444 Chestnut Ave Long Beach, CA 90802
West Village NeighborhoodEstimated payment $24,628/month
About This Home
Priced to sell - 9.5 GRM and 6.4% CAP. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS. 19 units located blocks from Downtown Long Beach in the Historic District. All units were completely redone in 2018/2019 and are beautifully remodeled. The interior hallways were redone as well and the Seller spent over $400K on CAP EX. New Water Heater in 2023 and over 100 feet of sewer line replaced. No work remains to be done. The building is a two-story walkup with no onsite parking, however, there are parking structures within blocks that tenants can rent from. The building also features onsite laundry in the basement. The building offers and excellent unit mix of Studio, 1 and 2 bed units. The property is Professionally Managed and very well maintained and features onsite laundry. It features a Walk score of 95 and is located just blocks from the bars and restaurants in Downtown Long Beach on Pine Ave. The building is master-metered for all utilities and a new owner could implement a RUBS program increasing the returns. Downtown Long Beach is in the middle of an $8BB Redevelopment with brand new Class A apartments and retail being developed within blocks of this location. Qualified Buyers can put down as little as 25%. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Interior Spaces
- 11,928 Sq Ft Home
- 3-Story Property
- Basement
Bedrooms and Bathrooms
- 9 Bedrooms
- 19 Bathrooms
Additional Features
- 7,507 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 19 Units
Listing and Financial Details
- Assessor Parcel Number 7280-011-008
Map
Home Values in the Area
Average Home Value in this Area
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 | $60,259 | $4,457,073 | $2,865,261 | $1,591,812 |
| 2024 | $57,621 | $4,369,680 | $2,809,080 | $1,560,600 |
| 2023 | $56,630 | $4,284,000 | $2,754,000 | $1,530,000 |
| 2022 | $53,150 | $4,200,000 | $2,700,000 | $1,500,000 |
| 2021 | $40,455 | $3,143,421 | $2,196,963 | $946,458 |
| 2019 | $39,874 | $3,054,087 | $2,131,800 | $922,287 |
| 2018 | $38,912 | $2,994,280 | $2,090,000 | $904,280 |
| 2016 | $24,866 | $1,928,975 | $1,319,825 | $609,150 |
| 2015 | $23,902 | $1,900,000 | $1,300,000 | $600,000 |
| 2014 | $4,374 | $153,353 | $62,173 | $91,180 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/30/2026 03/30/26 | Price Changed | $3,698,000 | 0.0% | $310 / Sq Ft | |
| 03/03/2026 03/03/26 | For Sale | $3,699,000 | 0.0% | $310 / Sq Ft | |
| 05/26/2022 05/26/22 | Rented | $1,695 | 0.0% | -- | |
| 05/06/2022 05/06/22 | For Rent | $1,695 | 0.0% | -- | |
| 07/21/2014 07/21/14 | Sold | $1,900,000 | 0.0% | $159 / Sq Ft | View Prior Sale |
| 05/07/2014 05/07/14 | Pending | -- | -- | -- | |
| 04/21/2014 04/21/14 | For Sale | $1,900,000 | -- | $159 / Sq Ft |
Source: The MLS
MLS Number: 26659109
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© 2026 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.
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Information is deemed reliable but not guaranteed.
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