Cheapest full sized 5 unit in the whole city at only $279/square foot. 100% 2 bedroom units: three with 2 baths, two with 1 bath. Average unit size of over 850 square feet. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%'s and a 6.2% cap rate on actual rents. Very strong in-place income at 9.8X GRM on actuals with 13% upside to 8.7X GRM and a market cap rate of 7.4%. Electrical main panels and sub-panels replaced in 2000. 3 out of 5 units remodeled and leased in the last 2 years. 5 garages in rear for 1:1 parking ratio.
Convenient location in the Washington neighborhood 1 block from Washington Middle School, currently undergoing a massive $176M reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 billion. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (CoStar).
Sold for $1,195,000
Listing Provided by: Buckingham Investments, Inc
Bought with: Buckingham Investments, Inc
$1,195,000
1471 Chestnut Ave, Long Beach, CA 90813
10beds
8baths
4,276sqft
Multi Family
Built in 1925
-- sqft lot
$1,210,400 Zestimate®
$279/sqft
$2,074 Estimated rent
Home value
$1,210,400
$1.10M - $1.33M
$2,074/mo
Zestimate® history
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$7,508/mo
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Zillow last checked:
Listing updated:
Listing Provided by:
Anthony Walker DRE #01908153 310-561-4776,
Buckingham Investments, Inc,
Josh Ess DRE #02035659 310-982-7055,
Buckingham Investments, Inc
Bought with:
Anthony Walker, DRE #01908153
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB25233625
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Cooling
- None
Appliances
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,276
- Total interior livable area: 4,276 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage Faces Rear
- Garage spaces: 5
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 4,768 sqft
- Features: Rectangular Lot
Details
- Parcel number: 7269040030
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Foundation: Raised
- Roof: Flat
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Suburban
Location
- Region: Long Beach
- Subdivision: Downtown (Dt)
Other
Other facts
- Listing terms: Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Listing removed | $1,895 |
Source: Zillow Rentals Report a problem | ||
| 12/30/2025 | Listed for rent | $1,895 |
Source: Zillow Rentals Report a problem | ||
| 12/12/2025 | Sold | $1,195,000$279/sqft |
Source:  CRMLS #SB25233625 Report a problem | ||
| 12/4/2025 | Pending sale | $1,195,000$279/sqft |
Source: CRMLS #SB25233625 Report a problem | ||
| 10/13/2025 | Contingent | $1,195,000$279/sqft |
Source: CRMLS #SB25233625 Report a problem | ||
| 10/7/2025 | Listed for sale | $1,195,000+12.7%$279/sqft |
Source: CRMLS #SB25233625 Report a problem | ||
| 7/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/18/2024 | Price change | $1,895-5% |
Source: Zillow Rentals Report a problem | ||
| 6/13/2024 | Listed for rent | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 2/21/2019 | Sold | $1,060,000-3.2%$248/sqft |
Source:  CRMLS #PW18183556 Report a problem | ||
| 1/11/2019 | Pending sale | $1,095,000$256/sqft |
Source: Keller Williams Pacific Estate #PW18183556 Report a problem | ||
| 12/11/2018 | Listed for sale | $1,095,000$256/sqft |
Source: Keller Williams Pacific Estate #PW18183556 Report a problem | ||
| 11/13/2018 | Pending sale | $1,095,000$256/sqft |
Source: Keller Williams Pacific Estate #PW18183556 Report a problem | ||
| 9/18/2018 | Price change | $1,095,000-2.7%$256/sqft |
Source: Keller Williams Realty Los Alamitos #PW18183556 Report a problem | ||
| 7/31/2018 | Listed for sale | $1,125,000+57.3%$263/sqft |
Source: Keller Williams Realty #PW18183556 Report a problem | ||
| 7/18/2014 | Sold | $715,000-1.4%$167/sqft |
Source: Public Record Report a problem | ||
| 5/8/2014 | Pending sale | $725,000$170/sqft |
Source: Keller Williams Beach Cities #SB14079587 Report a problem | ||
| 4/19/2014 | Listed for sale | $725,000+23.9%$170/sqft |
Source: Keller Williams Beach Cities #SB14079587 Report a problem | ||
| 4/19/2013 | Sold | $585,000$137/sqft |
Source: Public Record Report a problem | ||
| 8/28/2008 | Sold | $585,000-8.3%$137/sqft |
Source: Public Record Report a problem | ||
| 1/16/2008 | Sold | $637,870-25%$149/sqft |
Source: Public Record Report a problem | ||
| 1/25/2006 | Sold | $850,000+20.6%$199/sqft |
Source: Public Record Report a problem | ||
| 8/5/2004 | Sold | $705,000+12.3%$165/sqft |
Source: Public Record Report a problem | ||
| 1/28/2004 | Sold | $628,000+90.3%$147/sqft |
Source: Public Record Report a problem | ||
| 8/15/2000 | Sold | $330,000-31.3%$77/sqft |
Source: Public Record Report a problem | ||
| 7/30/1999 | Sold | $480,000$112/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,038 +4.6% | $1,182,964 +2% |
| 2024 | $15,329 +1.7% | $1,159,780 +2% |
| 2023 | $15,072 +6.5% | $1,137,051 +2% |
| 2022 | $14,153 +2.1% | $1,114,767 +2% |
| 2021 | $13,861 +0.3% | $1,092,920 +1% |
| 2020 | $13,824 | $1,081,720 +40.3% |
| 2019 | $13,824 +40.4% | $770,851 +2% |
| 2018 | $9,844 | $755,747 +2.1% |
| 2017 | $9,844 +1.1% | $740,420 +2% |
| 2016 | $9,741 +7.7% | $725,903 +1.5% |
| 2015 | $9,041 +23.1% | $715,000 +21.7% |
| 2014 | $7,346 | $587,655 -0.1% |
| 2011 | -- | $588,006 +0.8% |
| 2010 | -- | $583,613 -0.2% |
| 2009 | -- | $585,000 -33.8% |
| 2008 | -- | $884,340 +151.5% |
| 2003 | -- | $351,613 +4.5% |
| 2002 | -- | $336,498 +117.1% |
| 2000 | -- | $155,000 |
Find assessor info on the county website
Neighborhood: Washington School
Nearby schools
GreatSchools rating
- 3/10Edison Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$1,210,400
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Estimated market value
$1,210,400
- California
- Los Angeles County
- Long Beach
- 90813
- Washington School
- 1471 Chestnut Ave
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Nearby neighborhoods
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