1471 Chestnut Ave, Long Beach, CA 90813
SOLD
DEC 12, 2025
Listed by Anthony Walker, Buckingham Investments, Inc, (310) 982-7055 . Bought with Buckingham Investments, Inc

1471 Chestnut Ave
Long Beach, CA 90813

Washington School
  • 10 Beds
  • 8 Baths
  • 4,276 sqft

$1,195,000

Last Sold: Dec 12, 2025
$279/sqft
Est. Refi. Payment $7,274/mo*
Refinance Your Home

$1,195,000

Last Sold: Dec 12, 2025
$279/sqft
Est. Refi. Payment $7,274/mo*
Refinance Your Home
10 Beds
8 Baths
4,276 sqft

Local Information

  • Map ViewExplore the area around 1471 Chestnut Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Cheapest full sized 5 unit in the whole city at only $279/square foot. 100% 2 bedroom units: three with 2 baths, two with 1 bath. Average unit size of over 850 square feet. Skip the smaller properties and go straight to commercial positive leverage with rates in the high 5%'s and a 6.2% cap rate on actual rents. Very strong in-place income at 9.8X GRM on actuals with 13% upside to 8.7X GRM and a market cap rate of 7.4%. Electrical main panels and sub-panels replaced in 2000. 3 out of 5 units remodeled and leased in the last 2 years. 5 garages in rear for 1:1 parking ratio.

Convenient location in the Washington neighborhood 1 block from Washington Middle School, currently undergoing a massive $176M reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 billion. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (CoStar).
1471 Chestnut Ave, Long Beach, CA 90813 is a 10 bedroom, 8 bathroom, 4,276 sqft multi-family in Washington School, built in 1925. It last sold for the $1,195,000 asking price on Dec 12, 2025. More recently, it was listed as a rental in December 2025 with an asking price of $1,895 per month. That rental listing was removed on January 27, 2026. It is currently off market. The Trulia Estimate is $1,203,100, with a rent estimate of $2,213/month.

Home Highlights

Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
$279/sqft
Listed
180+ days ago

Home Details for 1471 Chestnut Ave

Interior Features

Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 8
Appliances & Utilities
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedLaundry: None
Heating & Cooling
No CoolingAir Conditioning: None
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Gas & Electric
Electric: Standard
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1
View
No ViewView: None

Exterior Features

Exterior Home Features
Roof: FlatFencing: Wrought IronFoundation: RaisedNo Private Pool
Parking & Garage
Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageNo Attached GarageParking Spaces: 5Parking: Garage Faces Rear
Pool
Pool: None
Frontage
Road Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 7

Property Information

Year Built
Year Built: 1925
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 7269040030

Price & Status

Price
List Price: $1,195,000Price Per Sqft: $279/sqft
Status Change & Dates
Off Market Date: Mon Oct 13 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Long BeachCommunity: Downtown (Dt)

Building

Building Area
Building Area: 4276 Square Feet

Community

Community Features: SuburbanNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 4768 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash to New Loan

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: SB25233625Living Area Range Units: Square FeetAttribution Contact: 310-561-4776Common Interest: NoneUniversal Property Id: US-06037-N-7269040030-R-N

Additional Information

Suburban
Last check for updates: about 8 hours ago
Listed by Anthony Walker DRE #01908153, (310) 561-4776
Buckingham Investments, Inc
Josh Ess DRE #02035659, (310) 982-7055
Buckingham Investments, Inc
Bought with: Anthony Walker DRE #01908153, (310) 982-7055, Buckingham Investments, Inc
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB25233625

Price History for 1471 Chestnut Ave

DatePriceEventSource
01/27/2026$1,895ListingRemovedZillow Rentals
12/30/2025$1,895Listed For RentZillow Rentals
12/12/2025$1,195,000Sold
CRMLS #SB25233625
12/04/2025$1,195,000PendingCRMLS #SB25233625
10/13/2025$1,195,000ContingentCRMLS #SB25233625
10/07/2025$1,195,000Listed For SaleCRMLS #SB25233625
07/01/2024ListingRemovedZillow Rentals
06/18/2024$1,895PriceChange
Zillow Rentals
06/13/2024$1,995Listed For RentZillow Rentals
02/21/2019$1,060,000Sold
CRMLS #PW18183556
01/11/2019$1,095,000PendingAgent Provided
12/11/2018$1,095,000PendingToActiveAgent Provided
11/13/2018$1,095,000PendingAgent Provided
09/18/2018$1,095,000PriceChange
Agent Provided
07/31/2018$1,125,000Listed For SaleAgent Provided
07/18/2014$715,000Sold
N/A
05/08/2014$725,000PendingAgent Provided
04/19/2014$725,000Listed For SaleAgent Provided
04/19/2013$585,000Sold
N/A
08/28/2008$585,000Sold
N/A
01/16/2008$637,870Sold
N/A
01/25/2006$850,000Sold
N/A
08/05/2004$705,000Sold
N/A
01/28/2004$628,000Sold
N/A
08/15/2000$330,000Sold
N/A
07/30/1999$480,000Sold
N/A

Market trends in Long Beach

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$828K
$11.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$654
$16MoM
Available listings
846
79MoM
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Property Tax and Assessment

Year2025
Tax$16,038
Assessment$1,182,964
Home facts updated by county records

Comparable Sales for 1471 Chestnut Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1526 Cedar Ave, Long Beach, CA
0.14
Multi-Family Home
$1,105,000
01/22/26
7
6
4,464
1430 Chestnut Ave, Long Beach, CA
0.07
Multi-Family Home
$2,140,000
11/13/25
12
12
6,402
1415 Cedar Ave, Long Beach, CA
0.11
Multi-Family Home
$2,020,000
04/29/26
14
10
6,922
1700 Pacific Ave, Long Beach, CA
0.25
Multi-Family Home
$1,900,000
12/19/25
11
10
6,423
1727 Pine Ave, Long Beach, CA
0.30
Multi-Family Home
$925,000
10/20/25
8
6
3,423
1452 Pacific Ave, Long Beach, CA
0.20
Multi-Family Home
$1,097,000
08/13/25
7
4
3,180
1604 Magnolia Ave, Long Beach, CA
0.13
Multi-Family Home
$1,130,000
07/18/25
1
8
3,428
529 W 10th St, Long Beach, CA
0.46
Multi-Family Home
$1,425,000
03/13/26
8
6
3,616
1636 Pacific Ave, Long Beach, CA
0.25
Multi-Family Home
$780,000
03/06/26
7
4
2,667

Nearby homes

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Assigned Schools

These are the assigned schools for 1471 Chestnut Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Washington School
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Washington School

At least 1 Trulia users voted on each feature.

  • 100 % Say neighbors are friendly

  • 100 % Say yards are well-kept

  • 100 % Say it's walkable to grocery stores

  • 100 % Say there are sidewalks

  • 100 % Say it's dog friendly

  • 67 % Say streets are well-lit

  • 67 % Say it's walkable to restaurants

  • 50 % Say kids play outside

  • 50 % Say car is needed

  • 50 % Say they plan to stay for at least 5 years

  • 50 % Say there's holiday spirit

  • 33 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Great Cleaner uppers! Lots of changes in 50 years. We definatley need to Address the parking thing. "
    0
    Flag
  • Trulia User
    "We Have Alot of families, Children, & Pets in Our Washington Neighborhood. It Includes About 6, Really Great Picker- uppers here. Also added the occasional tree chained trashcan! I, Would like to see a BLOCK party on Locust! Carnival Style, for the kids. Games, Prizes, Hotdogs, tacos, ect. Would a Before Halloween event, on a block or 2 be permitted? Early Trick or Treat, and carnival games? LOVE IT! "
    0
    Flag
  • Trulia User
    "large community areas with public parks available at convenience. very nice, quite and warm home feeling. secured and well patrolled"
    0
    Flag
  • Crystal M.
    "People do not even stop at stop signs when driving. Ppl do not pick up after their dog nor have them on a leash"
    11
    Flag
  • Miyamoto M.
    "owners do not leach their dogs and sometimes they jump at you besides that they don’t pick up the dog poop and you have a tendency for stepping on it from time to time"
    24
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Outdoor Space

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Homes for sale near 1471 Chestnut Ave

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Off Market Homes Near 1471 Chestnut Ave

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. 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