$2,600,000
2175 Chestnut, Long Beach CA 90806
Multi-Family (14 Units)
Property type
220 days
On market
$319
Price per sqft
5 cars
Garage
1929
Year built
6,534 sqft
Lot size
Open Houses
Overview
We are pleased to present 2175 Chestnut Avenue, located in Long Beach, California. This 2-story, 14-unit multifamily building was originally built in 1929 and represents an excellent value-add opportunity in the desirable South Wrigley neighborhood of Long Beach. The total building area is approximately 8,154 square feet, situated on a 6,470 square-foot parcel. The unit mix...
Listing provided by: Kevin King DRE #01158184, Marcus & Millichap
Listing updated: Mar 30, 2026 at 03:39pm.
Last checked: Jun 5, 2026 at 12:31am
Source: CRMLS #PW25248922
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 14 | 0 | 1 | — | $1,383 | $19,360 | $21,700 | Unfurnished |
# of Buildings: 1
# of Units Total: 14
Separate Electric Meters: 15
Separate Gas Meters: 0
Separate Water Meters: 2
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.2x
List Price / Annual Gross Rent
Cap Rate
5.79%
NOI / List Price
Gross Scheduled Income: $232,320
Operating Expense: $70,920
Net Operating Income: $158,795
Annual Operating Expenses
Electric: $3,674
Gardener: $960
Fuel: $3,674
Insurance: $10,066
Maintenance: $2,580
New Taxes: $31,070
Professional Management: $9,720
Trash: $3,674
Water / Sewer: $3,674
Other Expense: $1,828
Interior
Laundry: None
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: One Common Wall
Lot Features: Eleven To Fifteen Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 5
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7205026015
Additional Parcels: No
Tax Lot: 15
Tax Block: 2
Subdivision: South Wrigley
Community
Senior Community: No
Community Features: Biking, Curbs, Sidewalks
Nearby Schools
Nearby schools around the 2175 Chestnut, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,080,000
Total Interest
$2,652,925
Total Payment
$4,732,925
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,005
per month
Property History for 2175 Chestnut
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
Similar Homes
Listings with similar prices to 2175 Chestnut