943 Chestnut AVE, Long Beach, CA 90813
943 Chestnut AVE, Long Beach, CA 90813
943 Chestnut AVE, Long Beach, CA 90813
943 Chestnut AVE, Long Beach, CA 90813
943 Chestnut AVE, Long Beach, CA 90813
943 Chestnut AVE, Long Beach, CA 90813
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Orlando Garcia

Orlando Garcia

+1(562) 413-7349
$ 1,550,000
Est. payment | /mo

7,505 Sqft Lot

Save
$ 1,550,000
Est. payment | /mo
Save

7,505 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26189366

HOA Y/N No

Year Built 1919

Annual Tax Amount $18,723

Tax Year 2025

Lot Size 7,505 Sqft

Lot Dimensions Assessor

Property Sub-Type Multi Family

Property Description

Welcome to 943 Chestnut Ave, a stunning multi-family income property in the heart of Long Beach, CA. Boasting an impressive 4,344 square feet of thoughtfully designed multi-residential living space on a spacious 7505SF rectangular lot with common driveway off of 10th Street. The property consists of six apartment units in two buildings, majority of tenants are paying market rent, offering an investor an established income stream from day one with an investment opportunity to acquire a stabilized multifamily asset without the immediate need to lease vacant units. Features 12 spacious bedrooms, 6 beautifully renovated kitchen and bathrooms offering ample space for comfortable living or investment opportunities. Inside, you'll find recently updated bathrooms and kitchens equipped with newer cabinetry, granite countertops, a gas stove, refrigerator, and a convenient breakfast bar for dining. The dual-pane windows fill the home with natural light, perfectly complementing the ceramic tile flooring in each apartment. The exterior of the property offers an array of inviting outdoor features, including a barbecue area, common patio, courtyard, terrace and Juliet viewing balcony. There are front patio areas and uncovered courtyard between the front and rear buildings provide additional space to relax and enjoy the both eastern and western exposure. Each unit has a wall heater and some units have window air conditioning units keeping the spaces cool and comfortable year-round. Convenience abounds with community laundry room onsite. This rare Long Beach gem combines functionality, style, and abundant amenities, making it an exceptional opportunity for multi-family living or as an investment property. Don't miss your chance to explore the potential of this mult-residential 6 unit commercial apartment building offering before it goes live to the open market next week! Conveniently located in Long Beach's 90813 area, the property provides access to Downtown Long Beach, shopping, dining, employment centers, public transportation and major transportation corridors. 943–949 Chestnut Avenue presents an opportunity to acquire or do a 1031 exchange to a fully occupied and maintained 6-unit income property with market-rate rents, historic architectural character, upgraded interiors, freshly painted exterior, on-site laundry and parking for six vehicles. Professionally Managed with a Local Property Management Company and Financials Available Upon Request.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD10

Interior

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Inclusions 6 Stoves and 3 Refrigerators, commercial washers and dryers

Fireplace No

Appliance Dryer, Washer

Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Fence Wood

Community Features Park

Utilities Available Electricity Connected, Electricity Not Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Roof Type Bituthene,Rolled/Hot Mop,Spanish Tile

Total Parking Spaces 6

Building

Lot Description Back Yard, Front Yard, Level, Near Park, Rectangular Lot, Street Level, Walkstreet, Yard

Story 2

Water Public

Others

Tax ID 7272010009

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Sam Xavier Coldwell Banker Realty 310-866-7598, DRE #01449986

Nearby Locations

Orlando Garcia

+1(562) 413-7349

ogarcia@realtygrouphs.com

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943 Chestnut AVE