# 1070 Chestnut, Long Beach, CA 90813

> **TL;DR:** 1bd/1ba condo, $2,800,000 ($432/sqft), built 1956, 6,480 sqft. Est. $12,133/mo. Listed 25 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,800,000 |
| Price/sqft | $432 |
| Bedrooms | 1 |
| Bathrooms | 1 full |
| Square Feet | 6,480 |
| Year Built | 1956 |
| Lot Size | 7,477 sqft (0.17 acres) |
| Stories | 2 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 25 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $12,133 |
| **Total** | **$12,133** |

## 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
- **Brokerage:** Keller Williams Realty Downey
- **Phone:** 3104632916
- **Email:** rstepp@steppcommercial.com

## Primary Photo

![1070 Chestnut - Primary Photo](http://lh.rdcpix.com/ac7548c0b96bc48bd2729a66d6faee7al-f965264916r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/1070-chestnut-long-beach-ca-90813-26099843)*

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**MLS#:** PW26099843 | **Updated:** 2026-06-17
**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.com/listing/1070-chestnut-long-beach-ca-90813-26099843)

---

## Structured Data

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  "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 impro",
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  "datePosted": "2026-06-17",
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