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Off market sep 2018 for $1.2M

—

Est. refi paymentEst. refi $2,436/mo

•

9 ba

•

3,138

sq ft

1027 Chestnut Ave, Long Beach, CA 90813

About this home

Incredible value add opportunity in the heart of Downtown Long Beach's "Drake Park" neighborhood. Roughly 25% upside in monthly income and a 6.68% cap rate at market rents. Three Buildings: (1) 3 Bed / 2 bath detached house, (5) - Studios and (2) - Studios above a 3 car garage. Unit 1027 was just remodeled with two-tone paint, vinyl plank floors, granite counters & updated fixtures and will be rented for $1095. Some units are modestly updated including new kitchen & bathroom tiling, refinished original hardwood flooring and crown molding in the detached house, new gas ranges and two-tone interior paint.

Multi-familyProperty Type

1923Year Built

9,827 sq ftLot Size

$395Price/Sq.Ft.

3 car garageParking

Listed by Andrew McAllister •DRE #01946829 • Nationwide Real Estate Execs

Bought with Andrew McAllister •DRE #01946829 • Nationwide Real Estate Execs

Redfin checked: 2 minutes ago

•Source:CRMLS #RS18093079

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 90813, CA

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.4%

+2.4% MoM

Median sale price

$710K

$15K MoM

Avg. days on market

54d

15 days MoM

Recently sold homes

2 MoM

New listings for sale

$2,195,000
10 beds8 baths4,722 sq ft
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$979,000
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$525,000
2 beds2 baths1,085 sq ft
801 Pine Ave #205, Long Beach, CA 90813
OPEN OCT 13, 12PM TO 2PM
$648,800
3 beds1 bath1,662 sq ft
1700 E 7th, Long Beach, CA 90813
Vision Realty Plus, Inc
$3,700,000
30 beds16 baths10,432 sq ft
1019 Lewis, Long Beach, CA 90813
COMING SOON
$530,000
2 beds2 baths940 sq ft
1500 Pine, Long Beach, CA 90813
Century 21 Masters
$2,895,000
17 beds16 baths10,800 sq ft
1439 Cedar, Long Beach, CA 90813
Jamison Management Company
See all

Provided by Redfin

Sale history for 1027 Chestnut Ave

Date

Event

Price

RENT. #1

Jul 11, 2022

Price Changed

$1,350

$0/sq ft

SDMLS #301737385

Sep 11, 2018

Sold

$1,240,000

$395/sq ft

Apr 23, 2018

Listed

$1,388,000

$442/sq ft

+11

CRMLS #RS18093079

Sep 11, 2018

Sold

$1,240,000

$395/sq ft

Aug 6, 2018

Contingent

—

Apr 23, 2018

Listed

$1,388,000

$442/sq ft

+11

CRMLS #PW13092197

Apr 23, 2014

Sold

$750,000

$239/sq ft

Jan 13, 2014

Pending

—

Nov 6, 2013

Price Changed

$759,000

$242/sq ft

Sep 3, 2013

Price Changed

$795,000

$253/sq ft

Jun 25, 2013

Price Changed

$829,000

$264/sq ft

May 17, 2013

Listed

$845,000

$269/sq ft

CRMLS #P806258

Dec 15, 2012

Sold

$590,000

$188/sq ft

Dec 3, 2012

Pending

—

Sep 5, 2012

Price Changed

$619,500

$197/sq ft

Jul 16, 2012

Price Changed

$649,000

$207/sq ft

May 14, 2012

Price Changed

$659,000

$210/sq ft

Feb 2, 2012

Price Changed

$675,000

$215/sq ft

Dec 17, 2011

Listed

$695,000

$221/sq ft

CRMLS #P738989

Dec 10, 2010

Listing Removed

—

Jun 11, 2010

Listed

$795,000

$253/sq ft

Public Records

Mar 12, 2010

Sold

$550,000

$175/sq ft

Public Records

Dec 2, 2005

Sold

$630,000

$201/sq ft

Public Records

Feb 28, 1985

Sold

$235,000

$75/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$19,780 (+4.4%)

$1,012,665 + $438,062

$1,450,727

2024

$18,951 (+1.8%)

$992,809 + $429,473

$1,422,282

2023

$18,613 (+7.8%)

$973,343 + $421,052

$1,394,395

2022

$17,262 (+2.1%)

$954,258 + $412,797

$1,367,055

2021

$16,908 (+0.3%)

$935,548 + $404,703

$1,340,251

2020

$16,865 (+1.2%)

$917,204 + $396,768

$1,313,972

2019

$16,666 (+53.5%)

$907,800 + $392,700

$1,300,500

2018

$10,858 (+1.1%)

$890,000 + $385,000

$1,275,000

2017

$10,741 (+7.3%)

$554,528 + $237,653

$792,181

2016

$10,007 (+4.0%)

$554,528 + $237,653

$792,181

2015

$9,618 (+23.4%)

$543,655 + $232,994

$776,649

2014

$7,797 (+3.6%)

$411,861 + $180,817

$592,678

2012

$7,525 (+4.0%)

$410,000 + $180,000

$590,000

2011

$7,235 (−14.5%)

$395,656 + $169,566

$565,222

2010

$8,461 (+0.9%)

$387,899 + $166,242

$554,141

2009

$8,385 (+7.4%)

$444,650 + $222,324

$666,974

2008

$7,810

$445,707 + $222,853

$668,560

Tax history for 1027 Chestnut Ave

Year

Property tax

Land + Additions

Assessment*

2025

$19,780 (+4.4%)

$1,012,665 + $438,062

$1,450,727

2024

$18,951 (+1.8%)

$992,809 + $429,473

$1,422,282

2023

$18,613 (+7.8%)

$973,343 + $421,052

$1,394,395

2022

$17,262 (+2.1%)

$954,258 + $412,797

$1,367,055

2021

$16,908 (+0.3%)

$935,548 + $404,703

$1,340,251

2020

$16,865 (+1.2%)

$917,204 + $396,768

$1,313,972

2019

$16,666 (+53.5%)

$907,800 + $392,700

$1,300,500

2018

$10,858 (+1.1%)

$890,000 + $385,000

$1,275,000

2017

$10,741 (+7.3%)

$554,528 + $237,653

$792,181

2016

$10,007 (+4.0%)

$554,528 + $237,653

$792,181

2015

$9,618 (+23.4%)

$543,655 + $232,994

$776,649

2014

$7,797 (+3.6%)

$411,861 + $180,817

$592,678

2012

$7,525 (+4.0%)

$410,000 + $180,000

$590,000

2011

$7,235 (−14.5%)

$395,656 + $169,566

$565,222

2010

$8,461 (+0.9%)

$387,899 + $166,242

$554,141

2009

$8,385 (+7.4%)

$444,650 + $222,324

$666,974

2008

$7,810

$445,707 + $222,853

$668,560

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

6,863 Sq. Ft.

Year renovated

—

Sq. Ft.

1,500

Year built

1923

Style

Multi-Family (5+ Unit)

County

Los Angeles County

APN

7272007008

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 6, 2026.

Property details

Parking

Parking / Garage Information
# of Garage Spaces: 3
# of Parking Spaces: 3

Interior

Laundry Information
None, Washer Hookup

Interior Features
Levels: One

Unit Type 1 Information
Unit Key Numeric: 10440345
Listing Key Numeric: 326098210
Actual Rent: $2,095
Total # of Baths: 2
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $2,095
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 10440346
Listing Key Numeric: 326098210
Actual Rent: $1,095
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $1,095
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 326098210
Unit Key Numeric: 10441538
Actual Rent: $945
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $945
Total # of Units: 1

Unit Type 4 Information
Listing Key Numeric: 326098210
Unit Key Numeric: 10441539
Actual Rent: $895
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $895
Total # of Units: 1

Unit Type 5 Information
Unit Key Numeric: 10441540
Listing Key Numeric: 326098210
Actual Rent: $890
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $890
Total # of Units: 1

Unit Type 6 Information
Listing Key Numeric: 326098210
Unit Key Numeric: 10441541
Actual Rent: $890
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $890
Total # of Units: 1

Unit Type 7 Information
Unit Key Numeric: 10441542
Listing Key Numeric: 326098210
Actual Rent: $820
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $820
Total # of Units: 1

Unit Type 8 Information
Unit Key Numeric: 10441543
Listing Key Numeric: 326098210
Actual Rent: $870
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $870
Total # of Units: 1

Expenses
Fuel Expense: $742
Trash: $456
Total: $32,117
Pest Control: $960
Maintenance: $6,500
Insurance: $2,362
Water Sewer: $1,381
Electric: $20
New Taxes: $18,005
Gardener: $780

Multi-Unit Information
Net Operating Income: $66,823
Average 3 Bed Area Units: Sq. Ft.
Average 3 Bed Area: 1,038
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 3,138
Gross Scheduled Income: $102,000
Gross Operating Income: $98,940
Gross Multiplier: 13.61
Gross Income: $102,660
# Of Leased Units: 8
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 11
# Of Separate Electric Meters: 11
# Of Buildings: 3
Operating Expense Percent: $32
Vacancy Allowance Rate: 3
Vacancy Allowance: 3060

Exterior

Exterior Features
Pool Features: None

Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Lot 6500-9999, Lot-Level/Flat, Near Public Transit, Paved

Property Information
Total # of Units: 8
Common Walls: No Common Walls
Parcel Number: 7272007008
Total # of Stories: 1
Year Built Source: Assessor

Financial

Assesments Information
Assessments: Special Assessments

Lease / Rental Details
Operating Expense: $32,117
Other Expense: $780
Other Expense Description: Pest
Tenant Pays: Electricity, Gardener
Total Actual Rent: $8,500

Utilities

Utilities Information
Sewer: Public Sewer
Water Source: District/Public

Location

Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting, Urban

Location Information
Latitude: 33.77960200
Longitude: -118.19662100
Other Subdivision Name: Drake Park (DP)
Directions: Magnolia & West 10th Street
Subdivision Name: Drake Park (DP)
Zoning: LBPD10

Public facts

Beds: —
Baths: 5.0
Sq. Ft.: 1,500
Stories: —
Lot Size: 6,863 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1923
Year Renovated: —
County: Los Angeles County
APN: 7272007008

Home facts updated by county records on Oct 6, 2026

Other

Listing Information
Days Active in MLS: 105
Continuous Days Active in MLS: 105

Listing Agent Information
List Agent First Name: Andrew
List Agent Last Name: McAllister

Listing Office Information
List Office Name: Nationwide Real Estate Execs

Selling Agent Information
Buyer Agent First Name: Andrew
Buyer Agent Last Name: McAllister

Selling Office Information
Buyer Office Name: Nationwide Real Estate Execs

Around this home

Schools

Edison Elementary School

Public K-5 • Assigned • 0.4mi

3/10

Washington Middle School

Public 6-8 • Assigned • 1.6mi

4/10

Cabrillo High School

Public 9-12 • Assigned • 1.5mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 88° expected this year, 24 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

9 unhealthy days expected this year, 10 days in 30 years

Provided by First Street

Historical weather

Long Beach, CA • 90813

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 6.9 hours in December, placing it above the U.S. average for solar exposure.

9.1 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 1027 Chestnut Ave

Data from public records.

Address	Redfin Estimate
1053 Chestnut Ave, Long Beach, CA 3 Beds \| 2 Baths \| 1368 Sq. Ft.	$636,484
1033 Chestnut Ave, Long Beach, CA 4 Beds \| 2 Baths \| 1693 Sq. Ft.	$757,353

Address	Redfin Estimate
1047 Chestnut Ave, Long Beach, CA 3 Beds \| - Baths \| 1027 Sq. Ft.	$744,146
1021 Chestnut Ave, Long Beach, CA 2 Beds \| 5 Baths \| 2738 Sq. Ft.	$1,124,139

Address	Redfin Estimate
1043 Chestnut Ave, Long Beach, CA 4 Beds \| 1 Baths \| 1398 Sq. Ft.	$648,147
1017 Chestnut Ave, Long Beach, CA 4 Beds \| 2 Baths \| 1646 Sq. Ft.	$782,607

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 90813, CA

Sale history for 1027 Chestnut Ave

Tax history for 1027 Chestnut Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 90813

Home values near 1027 Chestnut Ave

More real estate resources