Seize this exceptional income-producing opportunity in the heart of Long Beach. This well-positioned multi-family property delivers immediate cash flow with the added advantage of significant rental upside — an investor's dream in one of Southern California's most dynamic rental markets.
Fully tenant-occupied at acquisition, this property offers day-one income with room to grow. Below-market rents provide a clear path to increased returns as leases turn over, making this an ideal value-add play for both seasoned and first-time investors.
Strategically located with easy access to major freeways, public transit, and the vibrant energy of Downtown Long Beach, the property benefits from consistently strong rental demand. Tenants enjoy walkable convenience to dining, shopping, entertainment, and employment centers — the kind of location that keeps units filled and turnover low.
For sale
Listed by: Compass • Joshua Hammond • Contact: 424-903-9319
$1,199,000
1273 Chestnut Ave, Long Beach, CA 90813
8beds
4baths
3,042sqft
Quadruplex
Built in 1928
-- sqft lot
$1,169,300 Zestimate®
$394/sqft
$-- HOA
What's special
- 26 days |
- 133 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Joshua Hammond DRE #01815056 424-903-9319,
Compass
Source: CRMLS,MLS#: SB26124554
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Outside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,042
- Total interior livable area: 3,042 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 3,674 Square Feet
- Features: Irregular Lot
Details
- Parcel number: 7272002030
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Other
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $394/sqft
- Tax assessed value: $939,261
- Annual tax amount: $12,798
- Date on market: 6/8/2026
- Cumulative days on market: 26 days
- Listing terms: Submit
- Total actual rent: 6830
Estimated market value
$1,169,300
$1.11M - $1.23M
$2,082/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Listed for sale | $1,199,000+42.4%$394/sqft |
Source:  CRMLS #SB26124554 Report a problem | ||
| 3/20/2019 | Sold | $842,000+85.1%$277/sqft |
Source: Public Record Report a problem | ||
| 1/7/2004 | Sold | $455,000+46.8%$150/sqft |
Source: Public Record Report a problem | ||
| 12/27/2002 | Sold | $310,000+37.8%$102/sqft |
Source: Public Record Report a problem | ||
| 8/1/2002 | Sold | $225,000-4.3%$74/sqft |
Source: Public Record Report a problem | ||
| 6/1/2000 | Sold | $235,000+85.8%$77/sqft |
Source: Public Record Report a problem | ||
| 9/3/1999 | Sold | $126,500-15.8%$42/sqft |
Source: Public Record Report a problem | ||
| 2/4/1997 | Sold | $150,307$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,798 +4.6% | $939,261 +2% |
| 2024 | $12,239 +1.7% | $920,845 +2% |
| 2023 | $12,031 +6.5% | $902,790 +2% |
| 2022 | $11,297 +2.1% | $885,090 +2% |
| 2021 | $11,064 +0.3% | $867,736 +1% |
| 2020 | $11,035 | $858,840 +48.1% |
| 2019 | $11,035 +47.2% | $579,913 +2% |
| 2018 | $7,497 | $568,543 +2% |
| 2017 | $7,497 +1.1% | $557,396 +2% |
| 2016 | $7,418 +7.6% | $546,468 +1.5% |
| 2015 | $6,894 +4.6% | $538,261 +2% |
| 2014 | $6,592 | $527,718 +4.5% |
| 2011 | -- | $504,935 +0.8% |
| 2010 | -- | $501,162 -0.2% |
| 2009 | -- | $502,353 +2% |
| 2008 | -- | $492,504 +4% |
| 2006 | -- | $473,382 |
| 2005 | -- | $473,382 +49.9% |
| 2004 | -- | $315,786 +1.9% |
| 2003 | -- | $310,000 +26.8% |
| 2002 | -- | $244,494 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Willmore City
Nearby schools
GreatSchools rating
- 3/10Edison Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.4 mi
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- California
- Los Angeles County
- Long Beach
- 90813
- Willmore City
- 1273 Chestnut Ave
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