$2,800,000
1070 Chestnut, Long Beach CA 90813
Multi-Family (12 Units)
Property type
29 days
On market
$432
Price per sqft
0 cars
Garage
1956
Year built
7,477 sqft
Lot size
Open Houses
Overview
1070 Chestnut Avenue is a 12-unit multifamily asset located in the Long Beach, California within the Willmore Historic District submarket. The property consists entirely of 1 bedroom / 1 bath units, offering a functional and consistent unit mix with a combination of original character and select interior upgrades. Condo Conversion Optionality: Each unit has a separate APN,...
Listing provided by: Robert Stepp DRE #01456379 310-774-3740, Keller Williams Realty Downey
Listing updated: May 8, 2026 at 01:37pm.
Last checked: Jun 4, 2026 at 11:00am
Source: CRMLS #PW26099843
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 12 | 1 | 1 | — | $1,788 | $21,456 | $1,850 | Unfurnished |
# of Buildings: 1
# of Units Total: 12
Separate Electric Meters: 12
Separate Gas Meters: 12
Separate Water Meters: 12
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
10.8x
List Price / Annual Gross Rent
Cap Rate
5.9%
NOI / List Price
Gross Scheduled Income: $258,384
Operating Expense: $85,341
Net Operating Income: $165,291
Annual Operating Expenses
Electric: $2,640
Gardener: $1,200
Fuel: $2,640
Insurance: $10,000
Licenses: $1,000
Maintenance: $7,800
New Taxes: $38,035
Pest Control: $1,215
Professional Management: $12,532
Trash: $2,640
Water / Sewer: $2,640
Other Expense: $3,000
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 6
Parking Total: 6
Lot Information
Land Lease: No
Common Interest: Condominium
Parcel #: 7272006047
Additional Parcels: Yes
Tax Lot: 8
Tax Block: 8
Subdivision: Willmore District (WM)
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1070 Chestnut, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,240,000
Total Interest
$2,856,997
Total Payment
$5,096,997
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,225
per month
Property History for 1070 Chestnut
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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