Seller's Agent in 2025
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
42 Total Sales
1036 Chestnut Ave Long Beach, CA 90813
Willmore Neighborhood
2
Beds
2
Baths
3,770
Sq Ft
7,478
Sq Ft Lot
About This Home
As of April 2025We are pleased to present a 7 unit apartment building located at 1036 Chestnut Avenue in Long Beach, California. This is a value-add opportunity in a
great location of Willmore in Long Beach. The subject property is close to St Mary Medical Center, 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 3,770 rentable square feet spread throughout a 7,478 square foot lot. Units 1-6 was built in 1960 and unit A was built in 1949. All units are one bedroom / one bathroom units. The subject property has new electrical subpanels and is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 4 parking spaces in the rear which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
Last Agent to Sell the Property
Marcus & Millichap Brokerage Email: kking@marcusmillichap.com License #01158184 Listed on: 09/27/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 7,478 Sq Ft Lot
- Two or More Common Walls
- Rural Setting
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,770 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 12 / 8
- Tax Tract Number 575802
- Assessor Parcel Number 7272006030
- $1,307 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,685
- Fuel Expense $1,684
- Gardener Expense $1,500
- Insurance Expense $4,713
- Maintenance Expense $5,950
- Other Expense $2,377
- Professional Management Expense $6,373
- Trash Expense $1,685
- Water Sewer Expense $1,685
- New Taxes Expense $16,250
- Operating Expense $43,902
- Gross Income $127,458
- Net Operating Income $83,556
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Sold | $1,190,000 | -8.5% | $316 / Sq Ft |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Price Changed | $1,300,000 | -7.1% | $345 / Sq Ft |
| 02/05/2025 02/05/25 | Price Changed | $1,400,000 | -3.4% | $371 / Sq Ft |
| 11/26/2024 11/26/24 | Price Changed | $1,450,000 | -3.3% | $385 / Sq Ft |
| 09/27/2024 09/27/24 | For Sale | $1,500,000 | -- | $398 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2025
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,175 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24201199
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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