444 Chestnut Avenue, Long Beach, CA 90802
19-unit walk-up multifamily with remodeled interiors and onsite basement laundry blocks from Downtown Long Beach.
- Added:
- Dec 26, 2025
- Days on Market:
- 178
- Last Refresh:
- Jun 6 at 2:28 am
Property Features for 444 Chestnut Avenue
General Information
- Standard status
- Active
- Size
- 11,928 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1927
Listing agent Jonathan Swire (714) 497-3550
Listing office The Agency
Listing date Dec 26, 2025
Source Sevengables
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Agency
HighLights
- 19‑unit two‑story walk‑up multifamily (built 1927) blocks from Downtown Long Beach on Pine Ave with a Walk Score of 95
- Unit mix includes studio, 1- and 2‑bedroom apartments; interiors, plus interior hallways, completely redone in 2018/2019
- Over $400K spent on CAP EX; new water heater installed in 2023 and over 100 ft of sewer line replaced
- Onsite laundry in the basement; building is master‑metered for all utilities
- No onsite parking; tenants can rent parking structures within blocks
- Current performance listed as 9.5 GRM and 6.4% cap rate, with a cash‑on‑cash return claim against in‑place rents
Overview
The property is located in the Historic District and is described as being blocks from Downtown Long Beach, including the area around Pine Avenue with bars and restaurants. The building has no onsite parking; however, parking structures within blocks are described as available for tenant rental.
For tenants and operators, the combination of updated unit interiors, professionally managed ownership, and on-site laundry supports a straightforward residential experience. The current unit count and studio-to-two-bedroom mix can provide flexibility for leasing, while the master-metered setup may be a consideration for buyers evaluating utility management. The listing notes that qualified buyers may request additional information, including a rent roll.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $436.6k | $36.60 |
| − Vacancy | −$21.8k | −$1.83 |
| EGI | $414.7k | $34.77 |
| − OpEx | −$186.6k | −$15.65 |
| NOI | $228.1k | $19.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1959749
- Latitude
- 33.7726033
