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Closed
- Listed price
- $915,000
- Listed Feb 4, 2015
- Sold price
- $935,000
- Sold Apr 14, 2015
6,373 sqft lot|1930 Built|38 MLS days on market
2062 Chestnut Ave, Long Beach, CA 90806
Property Description
Chestnut Apartments is a professionally managed community built in 1930 and consisting of two buildings on 6,373 square feet of land. It’s beautifully designed, Spanish architecture and quality of neighboring buildings which sit on a quaint, tree lined street hearkens back to Long Beach’s golden age. What sets this property apart from other apartment buildings in the area is its spacious, 1,002 sqft. two-bedroom units, each with their own laundry room. All units have a gas oven, gas wall heating and individual, 30 gallon hot water heaters. Additional storage space is provided for the two-bedroom units in the four garages at the rear building. Enhancing the appeal of the property to prospective renters is its location in one of Southern California’s vibrant coastal communities and proximity to nearby schools, shopping, freeways, entertainment & dining, and the beach. In the coming decade, numerous developments within the City of Long Beach are slated to enhance the city’s forward economic progress and demand for housing. Competitively priced at $915,000, the investment is underwritten at a current cap rate of 5.01%, and a projected total return of 8.0%. Additional upside in income may be achieved by charging tenants for storage in the garages.
Listing agent: WMichael CavnerDRE #01274709michael.cavner@marcusmillichap.com, Listing office: Marcus & Millichap RE Invest
MLS data updated 10/31/2026, 12:48:20 PM PT
Source: CRMLSMLS #: OC15024158
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$935,000
Apr 14, 2015
Available records22015
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90806 · Oct 2026
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No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90806 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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