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943-949 Chestnut Ave
Long Beach, CA 90813 Downtown Long Beach

$1,550,000 USD

Apartments For Sale  •  4,344 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,344 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1919
  • Cap Rate 6.21 %
  • Zoning PD10, Long Beach
70 Transit Score
70 Walk Score

Highlights

100% Occupancy, Turn Key Updated Units, Extra $200.00 a month from Garage Rental, Community Laundry On-Site, (4) 1 Car Garages and (2) Parking Spaces

Property Flyers

Financial Summary (Actual)

Net Operating Income: $96,273 USD (2025)
Cap Rate: 6.21 %
Total Expenses: $51,495 USD

Amenities

  • Air Conditioning
  • Balcony
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Storage Space
  • Car Wash Area
  • Gas Range
  • Trash Pickup - Curbside
  • Vintage Building
  • Tile Floors
  • Kitchen
  • Oven
  • Range
  • Yard
  • Breakfast Nook
  • Public Transportation
  • Individual Leases Available
  • Walk-Up
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 14 min 0.7 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 0.9 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 20 min 1.1 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 5.0 mi
Los Angeles International 30 min - 21.4 mi
John Wayne/Orange County 32 min - 21.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Sam Xavier 310-866-7598 Coldwell Banker Commercial Realty
Sam Xavier 310-866-7598 Coldwell Banker Commercial Realty