Home | Los Angeles County | Long Beach | 90813 | 1070 Chestnut
MLS: CRPW26099843 | Status: | Price: $2,800,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,477 | 1956 |
1070 Chestnut Avenue is a 12-unit multifamily asset located in the Long Beach, California within the Willmore Historic District submarket. The property consists entirely of 1 bedroom / 1 bath units, offering a functional and consistent unit mix with a combination of original character and select interior upgrades. Condo Conversion Optionality: Each unit has a separate APN, creating the potential for future individual condominium sales. The property has benefited from several recent capital improvements, reducing near-term maintenance exposure and enhancing operational stability. These include: New roof, windows, and upgraded electrical system, Line-X sewer line replacement, Recently installed individual water heaters, and Upgraded wall-mounted furnaces in select units. Each unit is individually metered for gas and electricity and features its own water heater, supporting efficient utility management and expense control. The asset produces stable, reliable cash flow, with a majority of tenants participating in subsidized housing programs through Housing Authority of the City of Los Angeles and Housing Authority of the City of Long Beach. This structure provides consistent rental income and mitigates vacancy risk. Additional income is generated through on-site laundry facilities. T
| Field | Value |
|---|---|
| MLS # | CRPW26099843 |
| MLS Source | California Regional MLS |
| Days on Site | 5 |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Robert Stepp
Keller Williams Realty Downey
License #: 01456379
Phone: (310) 774-3740
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Washington Middle School | public | 6-8 | 0.37 mi | 4 |
| Renaissance High School For The Arts | public | 9-12 | 0.41 mi | 8 |
| International Elementary School | public | K-5 | 0.43 mi | 5 |
| Edison Elementary School | public | K-5 | 0.48 mi | 3 |
| Educational Partnership High School | public | 9-12 | 0.61 mi | 3 |
| Roosevelt Elementary School | public | K-5 | 0.73 mi | 5 |
| Chavez Elementary School | public | K-5 | 0.79 mi | 6 |
| Stevenson Elementary School | public | K-5 | 0.82 mi | 5 |
| Polytechnic High School | public | 9-12 | 0.86 mi | 7 |
| Lincoln Elementary School | public | K-5 | 1.09 mi | 7 |
| Franklin Classical Middle School | public | 6-8 | 1.14 mi | 4 |
| Burnett Elementary School | public | K-5 | 1.35 mi | 4 |
| Lafayette Elementary School | public | K-5 | 1.45 mi | 5 |
| Whittier Elementary School | public | K-5 | 1.47 mi | 5 |
| Cabrillo High School | public | 9-12 | 1.49 mi | 3 |
| Robinson Academy | public | K-8 | 1.55 mi | 5 |
| Alvarado Elementary School | public | K-5 | 1.55 mi | 9 |
| Garfield Elementary School | public | K-5 | 1.56 mi | 5 |
| Reid High School | public | 11-12 | 1.76 mi | 2 |
| Jessie Nelson Academy | public | 6-8 | 1.79 mi | 3 |
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This listing information is up-to-date as of May 08, 2026. For the most current information, please contact Robert Stepp, (310) 774-3740.