PRICED TO SELL. 9.4 GRM AND 7.0% CAP against in-place rents with upside to 7.7% CAP. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 25% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Sold for $2,140,000
$2,140,000
1430 Chestnut Ave, Long Beach, CA 90813
12beds
12baths
6,402sqft
Multi Family
Built in 1948
-- sqft lot
$2,160,400 Zestimate®
$334/sqft
$2,026 Estimated rent
Home value
$2,160,400
$1.97M - $2.38M
$2,026/mo
Zestimate® history
Owner options
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$13,578/mo
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Zillow last checked:
Listing updated:
Listed by:
Jonathan Swire DRE # 01336277 310-948-2631,
The Agency 424-230-3700
Bought with:
Anthony Walker, DRE # 01908153
Buckingham Investments, Inc
Source: CLAW,MLS#: 25543757
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
Heating
- Wall
Cooling
- None
Interior area
- Total structure area: 6,402
- Total interior livable area: 6,402 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,773 sqft
Details
- Additional structures: None
- Zoning: LBR4N
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1948
Community & neighborhood
Location
- Region: Long Beach
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Sold | $2,140,000-1.3%$334/sqft |
Source:  CLAW #25543757 Report a problem | ||
| 10/24/2025 | Pending sale | $2,169,000$339/sqft |
Source: CLAW #25543757 Report a problem | ||
| 8/14/2025 | Price change | $2,169,000-1.4%$339/sqft |
Source: CLAW #25543757 Report a problem | ||
| 6/17/2025 | Price change | $2,200,000-3.1%$344/sqft |
Source: CLAW #25543757 Report a problem | ||
| 6/6/2025 | Price change | $2,270,000-0.2%$355/sqft |
Source: CLAW #25543757 Report a problem | ||
| 5/27/2025 | Listed for sale | $2,275,000$355/sqft |
Source: CLAW #25543757 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Washington School
Nearby schools
GreatSchools rating
- 5/10International Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$2,160,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,160,400
- California
- Los Angeles County
- Long Beach
- 90813
- Washington School
- 1430 Chestnut Ave
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Nearby neighborhoods
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