Address
1273 Chestnut, Long Beach, CA
Price
$ 1,199,000
Property Attributes
- MLS#SB26124554
- TypeSingle Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Downtown Area, Alamitos Beach
- NeighborhoodOther
- Zip90813
- Style
- Year Built1928
- Price$ 1,199,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3042
- Lot Size0.0843 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
Seize this exceptional income-producing opportunity in the heart of Long Beach. This well-positioned multi-family property delivers immediate cash flow with the added advantage of significant rental upside — an investor's dream in one of Southern California's most dynamic rental markets. Fully tenant-occupied at acquisition, this property offers day-one income with room to grow. Below-market rents provide a clear path to increased returns as leases turn over, making this an ideal value-add play for both seasoned and first-time investors. Strategically located with easy access to major freeways, public transit, and the vibrant energy of Downtown Long Beach, the property benefits from consistently strong rental demand. Tenants enjoy walkable convenience to dining, shopping, entertainment, and employment centers — the kind of location that keeps units filled and turnover low.
| Price History | |
|---|---|
| 6/9/2026 | Listed $1,199,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Pool Features | None |
| Year Built | 1928 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Quadruplex |
| Gross Income | 81960 |
| Community Features | Sidewalks |
| County | Los Angeles |
| Net Operating Income | 76360 |
| Operating Expense | 5600 |
| Insurance Expense | 2000 |
| New Construction | false |
| Property Type | ResidentialIncome |
| Subdivision Name | Other |
| Garage Y/N | false |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | anaheim to chestnut |
| City | Long Beach |
| Entry Location | 1 |
| Senior Community Y/N | false |
| Number Of Units Total | 4 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 3674 |
| Number of Units Leased | 4 |
| Listing Terms | Submit |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Water Sewer Expense | 3600 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | true |
| Building Area Units | SquareFeet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 7 |
| Total Actual Rent | 6830 |
| Property Sub Type Additional | Quadruplex |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 2 |
|---|---|
| Common Walls | NoCommonWalls |
| Laundry Features | Outside |
| Entry Level | 1 |
Exterior Features
| Lot Features | IrregularLot |
|---|---|
| Water Source | Public |
| Lot Size Area | 3674 |
| Number of Buildings | 2 |
| Building Area Total | 3042 |
| Lot Size Acres | 0.0843 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Electric Meters | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 90813
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of November 7, 2026 3:56 PM UTC 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.
