USACALong BeachWillmore District (Wm)1070 Chestnut

New

$2,800,000

For Sale

16 hours ago

1070 Chestnut, Long Beach, CA

Name: 1070 Chestnut, For Sale in Long Beach - eXp Realty
Brand: Keller Williams Realty Downey
SKU: PW26099843
Price: 2800000 USD

Condo

MLS® PW26099843

0 Bed

0 Bath

6 Parking

Key Facts
Description
Map

Key Facts

Type Condominium

Levels Residential Income

Size -

Garage

HOA Fees

Taxes

Days Active 0

Approx. Age 1956

MLS® Number PW26099843

Property Address: 1070 Chestnut, Long Beach, CA, 90813

Average square foot calculated using Size range provided by listing agent.

Description

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, creating the potential for future individual condominium sales. The property has benefited from several recent capital improvements, reducing near-term maintenance exposure and enhancing operational stability. These include: New roof, windows, and upgraded electrical system, Line-X sewer line replacement, Recently installed individual water heaters, and Upgraded wall-mounted furnaces in select units. Each unit is individually metered for gas and electricity and features its own water heater, supporting efficient utility management and expense control. The asset produces stable, reliable cash flow, with a majority of tenants participating in subsidized housing programs through Housing Authority of the City of Los Angeles and Housing Authority of the City of Long Beach. This structure provides consistent rental income and mitigates vacancy risk. Additional income is generated through on-site laundry facilities. The property also offers multiple avenues for further revenue growth: Parking Income: Six (6) rear parking spaces present an immediate opportunity to implement parking fees with no additional capital investment, ADU Potential: The rear parking area may support future ADU development, and allowing for increased density and rental income. Situated in Willmore Historic District, the property benefits from convenient access to major transportation corridors, including the nearby 710 Freeway, providing connectivity to employment centers throughout Long Beach and greater Los Angeles.

MLS® NumberPW26099843

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1956

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 7, 2026List Date

$2,800,000List Price

Home Appraisal

This property is estimated to sell between: $557,000 and $3,922,000.

Similar properties in this area sold on average for: $557,750

Expected to sell in 91 days. Similar properties sold in 91 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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