444 Chestnut Avenue, Long Beach, CA 90802

Long Beach
Local realty services provided by:ERA Excel Realty
444 Chestnut Avenue,Long Beach, CA 90802
$3,699,000
  • 9 Beds
  • 19 Baths
  • 11,928 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency
MLS#:26659109
Source:CRMLS

Price summary

  • Price:$3,699,000
  • Price per sq. ft.:$310.11

About this home

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. 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:10 day(s) ago
  • Updated:March 09, 2026 at 02:42 AM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

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

Finances and disclosures

  • Price:$3,699,000
  • Price per sq. ft.:$310.11
Based on information from California Regional Multiple Listing Service, Inc. as of March 15, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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