NOT LISTED FOR SALE

Estimated Value: $1,042,000 - $1,218,000

9 Beds
4 Baths
2,927 Sq Ft
$377/Sq Ft Est. Value

Sale Details

Date Sold: June 23, 2025

Last sale price $1,150,000 $393 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $6,306 / mo

41 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Card or Code Access
  • Security Fence

About This Home

As of June 2025

Located in the heart of Long Beach’s Washington neighborhood—an established rental market with strong tenant demand—1750 Chestnut Ave presents a unique opportunity to own a well-positioned, income-producing fourplex with excellent functionality and strong cash flow potential. Public records reflect a 5-bedroom, 4-bathroom building, but the property is currently configured as 9 bedrooms and 4 bathrooms across four units, maximizing use of space and rental flexibility.

The existing unit mix includes three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Each unit is assigned one garage space within a 5-car garage structure located separately from the living units. The property also features a code-access gate for added security and a common laundry room with coin-operated machines, providing additional income.

This is an outstanding opportunity for value-driven investors to acquire a well-located, high-demand asset with strong in-place income and long-term upside. Properties offering this level of flexibility, security, and tenant appeal rarely come to market—don’t miss your chance to add a solid performer to your portfolio.

Last Agent to Sell the Property

Ty Youngblood

Keller Williams Realty Brokerage Phone: 951-751-1994 License #01381038 Listed on: 03/28/2025

Keller Williams Realty

Last Buyer's Agent

Angie Flores

Century 21 Allstars License #01779266

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,504 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • West Facing Home
  • Security Fence
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Public Parking
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Traditional Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,927 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Legal Lot and Block 12 / 2
  • Tax Tract Number 575
  • Assessor Parcel Number 7269036010
  • $923 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Downtown Subdivision

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $3,800
  • Pest Control $400
  • Trash Expense $2,073
  • Water Sewer Expense $1,781
  • Operating Expense $25,756
  • Gross Income $1,200
  • Net Operating Income $72,188

Additional Features

  • Laundry Facilities
  • Card or Code Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

7,504 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 6.87
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Card/Code Access
  • Subdivision Name Other: Downtown (DT)
  • View: No
  • Water Sewer Expenses: 1781.00
  • Zoning: LBR4N
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7269036010
  • Year Built: 1937
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 392.89

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Fence: Yes
  • Fencing: Security, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear, Public
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 400.00
  • Sewer: Public Sewer
  • Trash Expense: 2073.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7504.00
  • Lot Size Acres: 0.1723

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 1200.00
  • Gross Multiplier: 10.72
  • Gross Operating Income: 93047.00
  • Gross Scheduled Income: 97944.00
  • Insurance Expense: 3800.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 100.00
  • Lot Size Area: 7504.0000 Square Feet
  • Net Operating Income: 72187.90
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25756.00
  • Rent Control: Yes
  • Total Actual Rent: 8062.00
  • Total Expenses: 25756.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Area: 11934
  • Tax Block: 2
  • Tax Lot: 12
  • Tax Tract Number: 575...
  • TaxOtherAnnualAssessmentAmount: 923.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2025
Closed on
May 19, 2025
Sold by
David W Puryear Revocable Trust and Poryear David W
Bought by
Barboza Luciano
Seller's Agent
Ty Youngblood
Keller Williams Realty
Buyer's Agent
Angie Flores
Century 21 Allstars
List Price
$1,150,000
Sold Price
$1,150,000
Views
95
Current Estimated Value
$1,102,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,932
Avg. Annual Appreciation
-4.72%
Original Mortgage
$862,500
Outstanding Balance
$857,223
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$244,845

Purchase Details

Closed on
Dec 3, 2013
Sold by
Puryear David W
Bought by
Puryear David W and David W Puryear Revocable Trust

Purchase Details

Closed on
Nov 9, 2001
Sold by
Heller Linda and A P P S Financial Corp
Bought by
Salomon Brothers Mtg Securities Vii Inc and New Century Asset Backed Floating Rate C

Purchase Details

Closed on
Feb 26, 2001
Sold by
Heller Linda
Bought by
Shipmen Ken

Purchase Details

Closed on
Aug 24, 1998
Sold by
Thompson Floyd
Bought by
Heller Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,200
Interest Rate
10.99%

Purchase Details

Closed on
Aug 12, 1998
Sold by
Ust Mchenry Roosevelt Trs Mchenry Fami
Bought by
Thompson Floyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,200
Interest Rate
10.99%
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 Buyer Sale Price Title Company
Barboza Luciano $1,150,000 Western Resources Title
Puryear David W -- None Available
Salomon Brothers Mtg Securities Vii Inc $289,382 First American Title Co
Shipmen Ken -- --
Heller Linda $324,000 Chicago Title Co
Thompson Floyd $160,000 Chicago Title Co
Source: Public Records

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 Borrower Loan Amount
Open Barboza Luciano $862,500
Previous Owner Heller Linda $259,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2025 06/23/25 Sold $1,150,000 0.0% $393 / Sq Ft
03/28/2025 03/28/25 For Sale $1,150,000 -- $393 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $5,075 $339,754 $184,651 $155,103
2024 $5,075 $333,093 $181,031 $152,062
2023 $4,986 $326,563 $177,482 $149,081
2022 $4,705 $320,160 $174,002 $146,158
2021 $4,593 $313,884 $170,591 $143,293
2019 $4,529 $304,576 $165,532 $139,044
2018 $4,272 $298,605 $162,287 $136,318
2016 $3,927 $287,012 $155,986 $131,026
2015 $3,782 $282,701 $153,643 $129,058
2014 $3,778 $277,164 $150,634 $126,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG25068051

California Regional Multiple Listing Service (CRMLS)

APN: 7269-036-010

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