1885 Chestnut Ave

8
Baths
6,523 Sq. Ft.
$264 / Sq. Ft.
6,523
Sq. Ft.
$264
per Sq. Ft.

Description

Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 8-unit updated complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Five (5) units have been tastefully remodeled in past 2 years with a NEWER roof and newer water heater. Newer sewer line under the structure and currently getting new electrical work done. Has great potential rental upside,...Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 8-unit updated complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Five (5) units have been tastefully remodeled in past 2 years with a NEWER roof and newer water heater. Newer sewer line under the structure and currently getting new electrical work done. Has great potential rental upside, Gross annualize rent is $198,000 per year. There’s 4 individual garages, laundry room, & spacious courtyard.

Listing Agent

  1. Branden Chhuor

    Branden Chhuor

    Listing Agent

    Compass

    DRE #01948722

    branden.c@compass.com

    P: (213)-536-9669

Property Details for 1885 Chestnut Avenue

Architectural Style
Traditional
View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 05/01/2026 08:09 AM

Property Details for 1885 Chestnut Avenue

StatusPending
MLS #PW26088839
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1944
CountyLos Angeles County

Location

Listing Courtesy of Compass, Branden Chhuor, DRE #01948722
Add your commute

Building Information for 1885 Chestnut Avenue

Building/Complex1885 Chestnut AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1944Building Size-

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$9,500 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,686

Property Taxes

$814

HOA Dues

$0

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Property Information for 1885 Chestnut Avenue

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $198,156
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $137,709
  • Number Of Rented Garages: 4
  • Garage Rental Rate: $60
  • Garage Income: $2,160
  • Laundry Income: $2,000
  • Gross Multiplier: 8.71
  • Cap Rate: 7.0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $59,123
  • New Taxes Expense: $25,700
  • Gardener Expense: $1,200
  • Cable TV Expense: $0
  • Fuel Expense: $5,000
  • Licenses Expense: $370
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $12,000
  • Insurance Expense: $14,000
  • Maintenance Expense: $0
  • Maintenance Percent: .00%
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $5,000
  • Other Expense Description: Repairs
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Supplies Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 1
  • Tax Census Tract: 5730.04
  • CFD/Mello-Roos Fee: $1,515
  • Tax Lot: 4
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
  • Community: Wrigley Area (WR)
Property / Structure Info
Interior Features
  • Appliances: Gas Oven
  • Equipment: Community, Laundry Area
  • Interior Features: Ceiling Fan(s)
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Down, All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Community, Common Area
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Vinyl, Laminate
  • Flooring: Vinyl, Laminate
Exterior Features
  • Door Features: Panel Doors
  • Window Features: Double Pane Windows
  • Security Features: Window Bars
  • Security: Security Bars
  • Construction Materials: Drywall Walls
  • Roof: Shingle
  • Entry Location: Street
  • Fence: Yes
  • Fencing: Block
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Utilities - Overhead, 6-10 Units/Acre
  • Direction Faces: East
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Wrigley Area
  • Builders Tract Code: Wrigley Area (WR)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 8
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 5
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,060
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 7
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 6
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,223
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,239
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 10

Property History for 1885 Chestnut Avenue

DateEvent & SourcePriceAppreciation
May 1, 2026

Pending

CRMLS #PW26088839

—
Apr 27, 2026

Pending

CLAW #PW26088839MR

—
Apr 27, 2026

Pending

SDMLS #PW26088839

—
DateEvent & SourcePrice
05/01/2026

Pending

CRMLS #PW26088839

—
04/27/2026

Pending

CLAW #PW26088839MR

—
04/27/2026

Pending

SDMLS #PW26088839

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1885 Chestnut Avenue

Taxable ValueLand$214,341Additions$425,310Total$639,651
Tax Record2025$9,770 ($814 / month)
Home Facts
Total Finished SqFt6,523 SqFtAbove Grade Finished SqFt6,523 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1944ZoningLBR2NCountyLOS ANGELESAPN7209-028-007

Schools near 1885 Chestnut Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lafayette Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Branden Chhuor, DRE #01948722

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.