811 Chestnut Avenue, Long Beach, CA 90813

About this property

Completely tenant-ready! Located just outside of booming Downtown Long Beach, 811 Chestnut Ave is a well-maintained 4-plex with (4) tenant-ready 1Bed+1Bath units. Once the vacancies are rented out for market, the property will gross $6,700/month and operate at a 5.29% CAP and 13.50 GRM. 811 Chestnut Ave is the ideal investment for any owner/user looking to live in a unit and have their neighbors pay their mortgage! 811 Chestnut Ave is comprised of (4) 1Bed+1Bath units, approximately 650 SF each. (1) Unit has been completely renovated, featuring new flooring, appliances, fixtures and windows. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.

Listing description from the September 2022 sale, as reported to CRMLS.

Sale history

$1,000,000

Sold September 2022 · listed $1,050,000, orig. $1,100,000, on market May 2022 · MLS #SB22097448 · Source: CRMLS

Listing Agent: Cameron Samimi · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Andrew McAllister · Nationwide Real Estate Execs

$875,000

Sold March 2020 · on market January 2020 · MLS #PW20009535 · Source: CRMLS

Listing Agent: Jamee Lindberg · Listing Office: Re/Max R. E. Specialists · Contact: 562-493-3004 · Bought with: Jonathan Weir · Marcus & Millichap

$668,000

Sold March 2017 · listed $669,999, on market January 2017 · MLS #SR17008262 · Source: CRMLS

Listing Agent: George Kpachavi · Listing Office: Pinnacle Estate Properties, In · Contact: 818-933-3100 · Bought with: John Lindberg · Re/Max R. E. Specialists

$630,000

Sold November 2015 · on market April 2015 · MLS #PW15073478 · Source: CRMLS

Listing Agent: Joseph Ammirato · Listing Office: Mark 1 Real Estate, Inc. · Contact: 714-752-5718 · Bought with: Alex Sanchez · Intero Real Estate Services

$542,500

Sold May 2013 · listed $539,900, on market February 2013 · MLS #PW13021183 · Source: CRMLS

Listing Agent: Jeff Anderson · Listing Office: Keller Williams Pacific Estate · Contact: 562-513-7800 · Bought with: Joseph Ammirato · Pacific Blue Realty

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