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3,042 sqft

$1,199,000

1273 Chestnut, Long Beach CA, 90813

Price per sqft$394.15
Built in1928
Property size3,042 sqft
Property typeMulti-family

Overview

Active

Listed Oct 3, 2026

Updated 2 weeks ago

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.

$7,977/mo

Est. mortgage payment based on a $1,199,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26124554

Interior Features

Basement
No

Exterior Features

Lot Size
0.08 Acres

Other Property Details

55+/Senior Community
No

Listed by Joshua Hammond, Compass, CA DRE 01815056

Listing Contact: 424-903-9319 

Based on information from the CRISNet MLS as of 10/4/2026, 3:25 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being 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.

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