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Listed by Compass, Joshua Hammond, Listing Contact: 424-903-9319

$1,199,000

1273 Chestnut, Long Beach CA, 90813

Price per sqftN/A
Built in1928
Property typeResidential

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
CRSB26124554

Interior Features

Basement
No

Exterior Features

Lot Size
0.08 Acres
MLS provider logo

Listed by Compass, Joshua Hammond DRE:01815056,
Listing Contact: 424-903-9319 

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Data last updated 4:05 AM UTC, 10/4/2026

 

 

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