532 Chestnut, Long Beach, CA 90802
532 Chestnut, Long Beach, CA 90802
532 Chestnut, Long Beach, CA 90802
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$1,325,000
Est. payment /mo
7,505 Sqft Lot
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CV26052460

HOA Y/N No

Year Built 1922

Lot Size 7,505 Sqft

Property Sub-Type Single Family Residence

Property Description

Located in the desirable West Village neighborhood of Downtown Long Beach, 532–534 Chestnut Avenue presents a rare opportunity to acquire a charming 6-unit multifamily property with strong rental potential. Originally built in the 1920s, the property features classic architectural character, mature landscaping, and a well-maintained courtyard setting.
The unit mix includes five 1-bedroom / 1-bath units and one spacious 3-bedroom / 1-bath unit, providing a desirable combination of layouts that appeal to a wide range of renters. Each unit is equipped with a stove and refrigerator, and residents have access to a coin-operated community washer and dryer on site.
The property offers garage and street parking, along with inviting outdoor areas including lush greenery, mature fruit trees, and shared courtyard spaces that enhance the residential environment.
Ideally situated near Downtown Long Beach, local dining, shopping, transportation, and coastal amenities, this property offers both convenience and long-term investment appeal.
Importantly, the property is not subject to local Long Beach rent control and falls under California AB 1482 (CPI + 5% annual rent increase guidelines).
This property presents an excellent opportunity for investors seeking a well-located, character-rich asset in one of Long Beach's most established neighborhoods.

Location

State CA

County Los Angeles

Area 11 - Westside

Rooms

Other Rooms Two On A Lot

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type Gas, Living Room

Fireplace Yes

Appliance Gas Range, Dryer, Washer

Laundry Common Area, Laundry Room

Exterior

Parking Features Garage, On Street

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Lawn

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Two On A Lot

New Construction No

Others

Senior Community No

Tax ID 7280002008

Energy Description 1944.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard, Trust


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Listed by Monique Gandy BERKSHIRE HATH HM SVCS CA PROP 909-257-8154, DRE #01939272

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Jack Williams

Jack Williams

+1(909) 231-9842

Agent | License ID: 01220043

Agent License ID: 01220043

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