
1036 Chestnut Ave Long Beach, CA 90813
Willmore NeighborhoodAbout 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
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
Similar Homes in Long Beach, CA
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
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 |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2025
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
45 Total Sales
-
N
Buyer's Agent in 2025
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,776 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24201199

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