1273 Chestnut Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $7,506/month
About This Home
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.
Listing Agent
Compass Brokerage Phone: 424-903-9319 License #01815056 Listed on: 06/08/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 3,674 Sq Ft Lot
- No Common Walls
- Irregular Lot
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,042 Sq Ft Home
- 2-Story Property
- Laundry Located Outside
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 2569
- Assessor Parcel Number 7272002030
- $878 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,000
- Water Sewer Expense $3,600
- Operating Expense $5,600
- Gross Income $81,960
- Net Operating Income $76,360
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,798 | $939,261 | $613,533 | $325,728 |
| 2024 | $12,239 | $920,845 | $601,503 | $319,342 |
| 2023 | $12,031 | $902,790 | $589,709 | $313,081 |
| 2022 | $11,297 | $885,090 | $578,147 | $306,943 |
| 2021 | $11,064 | $867,736 | $566,811 | $300,925 |
| 2019 | $7,735 | $579,913 | $152,940 | $426,973 |
| 2018 | $7,497 | $568,543 | $149,942 | $418,601 |
| 2016 | $6,894 | $546,468 | $144,120 | $402,348 |
| 2015 | $6,624 | $538,261 | $141,956 | $396,305 |
| 2014 | $6,592 | $527,718 | $139,176 | $388,542 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/08/2026 06/08/26 | For Sale | $1,199,000 | +42.4% | $394 / Sq Ft | |
| 03/25/2019 03/25/19 | Sold | $842,000 | +2.1% | $291 / Sq Ft | View Prior Sale |
| 01/22/2019 01/22/19 | For Sale | $825,000 | -- | $285 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Grant Deed | $842,000 | Progressive Title Company | |
| Grant Deed | -- | Commonwealth Land Title Co | |
| Grant Deed | $455,000 | Commonwealth Land Title Co | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $310,000 | First American Title Co | |
| Trustee Deed | $225,000 | -- | |
| Grant Deed | $235,000 | -- | |
| Interfamily Deed Transfer | -- | American Title Co | |
| Grant Deed | $126,500 | Provident Title | |
| Grant Deed | -- | First American Title Co | |
| Trustee Deed | $150,307 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $589,400 | New Conventional | |
| Previous Owner | $318,500 | Purchase Money Mortgage | |
| Previous Owner | $248,000 | No Value Available | |
| Previous Owner | $211,500 | No Value Available | |
| Previous Owner | $149,500 | No Value Available | |
| Previous Owner | $135,303 | FHA | |
| Closed | $62,000 | No Value Available | |
| Closed | $91,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26124554
APN: 7272-002-030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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