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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
Listed by Joshua Hammond CA DRE# 01815056 with Compass 424-903-9319

Overview

Active

Listed Jun 8, 2026

Updated 3 days 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
MLS provider logo

Listed by Joshua Hammond CA DRE# 01815056 with Compass 424-903-9319

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/4/2026 at 4:21 AM UTC Last Checked: 4:21 AM UTC

 

 

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