$2,275,000

1430 Chestnut Ave Long Beach, CA 90813

Washington School Neighborhood

Estimated payment $14,348/month

Total Views 743
12 Beds
12 Baths
6,402 Sq Ft
$355 Price per Sq Ft

About This Home

PRICED TO SELL. Under 10X GRM with upside to a 7.3% 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 30% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Last Listed By

Jon Swire

The Agency License #01336277 Listed on: 05/27/2025

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Interior Spaces

  • 6,402 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Additional Features

  • 6,772 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7269-041-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6402
  • Lot Acreage: 0.1555
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 355.36

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 66.94
  • Assessed Improvement Value: 1382460
  • Assessed Land Percent: 33.06
  • Assessed Land Value: 682695
  • Total Assessed Value: 2065155
  • Assessor Parcel Number: 7269-041-020
  • Lot Size Area: 6772

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 9.98
  • Number Of Units: 12
  • Total Annual Expense: 71000
  • Type Of Units: Income
  • Vacancy Rate: 0%

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $2,275,000 -- $355 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25543757

The MLS

California Los Angeles County Long Beach 90813 Washington School

1430 Chestnut Ave, Long Beach, CA

This home is located at 1430 Chestnut Ave, Long Beach, CA 90813 and is currently priced at $2,275,000, approximately $355 per square foot. This property was built in 1948. 1430 Chestnut Ave is a home located in Los Angeles County with nearby schools including Oropeza Elementary, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Jon Swire
Listing Agent
Jon Swire
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The Agency
(562) 573-7317