Completely tenant-ready! Located just outside of booming Downtown Long Beach, 811 Chestnut Ave is a well-maintained 4-plex with (4) tenant-ready 1Bed+1Bath units. Once the vacancies are rented out for market, the property will gross $6,700/month and operate at a 5.29% CAP and 13.50 GRM. 811 Chestnut Ave is the ideal investment for any owner/user looking to live in a unit and have their neighbors pay their mortgage! 811 Chestnut Ave is comprised of (4) 1Bed+1Bath units, approximately 650 SF each. (1) Unit has been completely renovated, featuring new flooring, appliances, fixtures and windows. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Multi-familyProperty Type
1923Year Built
2,508 sq ftLot Size
$411Est. Price/Sq.Ft.
Listed by Cameron Samimi•DRE #02035763• Lyon Stahl Investment Real Estate, Inc.
Listed by Evelyn Baez Gonzalez•DRE #02103055• Lyon Stahl Investment Real Estate, Inc.
Bought with Andrew McAllister•DRE #01946829• Nationwide Real Estate Execs
Terrific Investment Property Opportunity! Spacious 1 bedroom units with many repairs and updates to the property within the last 2 years. Including some new windows, new gas line to building, some new appliances, paint and flooring. One of the units is used as a 2 bedroom. Great location, close to the beach, restaurants and shopping.
CRMLS #SR17008262
Mar 10, 2017
Sold
$668,000
$260/sq ft
Mar 2, 2017
Pending
—
Feb 2, 2017
Contingent
—
Jan 13, 2017
Listed
$669,999
$261/sq ft
Great opportunity to own an investment property. This property is located just blocks away from the beach. Positive cash flow, great location and no rent control. This 4 unit property has 3 units currently rented, 1 unit is vacant, perfect for the new owner to live within the units. Located minutes from the transportation, restaurants and major freeways. Buyer to cooperate with Sellers 1031 exchange at no cost to buyer.
SDMLS #301769831
Mar 10, 2017
Sold
$668,000
$260/sq ft
Jan 13, 2017
Listed
$669,999
$261/sq ft
CRMLS #SR16753631
Jan 12, 2017
Listing Removed
—
Dec 5, 2016
Listed
$669,999
$261/sq ft
SDMLS #301768440
Jan 12, 2017
Listing Removed
—
Dec 5, 2016
Listed
$669,999
$261/sq ft
CRMLS #PW15073478
Nov 23, 2015
Sold
$630,000
$245/sq ft
Oct 7, 2015
Pending
—
Sep 30, 2015
Sold
$630,000
$245/sq ft
Sep 15, 2015
Pending
—
Jun 30, 2015
Relisted
—
May 27, 2015
Contingent
—
Apr 8, 2015
Listed
$630,000
$245/sq ft
SDMLS #301788727
Nov 23, 2015
Sold
$630,000
$245/sq ft
Apr 8, 2015
Listed
$630,000
$245/sq ft
CRMLS #PW14247998
Mar 31, 2015
Price Changed
$630,000
$245/sq ft
Mar 31, 2015
Listing Removed
—
Dec 23, 2014
Contingent
—
Nov 24, 2014
Listed
$629,000
$245/sq ft
CRMLS #PW13021183
May 21, 2013
Sold
$542,500
$211/sq ft
May 9, 2013
Pending
—
Apr 15, 2013
Pending
—
Mar 21, 2013
Relisted
—
Mar 21, 2013
Pending
—
Mar 19, 2013
Relisted
—
Mar 6, 2013
Pending
—
Mar 4, 2013
Relisted
—
Feb 28, 2013
Pending
—
Feb 22, 2013
Delisted
—
Feb 11, 2013
Listed
$539,900
$210/sq ft
CRMLS #P845715
Feb 4, 2013
Listing Removed
—
Jan 15, 2013
Listed
$539,000
$210/sq ft
CRMLS #P833361
Nov 22, 2012
Listing Removed
—
Oct 26, 2012
Price Changed
$499,900
$195/sq ft
Oct 8, 2012
Price Changed
$549,900
$214/sq ft
Oct 5, 2012
Price Changed
$539,900
$210/sq ft
Sep 18, 2012
Price Changed
$534,500
$208/sq ft
Aug 29, 2012
Listed
$529,000
$206/sq ft
CRMLS #R1101503
May 31, 2011
Sold
$325,000
$127/sq ft
Mar 22, 2011
Pending
—
Mar 1, 2011
Listed
$324,900
$127/sq ft
CRMLS #P655134
Sep 6, 2009
Listing Removed
—
Mar 13, 2009
Price Changed
$499,000
$194/sq ft
Sep 8, 2008
Listed
$599,000
$233/sq ft
CRMLS #P607040
Dec 26, 2007
Listing Removed
—
Oct 25, 2007
Listed
$820,000
$319/sq ft
CRMLS #S498403
Oct 25, 2007
Listing Removed
—
Jul 24, 2007
Listed
$820,000
$319/sq ft
CRMLS #S388145
Jun 15, 2005
Sold
$680,000
$265/sq ft
Mar 8, 2005
Listed
$665,000
$259/sq ft
CRMLS #P412180
Dec 26, 2004
Listing Removed
—
Aug 20, 2004
Listed
$640,000
$249/sq ft
CRMLS #P401806
Jun 28, 2004
Listed
$699,900
$273/sq ft
Jun 28, 2004
Listing Removed
—
Public Records
Feb 25, 2004
Sold
$500,000
$195/sq ft
CRMLS #P362170
Dec 1, 2003
Sold
$500,000
$195/sq ft
Sep 20, 2003
Listed
$514,900
$201/sq ft
Public Records
Apr 8, 2003
Sold
$374,000
$146/sq ft
CRMLS #P322409
Feb 23, 2003
Sold
$374,000
$146/sq ft
Dec 7, 2002
Listed
$369,000
$144/sq ft
CRMLS #P269432
Jan 28, 2002
Sold
$225,000
$88/sq ft
Nov 21, 2001
Listed
$224,900
$88/sq ft
CRMLS #P234502
Jul 6, 2001
Listing Removed
—
Apr 3, 2001
Listed
$199,900
$78/sq ft
CRMLS #R11180
Mar 29, 2001
Listing Removed
—
Feb 10, 2001
Listed
$198,900
$77/sq ft
CRMLS #R8519
Feb 1, 2001
Listing Removed
—
Oct 20, 2000
Listed
$199,900
$78/sq ft
CRMLS #P187726
Oct 10, 2000
Listing Removed
—
May 10, 2000
Listed
$194,900
$76/sq ft
CRMLS #P107936
Mar 31, 1999
Sold
$199,000
$77/sq ft
Public Records
Nov 19, 1998
Sold
$127,500
$50/sq ft
Public Records
Jul 19, 1994
Sold
$34,000
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,009 (+4.5%)
$647,336 + $413,871
$1,061,207
2024
$13,406 (+1.7%)
$634,644 + $405,756
$1,040,400
2023
$13,177 (+15.3%)
$622,200 + $397,800
$1,020,000
2022
$11,432 (+2.1%)
$610,000 + $390,000
$1,000,000
2021
$11,198 (+22.0%)
$587,423 + $314,322
$901,745
2020
$9,175 (+1.2%)
$575,905 + $308,159
$884,064
2019
$9,067 (+2.7%)
$498,767 + $210,118
$708,885
2018
$8,831 (+4.8%)
$488,988 + $205,999
$694,987
2017
$8,428 (+7.6%)
$448,800 + $193,800
$642,600
2016
$7,836 (+17.4%)
$448,800 + $193,800
$642,600
2015
$6,676 (−1.3%)
$440,000 + $190,000
$630,000
2014
$6,764 (+56.4%)
$381,725 + $163,237
$544,962
2012
$4,325 (−14.6%)
$216,342 + $118,473
$334,815
2011
$5,066 (−42.1%)
$212,100 + $116,150
$328,250
2010
$8,746 (+0.5%)
$282,108 + $120,903
$403,011
2009
$8,705 (+7.4%)
$403,868 + $330,438
$734,306
2008
$8,107
$404,828 + $331,223
$736,051
Tax history for 811 Chestnut Ave
Year
Property tax
Land + Additions
Assessment*
2025
$14,009 (+4.5%)
$647,336 + $413,871
$1,061,207
2024
$13,406 (+1.7%)
$634,644 + $405,756
$1,040,400
2023
$13,177 (+15.3%)
$622,200 + $397,800
$1,020,000
2022
$11,432 (+2.1%)
$610,000 + $390,000
$1,000,000
2021
$11,198 (+22.0%)
$587,423 + $314,322
$901,745
2020
$9,175 (+1.2%)
$575,905 + $308,159
$884,064
2019
$9,067 (+2.7%)
$498,767 + $210,118
$708,885
2018
$8,831 (+4.8%)
$488,988 + $205,999
$694,987
2017
$8,428 (+7.6%)
$448,800 + $193,800
$642,600
2016
$7,836 (+17.4%)
$448,800 + $193,800
$642,600
2015
$6,676 (−1.3%)
$440,000 + $190,000
$630,000
2014
$6,764 (+56.4%)
$381,725 + $163,237
$544,962
2012
$4,325 (−14.6%)
$216,342 + $118,473
$334,815
2011
$5,066 (−42.1%)
$212,100 + $116,150
$328,250
2010
$8,746 (+0.5%)
$282,108 + $120,903
$403,011
2009
$8,705 (+7.4%)
$403,868 + $330,438
$734,306
2008
$8,107
$404,828 + $331,223
$736,051
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
4
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
2,508 Sq. Ft.
Year renovated
1923
Sq. Ft.
2,568
Year built
1923
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
7272015028
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Feb 22, 2023 • Final
Reroof
Roofing
Dec 8, 2022 • Final
Remodel application
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Laundry Information
Has Laundry
Area
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 11273162
Listing Key Numeric: 368864820
Actual Rent: $1,675
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,675
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11273163
Listing Key Numeric: 368864820
Actual Rent: $1,675
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $16,750
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 368864820
Unit Key Numeric: 11273164
Actual Rent: $1,675
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,675
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 368864820
Unit Key Numeric: 11273165
Actual Rent: $1,675
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $1,675
Total # of Units: 1
Expenses
Total: $20,556
Multi-Unit Information
Net Operating Income: $57,432
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 2,568
Gross Scheduled Income: $80,400
Gross Operating Income: $77,988
Gross Multiplier: 13.5
Gross Income: $80,400
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 1
Vacancy Allowance Rate: 3
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre
Property Information
Common Interest: Community Apartment
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 7272015028
Attached Property
Total # of Stories: 2
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $20,556
Rent Control
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Urban
Location Information
Latitude: 33.77686300
Longitude: -118.19656900
Directions: Off Magnolia Ave and 7th St
Zoning: LBPD10
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,568
Stories: —
Lot Size: 2,508 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1923
Year Renovated: 1923
County: Los Angeles County
APN: 7272015028
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
Days Active in MLS: 62
Continuous Days Active in MLS: 62
Listing Agent Information
List Agent First Name: Cameron
List Agent Last Name: Samimi
Co-List Agent First Name: Evelyn
Co-List Agent Last Name: Baez Gonzalez
Listing Office Information
List Office Name: Lyon Stahl Investment Real Estate, Inc.
Co-List Office Name: Lyon Stahl Investment Real Estate, Inc.
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 • 0.3mi
3/10
Washington Middle School
Public 6-8 • Assigned • 1.7mi
4/10
Cabrillo High School
Public 9-12 • Assigned • 1.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
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