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Sold on 01/28/2025
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1633 Chestnut Ave, Long Beach, CA 90813

$2,130,000

Last sold 01/28/2025 after 218 Days

  • —

    bed

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    bath

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About 1633 Chestnut Ave

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Lot size 7,482 Sqft
Parking 6 garage spaces
Rental estimate
Property description
GREAT INVESTMENT OPPORTUNITY! This property is a 10 unit building with a mix of 2 units of 2BD/2BR and 8 units of 1BD/BR. All units have been renovated back in 2018 and a new electrical main panel has been installed in 2024. This property is conveniently located near Downtown long beach, Long beach convention center, Pike outlets, Shoreline Village, and more.
Listed by
Listing Agent - Frederick Okuda
Listing Agent Contact: 310-955-7613
Listing Office - ADW Management USA, Inc.
Source: CRMLS mls logo
MLS#SB24128850 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1718
Lot Size (SqFt) 7482
Year Built 1958
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 7357
Parking Garage Faces Front, Garage Faces Rear, Garage - Single Door
# Parking Spaces 6
# Garage Spaces 6
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Subdivision Downtown (DT), Downtown (DT)
Zoning LBR4N
Directions Exit Pacific Coast Highway, S On Chestnu
APN 7269038023
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 5924
Expense: Trash 2178
Laundry Income 200
Operating Expense 59919
Cap Rate 5.98
Expense: Insurance 6381
Total Expenses 59919
Expense: Maintenance 5000
Expense: Water/ Sewer 2900
Gross Income 7800
Gross Operating Income 191536
Expense: Electric 535
Gross Multiplier 11.12
Gross Scheduled Income 197460
Expense: Fuel 2199
Expense: Gardener 1925
Rental est.: $1,333/month
Gross rent multiplier: 133.2
  • Jan 2025
    mls logo MLS # SB24128850
  • Jan 28, 2025 Sold
    $2,130,000
  • Dec 26, 2024 Pending
    —
  • Jul 16, 2024 Active
    —
  • Jun 24, 2024 Listed
    $2,190,000 (-1.8%)
  • Jan 2025
    Public Records
  • Jan 28, 2025 Sold
    $2,130,000 (-2.7%)
  • Dec 2018
    Public Records
  • Dec 19, 2018 Sold
    $2,230,000
  • Year Property taxes Tax assessment
  • 2024
    $32,245 +1.7%
    $2,440,427 +2.0%
  • 2023
    $31,695 +6.5%
    $2,392,608
  • 2022
    $29,755 +2.1%
    $2,392,608 +4.04%
  • 2021
    $29,144 +0.3%
    $2,299,764
  • 2020
    $29,068
    $2,299,764
  • 1633 Chestnut Ave
    $2.13M
  • Washington School
    $690K +32% y/y
  • 90813
    $579K +11% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Lafayette Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Washington Middle School
public Grades 6-8
Long Beach Unified School District
4/10
Cabrillo High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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