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Listed by: Jonathan Swire (310) 948-2631 DRE #01336277 | The Agency (424) 230-3700
$3,697,000
9 Beds
19 Baths
11,928sqft
444 Chestnut Ave, Long Beach, CA 90802
$3,697,000
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Multi Family
Built in 1927
$-- HOA
7,507 sqft lot
$310/sq.ft
Description
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 Stu...
Continue Reading- Houzeo last checked: 43 minutes ago
- Listing updated: June 10, 2026 at 11:10 pm
- Source: California Regional MLS-CA | MLS#: 26659109
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1927
HOA Fees
-
Finished Area
11,928 sqft
Lot Size
7,507 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26659109
MLS Status
Active
Days on Market
139
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