$3,698,000
-$1,000444 Chestnut Avenue, Long Beach CA 90802
Multi-Family (19 Units)
Property type
93 days
On market
$310
Price per sqft
N/A
Garage
1927
Year built
7,507 sqft
Lot size
Open Houses
Overview
Priced to sell - 9.5 GRM and 6.4% CAP. EARN OVER A 10% CASH ON CASH RETURN AGAINST IN PLACE RENTS. 19 units located blocks from Downtown Long Beach in the Historic District. All units were completely redone in 2018/2019 and are beautifully remodeled. The interior hallways were redone as well and the Seller spent over $400K on CAP EX. New Water Heater in 2023 and over 100...
Listing provided by: Jonathan Swire DRE #01336277 310-948-2631, The Agency
Listing updated: Mar 30, 2026 at 11:18pm.
Last checked: Jun 5, 2026 at 12:31am
Source: CRMLS #26659109
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 12 | 0 | 1 | — | $1,550 | $1,550 | $1,550 | Unfurnished |
| 6 | 1 | 1 | — | $1,750 | $1,750 | $1,750 | Unfurnished |
| 1 | 2 | 1 | — | $2,050 | $2,050 | $2,050 | Unfurnished |
# of Buildings: 1
# of Units Total: 19
Financial Snapshot
Gross Rent Multiplier
9.5x
List Price / Annual Gross Rent
Cap Rate
6.4%
NOI / List Price
Net Operating Income: $235,000
Interior
Cooling: None
Heating: Wall Furnace
Exterior
Stories Total: 3
Levels: Multi Split
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 7280011008
Zoning: LBR4N
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 444 Chestnut Avenue, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,958,400
Total Interest
$3,773,276
Total Payment
$6,731,676
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$22,701
per month
Property History for 444 Chestnut Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
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