444 Chestnut Avenue
Long Beach, CA 90802
9
Bed
0
Bath
11,928Sqft
7,507Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 9Bathroom Information
Total Baths: 19 Full Baths: 0 Half Baths: 0 -
Cooling Features
None Air ConditioningHeating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1927 Building Area Total: 11,928
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1723 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7507
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Listing Price Information
Original List Price: 3,698,000 Listing Contract Date: 2026-03-03 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 7280011008
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Garage and Parking
Garage Description: NoneHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: 19 Units NOT subject to local rent control. Blocks from Downtown Long Beach. Zoning: LBR4N Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach -
Building and Construction
Property Age: 99 Year Built Source: Vendor Enhanced Total Square Feet Living: 11928 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1738 E 4th Street #15, Long Beach, CA, 90802 | $279,000 | -- | 1 | 398 | 398 SqFt |
| 1738 E 4th, Long Beach, CA, 90802 | $299,998 | -- | 1 | 397 | 397 SqFt |
| 1820 E 2nd, Long Beach, CA, 90802 | $5,150,000 | -- | -- | 8,130 | 8,130 SqFt |
| 1545 E 4th Street, Long Beach, CA, 90802 | $1,647,300 | 7 | -- | 4,770 | 4,770 SqFt |
| 1427 E 4th, Long Beach, CA, 90802 | $1,999,000 | -- | -- | 5,065 | 5,065 SqFt |
| 1250 E 4th, #8, Long Beach, CA, 90802 | $280,000 | 1 | 1 | 654 | 654 SqFt |
| 1060 E 6th Street, Long Beach, CA, 90802 | $890,000 | 2 | -- | 1,548 | 1,548 SqFt |
| 1042-1048 E Broadway, Long Beach, CA, 90802 | $1,749,000 | -- | -- | 3,576 | 3,576 SqFt |
| 1013 E Appleton #1, Long Beach, CA, 90802 | $415,000 | 2 | 1 | 862 | 862 SqFt |
| 955 E 2nd, Long Beach, CA, 90802 | $899,900 | 2 | 1 | 1,304 | 1,304 SqFt |
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ByOwner last updated this listing 06/07/2026 @ 01:27
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