$2,800,000
1070 Chestnut , Long Beach, CA 90813
- 6,480
- sqft
- 1956
- year built
- Status:
- Active
- MLS #:
- PW26099843
- Neighborhood:
- Willmore District (WM)
- County:
- Los Angeles
- Listed By:
- Robert Stepp - Keller Williams Realty Downey
- Agent Phone:
- (310) 774-3740
- Agent Email:
- rstepp@steppcommercial.com
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.
Highlights
- Residential Income
- Condominium
- Built in 1956
- 0.1716 Acre Lot
- 0 Car Garage
- 184 days on Market
-
- Year Built
- 1956
-
- Stories
- 2.0
-
- Garage Spaces
- 0.0
-
- Pool Features
- None
-
- Acres
- 0.1716
-
- Water
- Public
-
- Area
- 4 - Downtown Area, Alamitos Beach
-
- County
- Los Angeles
-
- City
- Long Beach
-
- Neighborhood
- Willmore District (WM)
-
- Zip Code
- 90813
-
Nearby Schools
-
48out of 100
-
28out of 100
-
77out of 100
-
47out of 100
-
54out of 100
-
53out of 100
-
91out of 100
-
53out of 100
-
100out of 100
-
79out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Frequently Asked Questions
How do I schedule a tour of 1070 Chestnut?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1070 Chestnut.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 1070 Chestnut?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,800,000. We can talk through recent upgrades, potential seller motivation, how this condominium compares to others in Long Beach, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1070 Chestnut?
With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 1070 Chestnut at around $15,182. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 1070 Chestnut?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Los Angeles County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 1070 Chestnut?
In most cases, yes. Whether 1070 Chestnut is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Long Beach's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 1070 Chestnut?
We can handle that for you. Our preferred local agent specializes in residential incomes in Long Beach and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $2,800,000 with 6,480 sqft of space—that comes out to approximately $432 per square foot.
How long has this property been on the market?
1070 Chestnut was listed on May 07, 2026, which means it's been on the market for 184 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1956, making it approximately 70 years old.
What is the lot size of this property?
1070 Chestnut sits on a 0.17-acre lot, which is 7,405 square feet.
Is 1070 Chestnut still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information from California Regional Multiple Listing Service as of November 07, 2026 at 05:18PM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: November 07, 2026 at 05:18PM | Source: California Regional Multiple Listing Service | MLS#: PW26099843
