Four-Unit Residential Income
1620 Chestnut, Long Beach, CA 90813
For Sale
$1,350,000
Long Beach, CA
Property Size4,028 SF
Lot Size0.17 Acres
Price / SF$335.15
Days on Market10
Property Features for 1620 Chestnut
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Utilities
Sewer type
Water source
Amenities
central courtyard
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Buckingham Investments, Inc
(310) 982-7055
Listed By:
Kristen Mussenden · License CA #02096276
(407) 341-3254
Added: Nov 4
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# SB26242198
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1917, this four-unit residential property contains three two-bedroom, one-bath units and one three-bedroom, one-bath unit. The building totals 4,028 square feet on a 7,500-square-foot lot, with a central courtyard and four single-car garages. Electrical service has been updated, and most windows have been replaced. Each unit is separately metered.
The property is eight blocks north of Downtown Long Beach. The Metro A Line, Pacific Coast Highway, and the 710 Freeway are a few blocks away, providing connections toward the waterfront, Port, and Los Angeles. The property also has public water and sewer service.
The property is eight blocks north of Downtown Long Beach. The Metro A Line, Pacific Coast Highway, and the 710 Freeway are a few blocks away, providing connections toward the waterfront, Port, and Los Angeles. The property also has public water and sewer service.
Key Highlights
- Three 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
- 4,028‑square‑foot building on a 7,500‑square‑foot lot
- Four single‑car garages and a central courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,583
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,851,660
$1.9M
Cap Rate 7%
$1,322,614
$1.3M
Cap Rate 9%
$1,028,700
$1.0M
Market Conditions
NOI Build-Up for 4,028 SF
Gross rent
$137.8K $34.20/SF
− Vacancy
−$5.5K −$1.36/SF
EGI
$132.3K $32.84/SF
− OpEx
−$39.7K −$9.85/SF
NOI
$92.6K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,851,660
Cap Rate 7%
$1,322,614
Cap Rate 9%
$1,028,700
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,583 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,319 @ 7.0% cap · market cap 6.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Long Beach, CA
Properties on Market for Quadplexes in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A courtyard layout, separate utility meters, and four single-car garages support the property’s residential configuration.
Where is this quadplex located?
The property is located at 1620 Chestnut Long Beach, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit; 4,028‑square‑foot building on a 7,500‑square‑foot lot; Four single‑car garages and a central courtyard
