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Long Beach, CA

$1,199,000

1273 Chestnut, Long Beach, CA
1928
Built
2
Days listed

About this home

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.

Facts & features

Interior
Laundry
Outside
Levels
Two
Exterior & lot
Lot size
0.084 acres (3,674 sq ft)
Pool
None
Year built
1928
Community
Area
4 - Downtown Area, Alamitos Beach
County
Los Angeles
Community features
Sidewalks
Listing details
Status
Active
Property type
Quadruplex
Days on market
2
Listed
2026-06-08
Terms
Submit
Parcel #
7272002030
MLS #
SB26124554
Listed by
Joshua Hammond · Compass

Location

Price history

Listed
$1,199,000 · 2026-06-08
Days on market
2
Current price
$1,199,000
Financing

Could this home be yours?

Estimated monthly payment
$7,522
$6,063 principal & interest · $1,459 taxes & insurance
$239,800
Estimate only
Loan $959,200

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Listing data provided by CRMLS

Listing courtesy of Compass. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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