Movoto Real Estate
Sold on 04/18/2025
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1606 Chestnut Ave, Long Beach, CA 90813

$990,000

Last sold 04/18/2025 for $1.41M

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    bed

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    bath

Multi-family not for sale

About 1606 Chestnut Ave

Property type Multi-family
Neighborhood
Year built 1928
HOA fee $0/month
Lot size 7,520 Sqft
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
Welcome to 1606 Chestnut Ave in Long beach, CA - the crown jewel property of the entire neighborhood! This is a perfect property for an investment portfolio, especially with the property being situated in the fastest growing part of Long Beach, where the area is experiencing the fastest improvement as well. This property is a gorgeous 4 unit - with two units located on the 1st level & two units located on the 2nd level. Two of the units consist of a 2 bed, 2 bath configuration & Two of the units consist of a 2 bed, 1 bath configuration. One type of each configuration is on the 1st level & one type of each configuration the 2nd level. Each unit also comes with laundry located within each unit, making these individual units very attractive to renters. Located in the back of the lot of the property are 4 detached enclosed garage spaces - one for each unit, for ease of parking. The interior of each unit is in immaculate condition - complete with vinyl flooring, LED recessed canned lighting, beautiful quartz countertops throughout the kitchens, Shaker cabinets in each unit, remodeled bathrooms in every unit, newer windows in the entire building, and aesthetic renovations to make the property look most appealing to potential tenants. Additionally, the lot is heavily oversized for the area, and the entire front of the lot is left for an open development concept in the future! Don't let this property get away from you...
Listed by
Listing Agent - Jeff Warren
Listing Agent Contact: Jsh.jwarren@gmail.com
Listing Office - Compass
Source: CRMLS mls logo
MLS#PW25044279 • last updated 1 year ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.1726
Lot Size (SqFt) 7520
Year Built 1928
Condition Turnkey, Updated/Remodeled
Interior
Laundry Inside
Flooring Vinyl
Appliances Gas Oven
Exterior
Building Area Square Feet, 2750
Parking Assigned, Garage - Single Door
# Parking Spaces 4
# Garage Spaces 4
Lot Description Front Yard
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Inclusions All Appliances Currently At The Property
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Biking, Curbs, Golf, Lake, Park, Sidewalks, Storm Drains, Street Lights, Urban
Zoning LBR4N
Directions West On PCH, L On Chestnut, Property On The LEFT - 1606 Chestnut Ave
APN 7269039007
Multifamily Details
Gross Income 10300
$990K
Range: $821K-$1.15M
Last 30 days 
Rental est.: $1,333/month
Gross rent multiplier: 88.1
  • Apr 2025
    mls logo MLS # PW25044279
  • Apr 18, 2025 Sold
    $1,410,000
  • Mar 31, 2025 Pending
    —
  • Mar 12, 2025 Active
    —
  • Feb 28, 2025 Listed
    $1,449,000 (+106.7%)
  • Apr 2025
    Public Records
  • Apr 18, 2025 Sold
    $1,410,000 (-2.7%)
  • Jun 2024
    mls logo MLS # SB24101758
  • Jun 28, 2024 Sold
    $701,000
  • Jun 17, 2024 Pending
    —
  • May 17, 2024 Listed
    $599,000
  • Jun 2024
    Public Records
  • Jun 28, 2024 Sold
    $701,000 (+17.0%)
  • Year Property taxes Tax assessment
  • 2024
    $1,927 +2.1%
    $86,704 +2.0%
  • 2023
    $1,887 +5.1%
    $85,005 +2.0%
  • 2022
    $1,796 +3.5%
    $83,339 +2.0%
  • 2021
    $1,736 +0.3%
    $81,706
  • 2020
    $1,731 +8.5%
    $81,706 +3.05%
  • 2018
    $1,595 +1.1%
    $79,284 +4.04%
  • 2017
    $1,578 +7.7%
    $76,206 +2.0%
  • 2016
    $1,465 +3.0%
    $74,712
  • 2015
    $1,422
    —
  • 1606 Chestnut Ave
    $1.41M
  • Washington School
    $685K +48% y/y
  • 90813
    $550K +5% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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