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1430 Chestnut Ave

Long Beach, CA 90813
  • $2,270,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 25543757
Price Reduced
$2,270,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 6,402
    SQFT
  • $355
    $/SQFT
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-16T23:43:02.25. 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.
www.deserthouseseekers.com/homes/164246480
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1430 Chestnut Ave Long Beach, CA 90813

  • Price: $2,270,000
  • Status: Active
  • On Site: 20 Days
  • MLS #: 25543757
12
Beds
12
Baths
0
½ Baths
0.16
Acres
6,402
SQFT
$355
$/SQFT
1948
Built
Neighborhood:
Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
Downtown Area, Alamitos Beach
Property Description
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.
Exterior Features

Levels Two Lot Size Area 6772 Other Structures None Parking Garage None Total Parking 0

Interior Features

Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 2065155 Disclosures None Gross Income 227000 Gross Operating Income 225000 Like Units1 12 Net Operating Income 150000.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 71000 Type Of Units Income Year Built Source Vendor Enhanced Zoning LBR4N

Listing provided courtesy of Jonathan Swire DRE#01336277 of The Agency: 424-230-3700.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-16T23:43:02.25. 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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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210