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 9% 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 an excellent unit mix of Studio, 1 and 2 bed units. The property is Professionally Managed and very well maintained and features onsite laundry. It
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 19 -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Cooling: None
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Building Information
Year Built: 1927Building Area Total: 11928Private Pool: No
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Lot Information
Main Square Feet: 7507 Lot Size Acres: 0.1723 Lot Size Square Feet: 7,507
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Listing Price Information
Listing Price: $3697000Original Price: $3699000
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Tax Information
Parcel Number: 7280011008
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Virtual Tour
Parking Information
None
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Location Information
Direction: 19 Units NOT subject to local rent control. Blocks from Downtown Long Beach.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1827 E 4th Street, Long Beach, CA, 90802 | $7,400,000 | -- | -- | 15,168 | 15,168 SqFt |
| 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 |
| 1785 E 3rd, Long Beach, CA, 90802 | $2,125,000 | -- | -- | 4,321 | 4,321 SqFt |
| 535 Nebraska, Long Beach, CA, 90802 | $925,000 | 2 | 1 | 1,211 | 1,211 SqFt |
| 1427 E 4th, Long Beach, CA, 90802 | $1,999,000 | 2 | 6 | -- | |
| 530 Almond Avenue, Long Beach, CA, 90802 | $1,250,000 | 3 | -- | 1,962 | 1,962 SqFt |
| 1250 E 4th, #8, Long Beach, CA, 90802 | $280,000 | 1 | 1 | 654 | 654 SqFt |
| 216 Esperanza, Long Beach, CA, 90802 | $1,449,000 | -- | -- | 3,816 | 3,816 SqFt |
| 1311 E 1st #12, Long Beach, CA, 90802 | $409,000 | 1 | 1 | 817 | 817 SqFt |
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ByOwner last updated this listing 07/23/2026 @ 10:09
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