1430 Chestnut Ave

12
Baths
6,402 Sq. Ft.
$334 / Sq. Ft.
6,402
Sq. Ft.
$334
per Sq. Ft.

Description

PRICED TO SELL. 9.4 GRM AND 7.0% CAP against in-place rents with upside to 7.7% CAP. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 25% down. Loan quote provided by David Guevara. Momenta...PRICED TO SELL. 9.4 GRM AND 7.0% CAP against in-place rents with upside to 7.7% CAP. 12 units (all 1+1's) located blocks from downtown Long Beach. Well-maintained and professionally managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). Exterior and all interiors were updated in 2019. No onsite parking. There is an on-site laundry room that is currently not being used. Qualified Buyers can put as little as 25% down. Loan quote provided by David Guevara. Momenta Capital Group. Email listing agent for more info including a rent roll and om.
  1. Listed by Jonathan Swire • DRE #01336277 • Brokerage DRE #01738973 • The Agency

Property Details for 1430 Chestnut Avenue

Zoning
LBR4N
Parcel Number
7269041020
Total Units
12.0
Living Area
6402
Source Living Area
Vendor Enhanced
Area
Downtown Area, Alamitos Beach (4)
Vacancy Rate
0%
Lot Size Area
6772
LISTING UPDATED: 11/13/2025 12:36 PM

Property Details for 1430 Chestnut Avenue

StatusSold
MLS #25543757
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.16 AC / 6,772 SF
CountyLos Angeles County

Location

Listing Courtesy of The Agency, Jonathan Swire, DRE #01336277

Sold By Buckingham Investments, Inc, Anthony Walker, DRE #01908153

Add your commute

Building Information for 1430 Chestnut Avenue

Stories2Residences-Year Built1948Building Size-Lot Size0.16 AC / 6,772 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$12,849 per month

30 year fixed, 6.15% Interest

Principal and Interest

$10,430

Property Taxes

$2,419

HOA Dues

$0

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Property Information for 1430 Chestnut Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $225,000
  • Net Operating Income: $150,000.00
  • Gross Income: $227,000
  • Cap Rate: 7.00%
  • Gross Rent Multiplier: $9.40
  • Total Annual Expense: 71000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1555
  • Lot Size Square Feet: 6772
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-27-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $1,595.00
  • Unit Projected Rent: $1,695.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,382,460.00
  • Assessed Improvement Percent: 66.94
  • Assessed Land Value: $682,695.00
  • Assessed Land Percent: 33.06
  • Assessed Total Value: $2,065,155.00

Property History for 1430 Chestnut Avenue

DateEvent & SourcePriceAppreciation
Nov 13, 2025

Sold

CRMLS #25543757

$2,140,000—
Nov 13, 2025

Sold

CLAW #25543757

$2,140,000—
Nov 3, 2025

Sold (Public Record)

Public Record #1919250433

$2,125,000

+1.8% / yr

Sep 24, 2025

Pending

CLAW #25543757

—
Sep 24, 2025

Pending

CRMLS #25543757

—
Aug 14, 2025

Price Change

CLAW #25543757

$2,169,000—
Aug 14, 2025

Price Change

CRMLS #25543757

$2,169,000—
Jun 17, 2025

Price Change

CLAW #25543757

$2,200,000—
Jun 17, 2025

Price Change

CRMLS #25543757

$2,200,000—
Jun 6, 2025

Price Change

CLAW #25543757

$2,270,000—
Jun 6, 2025

Price Change

CRMLS #25543757

$2,270,000—
May 27, 2025

Listed (Active)

CRMLS #25543757

$2,275,000—
May 27, 2025

Listed (Active)

CLAW #25543757

$2,275,000—
Feb 27, 2017

Sold (Public Record)

Public Record #591326705

$1,815,000

+8.0% / yr

Jun 20, 2009

Sold

CRMLS #CC223171

$1,000,000—
Jun 20, 2009

Sold

CRMLS #P648315

$1,000,000—
Jun 20, 2009

Sold

CLAW #P648315MR

$1,000,000—
May 29, 2009

Sold (Public Record)

Public Record #269291825

$1,000,000

+0.8% / yr

May 20, 2009

Pending

CLAW #P648315MR

—
May 20, 2009

Pending

CRMLS #P648315

—
Jul 23, 2008

Listed (Active)

CLAW #P648315MR

$1,025,000—
Jul 23, 2008

Listed (Active)

CRMLS #CC223171

$1,025,000—
Jul 23, 2008

Listed (Active)

CRMLS #P648315

$1,025,000—
Mar 1, 2006

Sold (Public Record)

Public Record #191072385

$975,000—
DateEvent & SourcePrice
11/13/2025

Sold

CRMLS #25543757

$2,140,000
11/13/2025

Sold

CLAW #25543757

$2,140,000
11/03/2025

Sold (Public Record)

Public Record #1919250433

$2,125,000

+1.8% / yr

09/24/2025

Pending

CLAW #25543757

—
09/24/2025

Pending

CRMLS #25543757

—
08/14/2025

Price Change

CLAW #25543757

$2,169,000
08/14/2025

Price Change

CRMLS #25543757

$2,169,000
06/17/2025

Price Change

CLAW #25543757

$2,200,000
06/17/2025

Price Change

CRMLS #25543757

$2,200,000
06/06/2025

Price Change

CLAW #25543757

$2,270,000
06/06/2025

Price Change

CRMLS #25543757

$2,270,000
05/27/2025

Listed (Active)

CRMLS #25543757

$2,275,000
05/27/2025

Listed (Active)

CLAW #25543757

$2,275,000
02/27/2017

Sold (Public Record)

Public Record #591326705

$1,815,000

+8.0% / yr

06/20/2009

Sold

CRMLS #CC223171

$1,000,000
06/20/2009

Sold

CRMLS #P648315

$1,000,000
06/20/2009

Sold

CLAW #P648315MR

$1,000,000
05/29/2009

Sold (Public Record)

Public Record #269291825

$1,000,000

+0.8% / yr

05/20/2009

Pending

CLAW #P648315MR

—
05/20/2009

Pending

CRMLS #P648315

—
07/23/2008

Listed (Active)

CLAW #P648315MR

$1,025,000
07/23/2008

Listed (Active)

CRMLS #CC223171

$1,025,000
07/23/2008

Listed (Active)

CRMLS #P648315

$1,025,000
03/01/2006

Sold (Public Record)

Public Record #191072385

$975,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1430 Chestnut Avenue

Taxable ValueLand$696,348Additions$1,412,149Total$2,108,497
Tax Record2025$29,029 ($2,419 / month)
Home Facts
Total Finished SqFt6,402 SqFtAbove Grade Finished SqFt6,402 SqFtLot Size6,772 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLBR4NCountyLOS ANGELESAPN7269-041-020

Schools near 1430 Chestnut Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
International Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency, Jonathan Swire, DRE #01336277

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.