# 1070 Chestnut, Long Beach, CA 90813 > **TL;DR:** 1bd/1ba condo, $2,800,000, built 1956. Est. $14,975/mo. Listed 146 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,800,000 | | Bedrooms | 1 | | Bathrooms | 1 full | | Year Built | 1956 | | Lot Size | 7,475 sqft (0.17 acres) | | Stories | 2 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 146 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $14,158 | | Estimated Insurance | $817 | | **Total** | **$14,975** | ## Property Highlights - Built in 1956 - 0.17 acre lot - 2 stories - 6 parking spaces ## Description ### Agent Description 1070 Chestnut Avenue is a 12-unit multifamily asset located in the Long Beach, California within the Willmore Historic District submarket. The property consists entirely of 1 bedroom / 1 bath units, offering a functional and consistent unit mix with a combination of original character and select interior upgrades. Condo Conversion Optionality: Each unit has a separate APN, creating the potential for future individual condominium sales. The property has benefited from several recent capital improvements, reducing near-term maintenance exposure and enhancing operational stability. These include: New roof, windows, and upgraded electrical system, Line-X sewer line replacement, Recently installed individual water heaters, and Upgraded wall-mounted furnaces in select units. Each unit is individually metered for gas and electricity and features its own water heater, supporting efficient utility management and expense control. The asset produces stable, reliable cash flow, with a majority of tenants participating in subsidized housing programs through Housing Authority of the City of Los Angeles and Housing Authority of the City of Long Beach. This structure provides consistent rental income and mitigates vacancy risk. Additional income is generated through on-site laundry facilities. The property also offers multiple avenues for further revenue growth: Parking Income: Six (6) rear parking spaces present an immediate opportunity to implement parking fees with no additional capital investment, ADU Potential: The rear parking area may support future ADU development, and allowing for increased density and rental income. Situated in Willmore Historic District, the property benefits from convenient access to major transportation corridors, including the nearby 710 Freeway, providing connectivity to employment centers throughout Long Beach and greater Los Angeles. ## Location - **Address:** 1070 Chestnut, Long Beach, CA 90813 - **County:** Los Angeles - **Neighborhood:** Willmore District (WM) ## Listing Agent - **Name:** Robert Stepp · **License:** 01456379 - **Brokerage:** Keller Williams Realty SELA - **Phone:** 3104632916 - **Broker Phone:** (562) 334-1511 ## Photos ![1070 Chestnut - Photo 1](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f1423617865r.jpg) ![1070 Chestnut - Photo 2](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f4233751585r.jpg) ![1070 Chestnut - Photo 3](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f2286888946r.jpg) ![1070 Chestnut - Photo 4](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f1340876054r.jpg) ![1070 Chestnut - Photo 5](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3732680100r.jpg) ![1070 Chestnut - Photo 6](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3187937352r.jpg) ![1070 Chestnut - Photo 7](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f1410261773r.jpg) ![1070 Chestnut - Photo 8](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f4104131588r.jpg) ![1070 Chestnut - Photo 9](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3594590208r.jpg) ![1070 Chestnut - Photo 10](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3647968829r.jpg) ![1070 Chestnut - Photo 11](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f454833777r.jpg) ![1070 Chestnut - Photo 12](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f2350002011r.jpg) ![1070 Chestnut - Photo 13](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f302451265r.jpg) ![1070 Chestnut - Photo 14](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f16803082r.jpg) ![1070 Chestnut - Photo 15](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f633095409r.jpg) ![1070 Chestnut - Photo 16](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f117727502r.jpg) ![1070 Chestnut - Photo 17](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f1593775121r.jpg) ![1070 Chestnut - Photo 18](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f2589669956r.jpg) ![1070 Chestnut - Photo 19](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3255140385r.jpg) ![1070 Chestnut - Photo 20](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3688539653r.jpg) ![1070 Chestnut - Photo 21](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f43229041r.jpg) ![1070 Chestnut - Photo 22](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3013142357r.jpg) ![1070 Chestnut - Photo 23](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f2443482940r.jpg) ![1070 Chestnut - Photo 24](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f88828620r.jpg) ![1070 Chestnut - Photo 25](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f4085504447r.jpg) ![1070 Chestnut - Photo 26](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3312070113r.jpg) ![1070 Chestnut - Photo 27](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3542115838r.jpg) ![1070 Chestnut - Photo 28](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f1175591608r.jpg) ![1070 Chestnut - Photo 29](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3226653309r.jpg) ![1070 Chestnut - Photo 30](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f746414681r.jpg) ![1070 Chestnut - Photo 31](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f3691496124r.jpg) ![1070 Chestnut - Photo 32](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f305223198r.jpg) ![1070 Chestnut - Photo 33](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f4220379951r.jpg) ![1070 Chestnut - Photo 34](http://lh.rdcpix.com/875932b5e8a66a252f0a335148894a78l-f2289254089r.jpg) --- **MLS#:** PW26099843 | **Updated:** 2026-09-22 **Source:** listhub *Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1070-chestnut-long-beach-ca-90813-26099843) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1070-chestnut-long-beach-ca-90813-26099843#listing", "url": "https://www.propertysimple.ai/listing/1070-chestnut-long-beach-ca-90813-26099843", "name": "1070 Chestnut, Long Beach, CA 90813", "description": "1070 Chestnut Avenue is a 12-unit multifamily asset located in the Long Beach, California within the Willmore Historic District submarket. The property consists entirely of 1 bedroom / 1 bath units, offering a functional and consistent unit mix with a combination of original character and select interior upgrades. Condo Conversion Optionality: Each unit has a separate APN, creating the potential for future individual condominium sales. The property has benefited from several recent capital improvements, reducing near-term maintenance exposure and enhancing operational stability. These include: New roof, windows, and upgraded electrical system, Line-X sewer line replacement, Recently installed individual water heaters, and Upgraded wall-mounted furnaces in select units. Each unit is individually metered for gas and electricity and features its own water heater, supporting efficient utility management and expense control. The asset produces stable, reliable cash flow, with a majority of tenants participating in subsidized housing programs through Housing Authority of the City of Los Angeles and Housing Authority of the City of Long Beach. This structure provides consistent rental income and mitigates vacancy risk. Additional income is generated through on-site laundry facilities. The property also offers multiple avenues for further revenue growth: Parking Income: Six (6) rear parking spaces present an immediate opportunity to implement parking fees with no additional capital investment, ADU Potential: The rear parking area may support future ADU development, and allowing for increased density and rental income. 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