Good potential for these bread and butter income units. Located near the vibrant downtown area, this property offers opportunities for the savvy investor. Please do not bother the tenants. Tenants are not aware property is for sale. Make offer subject to interior inspection.
Multi-familyProperty Type
1922Year Built
7,565 sq ftLot Size
$322Price/Sq.Ft.
Listed by Walter Bowman•DRE #00444341• Bowman Real Estate
Bought with Jonathan Swire•DRE #01336277• The Agency
Good potential for these bread and butter income units. Located near the vibrant downtown area, this property offers opportunities for the savvy investor. Please do not bother the tenants. Tenants are not aware property is for sale. Make offer subject to interior inspection.
Good potential for these bread and butter income units. Located near the vibrant downtown area, this property offers opportunities for the savvy investor. Please do not bother the tenants. Tenants are not aware property is for sale. Make offer subject to interior inspection.
CRMLS #PW17263977
Feb 1, 2018
Sold
$1,335,000
$322/sq ft
Dec 15, 2017
Contingent
—
Dec 9, 2017
Relisted
—
Dec 2, 2017
Contingent
—
Nov 25, 2017
Listed
$1,319,000
$318/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$36,582 (+4.5%)
$1,788,609 + $970,486
$2,759,095
2024
$35,012 (+1.8%)
$1,753,539 + $951,457
$2,704,996
2023
$34,403 (+6.6%)
$1,719,156 + $932,801
$2,651,957
2022
$32,287 (+73.7%)
$1,685,448 + $914,511
$2,599,959
2021
$18,590 (+0.2%)
$1,652,400 + $896,580
$2,548,980
2020
$18,544 (+1.2%)
$982,851 + $420,471
$1,403,322
2019
$18,323 (+304.1%)
$972,774 + $416,160
$1,388,934
2018
$4,534 (+1.2%)
$953,700 + $408,000
$1,361,700
2017
$4,481 (+6.7%)
$91,708 + $138,550
$230,258
2016
$4,199 (+3.2%)
$91,708 + $138,550
$230,258
2015
$4,067 (−1.2%)
$89,910 + $135,834
$225,744
2014
$4,116 (+1.8%)
$86,826 + $131,174
$218,000
2012
$4,042 (+3.3%)
$86,434 + $130,582
$217,016
2011
$3,913 (+1.1%)
$84,740 + $128,022
$212,762
2010
$3,871 (+3.2%)
$83,079 + $125,512
$208,591
2009
$3,750 (+7.3%)
$82,459 + $124,574
$207,033
2008
$3,495
$82,655 + $124,870
$207,525
Tax history for 844 Chestnut Ave
Year
Property tax
Land + Additions
Assessment*
2025
$36,582 (+4.5%)
$1,788,609 + $970,486
$2,759,095
2024
$35,012 (+1.8%)
$1,753,539 + $951,457
$2,704,996
2023
$34,403 (+6.6%)
$1,719,156 + $932,801
$2,651,957
2022
$32,287 (+73.7%)
$1,685,448 + $914,511
$2,599,959
2021
$18,590 (+0.2%)
$1,652,400 + $896,580
$2,548,980
2020
$18,544 (+1.2%)
$982,851 + $420,471
$1,403,322
2019
$18,323 (+304.1%)
$972,774 + $416,160
$1,388,934
2018
$4,534 (+1.2%)
$953,700 + $408,000
$1,361,700
2017
$4,481 (+6.7%)
$91,708 + $138,550
$230,258
2016
$4,199 (+3.2%)
$91,708 + $138,550
$230,258
2015
$4,067 (−1.2%)
$89,910 + $135,834
$225,744
2014
$4,116 (+1.8%)
$86,826 + $131,174
$218,000
2012
$4,042 (+3.3%)
$86,434 + $130,582
$217,016
2011
$3,913 (+1.1%)
$84,740 + $128,022
$212,762
2010
$3,871 (+3.2%)
$83,079 + $125,512
$208,591
2009
$3,750 (+7.3%)
$82,459 + $124,574
$207,033
2008
$3,495
$82,655 + $124,870
$207,525
*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
—
Baths
6
Stories
—
Lot width
—
Lot depth
—
Lot size
7,565 Sq. Ft.
Year renovated
—
Sq. Ft.
2,016
Year built
1922
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
7272014004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Sep 7, 2018 • Final
Electrical
Electrical
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
Community
Interior Features
Levels: One
Unit Type 1 Information
Unit Key Numeric: 10423579
Listing Key Numeric: 232061180
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total Rent: $600
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 10423580
Listing Key Numeric: 232061180
Actual Rent: $500
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $500
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 232061180
Unit Key Numeric: 10423581
Actual Rent: $700
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $700
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 232061180
Unit Key Numeric: 10423582
Actual Rent: $500
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $500
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 10423583
Listing Key Numeric: 232061180
Actual Rent: $600
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $600
Total # of Units: 1
Unit Type 6 Information
Listing Key Numeric: 232061180
Unit Key Numeric: 10423584
Actual Rent: $500
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $500
Total # of Units: 1
Unit Type 7 Information
Unit Key Numeric: 10423585
Listing Key Numeric: 232061180
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $625
Total # of Units: 1
Unit Type 8 Information
Unit Key Numeric: 10423586
Listing Key Numeric: 232061180
Actual Rent: $500
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $500
Total # of Units: 1
Unit Type 9 Information
Unit Key Numeric: 10423587
Listing Key Numeric: 232061180
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $625
Total # of Units: 1
Unit Type 10 Information
Unit Key Numeric: 10423588
Listing Key Numeric: 232061180
Actual Rent: $550
Total # of Baths: 1
Furnished: Unfurnished
Total Rent: $550
Total # of Units: 1
Expenses
Trash: $1,200
Total: $33,025
Maintenance: $2,619
Insurance: $2,000
Water Sewer: $3,053
Electric: $3,300
New Taxes: $16,488
Multi-Unit Information
Net Operating Income: $51,656
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: 4,152
Gross Scheduled Income: $87,300
Gross Operating Income: $84,681
Gross Income: $87,300
Maintenance Percent: 3
# Of Leased Units: 10
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 1
# Of Buildings: 2
Operating Expense Percent: $38
Vacancy Allowance Rate: 3
Vacancy Allowance: 2619
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Level with Street, Park Nearby
Property Information
Total # of Units: 13
Common Walls: 2+ common walls, No one above, No one below
Parcel Number: 7272014004
Attached Property
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $33,025
Tenant Pays: None
Total Actual Rent: $5,425
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Sidewalks, Urban
Location Information
Latitude: 33.77744000
Longitude: -118.19597700
Other Subdivision Name: Alamitos Beach (AB)
Directions: East of Magnolia, north of 8th
Subdivision Name: Alamitos Beach (AB)
Zoning: LBPD10
Public facts
Beds: —
Baths: 6.0
Sq. Ft.: 2,016
Stories: —
Lot Size: 7,565 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1922
Year Renovated: —
County: Los Angeles County
APN: 7272014004
Home facts updated by county records on Oct 6, 2026
Other
Listing Information
Days Active in MLS: 19
Continuous Days Active in MLS: 19
Listing Agent Information
List Agent First Name: Walter
List Agent Last Name: Bowman
Listing Office Information
List Office Name: Bowman Real Estate
Selling Agent Information
Buyer Agent First Name: Jonathan
Buyer Agent Last Name: Swire
Selling Office Information
Buyer Office Name: The Agency
Around this home
Schools
International Elementary School
Public K-5 • Assigned • 0.3mi
5/10
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
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)
69
50
69
52
72
55
71
56
73
60
75
63
80
65
81
66
79
67
75
60
70
54
67
53
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.