- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- CV26186409
- Year Built:
- 1931
- Photos (29)
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Classic Spanish style, great character, and a smart income-property setup! This attractive four-unit property blends vintage Long Beach charm with several meaningful updates, including copper plumbing throughout with updated pressure lines, interior valves, and main water line, plus updated ABS waste lines serving all four units.
Each unit offers a surprisingly spacious 1-bedroom floor plan with a separate den/dining area, giving tenants valuable extra space for a home office, dining room, or flexible living area. The rear unit gets an added bonus with its own private backyard.
Practical features add to the appeal with all units separately metered for utilities, two garages, two additional off-street parking spaces, a dedicated laundry room with coin-operated machines, and automatic irrigation throughout the grounds.
A sharp, character-filled fourplex with functional layouts, desirable tenant amenities, and plenty of long-term potential.
- Home Style:
- Spanish
- Property Sub Type:
- Quadruplex
- Property Attached:
- Yes
- Lot Area:
- 6,479 sq. ft.
- Lot Details:
- 48' x 134'
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1931 (Age: 95)
- General Listing Location:
- Long Beach, 5 - Wrigley Area
- County Or Parish:
- Los Angeles
- Tenant Pays:
- Cable TV, Electricity, Gas
- Common Interest:
- None
- Gross Income:
- $85,000
- Gross Scheduled Income:
- $83,700
- Net Operating Income:
- $56,315
- Cap Rate %:
- 4.9
- Rent Control:
- Yes
- Total Actual Rent:
- $6,920
- Association Fee:
- $0
- Land Lease:
- No
- Cable TV Expense:
- $0
- Electric Expense:
- $0
- Fuel Expense:
- $0
- Furniture Replacement Expense:
- $0
- Gardener expense:
- 1320.0
- Insurance Expense:
- $3,000
- Maintenance Expense:
- $6,000
- Taxes expense:
- 14300.0
- Operating Expense:
- $27,385
- Other Expense:
- $526
- Pool expense:
- $0
- Trash Expense:
- $0
- Water and Sewer Expense:
- $3,120
- Tax Lot:
- 6
- Tax Block:
- 7
- From I-710, exit Pacific Coast Hwy and head east. Turn left on Magnolia Ave, right on W 25th St, then left on Chestnut Ave. Property is on Chestnut Ave.
- Floor
- Type
- Size
- Other
- -
- Living Room
- Measurements not available
- -
- -
- Bedroom
- Measurements not available
- All Bedrooms Down
- -
- Kitchen
- Measurements not available
- Galley Kitchen
- -
- Kitchen
- Measurements not available
- -
- View:
- None
- Appliances:
- Gas Range, Refrigerator, Water Heater
- Accessibility Features:
- Parking
- Number of Buildings:
- 2
- # of Electric Meters:
- 4
- # of Gas Meters:
- 4
- # of Water Meters:
- 1
- # Units Leased:
- 4
- Community Features:
- Curbs, Dog Park, Park, Street Lights, Sidewalks
- Senior Community:
- No
- Interior Features:
- Ceiling Fan(s), Unfurnished, All Bedrooms Down, Galley Kitchen
- Laundry Features:
- Common Area
- Pool Features:
- None
- Private Pool:
- No
- Spa Features:
- None
- Lot Features:
- Back Yard, Near Public Transit
- Fireplace Features:
- None
- Security Features:
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision Name:
- Wrigley Area (WR)
- Direction Faces:
- Northwest
- Levels:
- One
- Num Stories:
- 1
- Entry Level:
- 1
- Entry Location:
- 1
- Construction Materials:
- Stucco
- New Constr.:
- No
- Flooring:
- Carpet, Vinyl, Wood
- Foundation:
- Raised
- Roof:
- Rolled/Hot Mop, Spanish Tile
- Common Walls:
- 2+ Common Walls, No One Above, No One Below
- # Units:
- 4
- Property Condition:
- Updated/Remodeled
- Heating:
- Wall Furnace
- Fireplace:
- No
- Cooling:
- Wall/Window Unit(s)
- Utilities:
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Electricity:
- Standard
- Fencing:
- Average Condition, Block, Wood
- Water supply:
- Public
- Sewer:
- Public Sewer
- Spa:
- No
- Road Frontage Type:
- City Street
- Road Surface Type:
- Paved
- Garage Spaces:
- 2
- Uncovered Spaces:
- 2
- Total Parking Spaces:
- 4
- Parking Features:
- Driveway
- Special Listing Conditions:
- Standard
- Parcel Number:
- 7205010008
- Zoning:
- LBR1N
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Listed by Seven Gables Real Estate
Data was last updated August 28, 2026 at 12:40 AM (UTC)
- ALI GOVAHI
- SEVEN GABLES REAL ESTATE
- 1 (714) 2644151
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of August 28, 2026 at 12:40 AM (UTC) 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.
Seven Gables Real Estate
Office Address:
12651 Newport Ave.
Tustin, CA, 92780