For SaleRisky Deal1 days on market
1940 Chestnut Ave
1940 Chestnut Ave, Long Beach, CA 90806, Long Beach, CA 90806
$3,125,000
Estimate®:$2,954,800
Listing Price
1940 Chestnut Ave, Long Beach, CA 90806
Loc: Long Beach, CA
Days Listed
1
Tax Assessed
$2234k
Estimate®
$2955k
Market Rate
Lot Size
8,146 sqft
Type
multi family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Lafayette Elementary School
K-5
0.6 mi away
4
Washington Middle School
6-8
1.3 mi away
3
Cabrillo High School
9-12
1.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Multi Family1946NoneNone14 Open Parking spaces1 Day$331
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.04%
Total ROI
90.2%
Cash Flow
$-481/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-481/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Long Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $3,125,000 | $331 |
| 2022-05-28 | Listing removed | $0 | – |
| 2022-05-22 | Listed for rent | $1,995 | – |
| 2021-08-14 | Listing removed | $0 | – |
| 2021-07-29 | Listed for rent | $1,825 | – |
| 2021-05-04 | Listing removed | $0 | – |
| 2021-04-29 | Listed for rent | $1,395 | – |
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