Long Beach Multifamily Investment
444 Chestnut Ave, Long Beach, CA 90802
MULTI_FAMILY - Long Beach, CA
Property size:
11,928 SFLot size:
0.17 AcresPrice / SF:
$310/SF- Added:
- Mar 3, 2026
- Days on Market:
- 72
- Last Refresh:
- May 14 at 3:06 pm
Property Features for 444 Chestnut Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LBR4N
- Bedrooms
- 9
- Bathrooms
- 19
- Rooms
- Bathroom 15, Bathroom 7, Bathroom 16, Bedroom 8, Bedroom 2, Bathroom 12, Bathroom 14, Bedroom 6, Bathroom 6, Bathroom 13, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 5, Bedroom 7, Bathroom 9, Bedroom 3, Bathroom 17, Bathroom 19, Bedroom 9, Bathroom 10, Bathroom 2, Bathroom 8, Bedroom 5, Bedroom 1, Bathroom 18, Bathroom 4, Bathroom 11
- Standard status
- Active
- APN
- 7280-011-008
- Size
- 11,928 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1927
- Floors in Building
- 3
- Number of units
- 19
Listing agent Jonathan Swire License #01336277 (310) 948-2631
Listing office The Agency 331 Foothill Rd. #100, Beverly Hills, CA (424) 230-3700
Listing date Mar 3, 2026
MLS# 26659109
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High investment returns: 9.5 GRM, 6.4% CAP, and potential for over 10% cash‑on‑cash return.
- Completely remodeled units and interior hallways in 2018/2019 with $400K in capital expenditures.
- Prime location: Blocks from Downtown Long Beach in the Historic District with a Walk Score of 95, near Pine Ave bars and restaurants.
- Excellent unit mix: Studio, 1, and 2‑bedroom units.
- Recent capital improvements: New water heater (2023) and sewer line replacement.
- Located in an area undergoing significant redevelopment: $8BB investment in Downtown Long Beach.
Overview
This 19-unit multifamily property is located blocks from Downtown Long Beach in the Historic District. The two-story walkup building features a unit mix of studio, one-bedroom, and two-bedroom apartments. All units were completely remodeled in 2018 and 2019, and the interior hallways have also been redone. The seller has invested over $400,000 in capital expenditures, including a new water heater in 2023 and the replacement of over 100 feet of sewer line. Onsite laundry facilities are located in the basement. The building is master-metered for all utilities. The property is professionally managed and well-maintained. With a Walk Score of 95, the building is situated blocks from the bars and restaurants on Pine Avenue in Downtown Long Beach. Downtown Long Beach is undergoing an $8 billion redevelopment, with new Class A apartments and retail being developed nearby. The lot size is 0.1723 acres. The property size is 11,928 square feet. The zoning is LBR4N.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
A Pinch of Salt Catering
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.195975
- Latitude
- 33.772603
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 19-unit apartment building near Downtown Long Beach. Fully remodeled.
Where is this apartment building located?
The property is located at 444 Chestnut Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $3,698,000.
What are key features of this property?
This property features: High investment returns: 9.5 GRM, 6.4% CAP, and potential for over 10% cash‑on‑cash return.; Completely remodeled units and interior hallways in 2018/2019 with $400K in capital expenditures.; Prime location: Blocks from Downtown Long Beach in the Historic District with a Walk Score of 95, near Pine Ave bars and restaurants.
