444 Chestnut Avenue, Long Beach, CA 90802

Long Beach
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
444 Chestnut Avenue,Long Beach, CA 90802
$3,697,000
  • 9 Beds
  • 19 Baths
  • 11,928 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26659109
Source:CRMLS

Price summary

  • Price:$3,697,000
  • Price per sq. ft.:$309.94

About this home

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 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...

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Home facts

  • Year built:1927
  • Listing ID #:26659109
  • Added:106 day(s) ago
  • Updated:June 19, 2026 at 10:54 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:19
  • Living area:11,928 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1927
  • Building area:11,928 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$3,697,000
  • Price per sq. ft.:$309.94
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