532 Chestnut, Long Beach, CA 90802
Single Family Residence - Long Beach, CA
- Added:
- Mar 12, 2026
- Days on Market:
- 97
- Last Refresh:
- Jun 16 at 6:06 pm
Property Features for 532 Chestnut
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
- Parking
- 3
- Parking features
- Garage
- Exterior features
- Community Features Included: Street Lights, Sidewalks, 0-1 Unit/Acre, Front Yard, Back Yard, Lawn
- Appliances
- Range, Range - Gas
- Standard status
- Active
- APN
- 7280002008
- Size
- 4,638 SF
- Lot size
- 7,505.00 Acres
Utilities
- Heating system
- Wall Furnace
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1922
- Floors in Building
- 2
- Number of units
- 6
- Architectural style
- Other
Listing agent Monique Gandy License #01939272 (909) 257-8154
Listing office BERKSHIRE HATH HM SVCS CA PROP 10750 CIVIC CENTER DR. STE 200, Yorba Linda, CA (909) 980-3100
Listing date Mar 12, 2026
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.
HighLights
- Not subject to local Long Beach rent control, falls under California AB 1482.
- Desirable West Village location in Downtown Long Beach, near amenities.
- Charming 6‑unit multifamily property with classic architectural character.
- Desirable unit mix: five 1‑bedroom/1‑bath units and one spacious 3‑bedroom/1‑bath unit.
- Well‑maintained courtyard setting with mature landscaping.
- Garage and street parking available.
Overview
The property is located in the West Village neighborhood of Downtown Long Beach at 532–534 Chestnut Avenue, placing it within reach of local dining, shopping, transportation, and coastal amenities.
For buyers and operators seeking a small income property, the combination of multiple 1-bedroom layouts and a larger 3-bedroom unit can support a tenant mix with different household needs. Practical resident conveniences are already in place through in-unit appliances and the on-site coin laundry. The property is not subject to local Long Beach rent control, and it falls under California AB 1482’s CPI plus 5% annual rent increase guidelines, which may be an important consideration for underwriting and long-term operations.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.8k | $36.60 |
| − Vacancy | −$8.5k | −$1.83 |
| EGI | $161.3k | $34.77 |
| − OpEx | −$72.6k | −$15.65 |
| NOI | $88.7k | $19.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1959755
- Latitude
- 33.773675
