1070 Chestnut Avenue
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 7,477 sqft lot
- 1956 build
- – on site
We are pleased to offer 1070 Chestnut Avenue, a 12-unit condo tract map building located in the heart of the Willmore neighborhood, just north of Downtown Long Beach. This two-story, secured and gated property offers a strong unit mix, comprised of (12) one-bedroom, one-bathroom condominium units each with individual parcel numbers allowing for flexibility to sell units separately. Built in 1956, the property boasts 6,571 rentable square feet on a 7,477 square-foot lot including six (6) parking spaces in the back with tandem parking potential and on-site laundry facility, ensuring tenant convenience. Recent upgrades include a brand-new pitched roof, new sewer lining with Line-X, and new windows, enhancing the property's appeal and efficiency. Each unit is equipped with its own water heater and is separately metered for gas and electricity, reducing operational costs. The tenant profile at 1070 Chestnut Avenue further strengthens the property's stability, with a majority participating in subsidized programs (HACLA or HACLB), ensuring smooth and reliable rent collection. Low operating expenses combined with pride of ownership make this a well-maintained and efficient asset. Whether you choose to hold it as a stabilized investment or sell the condominiums individually, this asset presents a unique opportunity to acquire a well position property in one of Long Beach most densely populated areas with significant long-term growth.
Last checked:
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Last updated Feb 13, 2025
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MLS# 25494519 —
The Building
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Year Built:1956
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New Construction:No
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Building Area Total:6571.00
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Total Number Of Units:12
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:See Google Maps
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Latitude:33.78024200
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Longitude:-118.19597700
The Property
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Property Type:Residential Income
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Zoning:LBPD10
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Lot Size Area:7477.0000
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Lot Size Acres:0.1716
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Lot Size SqFt:7477.00
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Lot Size Source:Estimated
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7272006036
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Private
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Parking Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/5/25
Feb 5, 2025
|
Listed / Active | CRMLS_CA | $3,200,000 | |
|
5/13/22
May 13, 2022
|
Listed / Active | CRMLS_CA |
