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532 Chestnut Avenue

Long Beach CA 90802

6
4
7505 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Located in the desirable West Village neighborhood of Downtown Long Beach, 532534 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 Beachs most established neighborhoods.

Features

6 bedrooms
4 bathrooms
7505 sq. ft. lot size
Multi-Family

Happy sellers in Long Beach

<50%
Less than 50% of sellers in Long Beach reported that their sale price either exceeded or met their price expectations.

Long Beach stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Long Beach over the last 12 months.

Local market activity for 6 bedroom multi families in Long Beach

In the last 12 months, 2 six-bedroom multi families similar to 532 Chestnut Avenue, have been sold.

This represents a 100% decrease in six-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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