC Advisors BH, Avinash Narang

Listing agent

— 1918 Chestnut Ave —

  • Mike Sadeghi

    Pridemark Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1918 Chestnut Ave

School District:Long Beach Unified School District
NameGradesDistance
Lafayette Elementary School, Long Beach, CA
2445 Chestnut Avenue, Long Beach, CA 90806
K-50.6 mi
Washington Middle School, Long Beach, CA
1450 Cedar Avenue, Long Beach, CA 90813
6-80.5 mi
Cabrillo High School, Long Beach, CA
2001 Santa Fe Avenue, Long Beach, CA 90810
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1918 Chestnut Ave

Date
Details
Price
Change
Source
8/22/2023
Sold
$3,250,000
-9.7%
MLS
3/10/2023
Price Reduced
$3,599,000
-10%
MLS
11/29/2022
Listed
$3,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Pridemark Group, Mike Sadeghi
Sold by BRC Advisors BH, Avinash Narang

Just Listed near 1918 Chestnut Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3009 E Pacific Coast, Signal Hill, CA 90755 - Photo 1 Just Listed
$719,900
Open House

3009 E Pacific Coast  Signal Hill, CA 90755

  • Condo
  • Active
  • Updated 17 hours ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,630
    Sq. Ft.
Listed by Jennifer Matsumoto (CalRE#: 01802878) (949) 502-1036
2669 Lime, Signal Hill, CA 90755 - Photo 1 Just Listed
$1,450,000

2669 Lime  Signal Hill, CA 90755

  • Multi-Family
  • Active
  • Updated 3 days ago
2661 Lime Ave, Signal Hill, CA 90755 - Photo 1 Just Listed
$1,450,000

2661 Lime Ave  Signal Hill, CA 90755

  • Multi-Family
  • Active
  • Updated 3 days ago
2101 E 21st, Signal Hill, CA 90755 - Photo 1 Just Listed
$565,000

2101 E 21st  #113  Signal Hill, CA 90755

  • Condo
  • Active
  • Updated 14 hours ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,171
    Sq. Ft.

Price Reduced near 1918 Chestnut Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

13265 Del Monte Dr M12-35E, Seal Beach, CA 90740 - Photo 1 Price Reduced
-$14,000 (-3.79%)
$355,000

13265 Del Monte Dr M12-35E  Seal Beach, CA 90740

  • Co-op
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 750
    Sq. Ft.
1661 Monterey, Seal Beach, CA 90740 - Photo 1 Price Reduced
-$14,000 (-5.2%)
$255,000

1661 Monterey  #16-D  Seal Beach, CA 90740

  • Co-op
  • Active
  • Updated 6 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 600
    Sq. Ft.
4672 Ironwood, Seal Beach, CA 90740 - Photo 1 Price Reduced
-$25,000 (-1.69%)
$1,450,000
Open House

4672 Ironwood  Seal Beach, CA 90740

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 2
    Total Baths
  • 1,642
    Sq. Ft.
739 W 2nd, San Pedro, CA 90731 - Photo 1 Price Reduced
-$25,000 (-2.04%)
$1,200,000 -
$1,220,000
Open House

739 W 2nd  San Pedro, CA 90731

  • Single Family
  • Active
  • Updated 6 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,088
    Sq. Ft.

Recent Sales near 1918 Chestnut Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

636 Linden Ave, Long Beach, CA 90802 - Photo 1 Sold
$3,005,000

636 Linden Ave  Long Beach, CA 90802

  • Multi-Family
  • Closed
4275 Country Club Dr, Long Beach, CA 90807 - Photo 1 Sold
$3,424,000

4275 Country Club Dr  Long Beach, CA 90807

  • Single Family
  • Closed
  • 4
    Beds
  • 6
    Total Baths
  • 4,368
    Sq. Ft.
4294 Country Club, Long Beach, CA 90807 - Photo 1 Sold
$3,200,000

4294 Country Club  Long Beach, CA 90807

  • Single Family
  • Closed
  • Updated 4 days ago
  • 4
    Beds
  • 5
    Total Baths
  • 6,073
    Sq. Ft.
1917 E 4th, Long Beach, CA 90802 - Photo 1 Sold
$3,060,000

1917 E 4th  Long Beach, CA 90802

  • Multi-Family
  • Closed

1918 Chestnut Avenue, Long Beach, CA 90806 (MLS# OC22247751) is a Multi-Family property that was sold at $3,250,000 on August 22, 2023. Want to learn more about 1918 Chestnut Avenue? Do you have questions about finding other Multi-Family real estate for sale in Wrigley Area? You can browse all Wrigley Area real estate or contact a Coldwell Banker agent to request more information.