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Long Beach

1273 Chestnut

About This Property

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.

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

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Listing courtesy of Compass

Listing data from CRMLS. Deemed reliable but not guaranteed.

Asking Price

$1,199,000

Est. Monthly Payment

$7,661/mo

20% down · 6.5% rate · 30yr

Run the Numbers

Listing Agent

Joshua Hammond

Compass