1430 Chestnut Ave, Long Beach, CA 90813 - Photo 1

1/1

$2,140,000

Sold
Closed
Multi-Family
12 Total Beds

1/1

Property Description

PRICED TO SELL. 9.4 GRM AND 7.0% CAP against in-place rents with upside to 7.7% 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 25% down. Loan quote provided by David Guevara. Momenta Capital Group. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Full Property Details

Full Property Details for 1430 Chestnut Ave

General

Sold For: $2,140,000
Status: Closed
Type: Multi-Family
Source: CLAW
MLS ID: 25543757
Added to Site: 234 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 12

Bedrooms

Total Bedrooms: 12

Additional Information

Other Features: None

Parking

Garage Description: None

Location

Area: Downtown Area, Alamitos Beach
County: Los Angeles
Driving Directions: 12 Units blocks from Downtown Long Beach.

Heating & Cooling

Cooling Type: None
Heating Type: Wall

Structural Information

# Buildings: 1
Stories/Levels: 2
Square Feet: 6,402
Sq. Ft. Source: Vendor Enhanced
Year Built: 1948
Year Built Source: Vendor Enhanced

Unit Information

Units in Complex: 12
Unit Type: 2106

Unit 1

Total Bathrooms: 1
Bedrooms: 1

Additional Structures

Other Structures: None

Lot Features

Lot Size (Acres): 0.1555
Lot Size: 6772
Lot Size Source: Vendor Enhanced
Zoning: LBR4N

Financial Considerations

Price Per Sq. Ft.: $338.8
Assessment Year: 1948

Disclosures and Reports

Disclosures/Reports: None
APN: 7269-041-020

Listed by The Agency, Jonathan Swire
Sold by Buckingham Investments, Inc, Anthony Walker

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Listing agent

— 1430 Chestnut Ave —

Jonathan Swire

The Agency

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Schools

Schools serving 1430 Chestnut Ave

School District:Long Beach Unified School District

Name	Grades	Distance
International Elementary School 700 Locust Ave., Long Beach, CA 90813	K-5	0.7 mi
Washington Middle School, Long Beach, CA 1450 Cedar Avenue, Long Beach, CA 90813	6-8	0.1 mi
Cabrillo High School, Long Beach, CA 2001 Santa Fe Avenue, Long Beach, CA 90810	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1430 Chestnut Ave

Date

Details

Price

Change

Source

11/13/2025

Sold

$2,140,000

-1.34%

MLS

8/14/2025

Price Reduced

$2,169,000

-1.41%

MLS

6/17/2025

Price Reduced

$2,200,000

-3.08%

MLS

6/06/2025

Price Reduced

$2,270,000

-0.22%

MLS

5/27/2025

Listed

$2,275,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths
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Sq. Ft.

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1430 Chestnut Ave, Long Beach, CA 90813 (MLS# 25543757) is a Multi-Family property that was sold at $2,140,000 on November 13, 2025. Want to learn more about 1430 Chestnut Ave? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

1430 Chestnut Ave Long Beach, CA 90813