943 Chestnut AvenueLong Beach, CA 90813

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.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1919

Stories

2

Building area

4,344 Sq Ft

Lot size

0.17 acres

Lot dimensions

50x150

Parking spaces

6

Zoning

LBPD10

Days on market

35

MLS^® Listing#

SB26189366

Property Features

Appliances

Dryer · Washer

Cooling

Wall/Window Unit(s)

Heating

Natural Gas · Wall Furnace

Laundry

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

Fencing

Wood

Lot features

Back Yard · Front Yard · Level · Rectangular Lot

Construction

Stucco

Roof

Bituthene · Rolled/Hot Mop · Spanish Tile

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Community

Park

Utilities

Electricity Connected · Electricity Not Available · Natural Gas Available · Natural Gas Connected · Sewer Available · Sewer Connected · Water Available · Water Connected

Water source

Public

Financial Details

Annual taxes

$18,723Tax year 2025

Parcel number

7272010009

Directions

Building is located on the West side of Chestnut Avenue and just South of 10th Street in Long Beach