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Closed
- Listed price
- $1,250,000
- Listed Feb 21, 2017
- Sold price
- $1,187,500
- Sold Jun 12, 2017
7,503 sqft lot|1923 Built|92 MLS days on market
1731 CHESTNUT Ave, Long Beach, CA 90813
Property Description
The property is comprised of twelve (12) studio units along with 4 garages in the alley. Each unit is approximately 325 square feet with a kitchen, bathroom and living area. All of the tenants are on month to month leases.Current rents are 30% below market at $850 projected. Apartment #4 @ $300 is the current manager that takescare the management. All of the tenants are cash pay, there are no section 8 tenants in this propertycurrently. The property is master metered for electric, gas, water. The current owner pays for all the bills including sewer and trash.The owners just replaced the electrical box to solar which will drop the cost of the electricity by over half. The roof is in good condition (was replaced about 15 years ago),the plumbing is all copper, new solar electric box installed at the end of 2016. The interiors have tile throughout, newerstainless steel sinks, and clean kitchen cabinets. The garages generate $50 per garage currently and laundry generates $150/
Listing agent: Ryan CinelliDRE #01340935rcinelli@brcadvisors.com, Listing office: BRC Advisors
MLS data updated 10/30/2026, 5:29:39 AM PT
Source: CRMLSMLS #: 17204152
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,187,500
Jun 12, 2017
Available records22017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90813 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90813 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.