Long Beach Multifamily Investment Opportunity

532 Chestnut, Long Beach, CA 90802

View on Map

For Sale

$1,325,000

Charming 6-unit property in Long Beach's West Village neighborhood.

Type:Investment

HighLights

Located in the desirable West Village neighborhood of Downtown Long Beach.
Not subject to local Long Beach rent control, falls under California AB 1482 (CPI + 5% annual rent increase guidelines).
Charming 6‑unit multifamily property with strong rental potential.
Desirable unit mix: five 1‑bedroom / 1‑bath units and one spacious 3‑bedroom / 1‑bath unit.
Classic architectural character and well‑maintained courtyard setting.
Ideally situated near Downtown Long Beach, local dining, shopping, transportation, and coastal amenities.

We can help!

Listing Contact

Monique Gandy

Learn more

For Sale

$1,325,000

Charming 6-unit property in Long Beach's West Village neighborhood.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 54
Last Refresh:: Apr 24 at 4:06 pm

Property Features for 532 Chestnut

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1922

We can help!

Listing Contact

Monique Gandy

Listing agent Monique Gandy License #01939272

Listing office Berkshire Hathaway HomeServices California

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices California

HighLights

Located in the desirable West Village neighborhood of Downtown Long Beach.
Not subject to local Long Beach rent control, falls under California AB 1482 (CPI + 5% annual rent increase guidelines).
Charming 6‑unit multifamily property with strong rental potential.
Desirable unit mix: five 1‑bedroom / 1‑bath units and one spacious 3‑bedroom / 1‑bath unit.
Classic architectural character and well‑maintained courtyard setting.
Ideally situated near Downtown Long Beach, local dining, shopping, transportation, and coastal amenities.

Overview

Located in the West Village neighborhood of Downtown Long Beach, the property at 532–534 Chestnut Avenue is a 6-unit multifamily property. Constructed in the 1920s, the property retains classic architectural character, mature landscaping, and a courtyard. The unit mix includes five 1-bedroom / 1-bath units and one 3-bedroom / 1-bath unit. Each unit includes a stove and refrigerator. A coin-operated community washer and dryer are available on site. Garage and street parking are available. Outdoor areas include greenery, mature fruit trees, and shared courtyard spaces. The property is near Downtown Long Beach, local dining, shopping, transportation, and coastal amenities. The property is not subject to local Long Beach rent control and falls under California AB 1482 (CPI + 5% annual rent increase guidelines). The bike score is 61, making it bikeable. The walk score is 53, indicating it is somewhat walkable. The transit score is 66, indicating good transit.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.1959755
Latitude: 33.773675

Nearby Similar for Sale

$899,000

2,557 SF

Multi-Unit Retail Property with Patio

Standalone retail unit with an exclusive-use patio, plus additional street-level space and a second-floor residential unit.

702 CEDAR Ave, LONG BEACH, CA 90813

View Details
$899,000

3,960 SF

Long Beach Commercial Owner-User Opportunity

Versatile light-industrial property in a desirable Long Beach location.

2109 W Gaylord Street, Long Beach, CA 90813

View Details
$1,895,000

10,000 SF

Two-Story Storefront Building in Long Beach

Large commercial building near Pine Avenue and East Village Arts District.

129 W 5th Street, Long Beach, CA 90802

View Details
$3,500,000

3,801 SF

Retail Pad Building with Parking

Freestanding pad building on a double-lot site with 21 parking stalls and long frontage for a flexible tenant mix.

5600 E 7th, Long Beach, CA 90804

View Details
$2,298,000

3,636 SF

Spanish-Style Triplex with Courtyard

Spanish-style triplex arranged around a private courtyard with pool and spa, suited for owner-occupants or income-focused investors.

3517 E 2nd, Long Beach, CA 90803

View Details
$2,599,000

2,960 SF

Long Beach Multifamily Investment Opportunity

Eight-unit property in Belmont Shore neighborhood, steps from the beach.

20 Roycroft, Long Beach, CA 90803

View Details
$1,350,000

3,176 SF

Historic Quadplex with 3-Car Garage

Four-unit income property with updated interiors, separate utilities, and a deep lot with patio and parking.

679 Obispo, Long Beach, CA 90814

View Details
$2,800,000

6,480 SF

12-Unit Multifamily Asset in Long Beach

Multifamily property with condo conversion potential in Willmore Historic District.

1070 Chestnut, Long Beach, CA 90813

View Details
$1,400,000

5,050 SF

Long Beach Commercial Asset For Sale

Commercial property in Long Beach with high traffic and redevelopment potential.

1810 E Anaheim, Long Beach, CA 90813

View Details
$1,850,000

6,494 SF

Long Beach Eight-Unit Apartment Building

Eight-unit apartment building in Long Beach with income potential.

833 Cedar, Long Beach, CA 90813

View Details
$5,400,000

12,270 SF

Multifamily Apartment Building with Underground Parking

16-unit multifamily property with all 2-bed/1-bath units, on-site laundry, and secured underground parking.

1060 Olive, Long Beach, CA 90813

View Details
$1,999,000

2,638 SF

Long Beach Spanish-Style Quadruplex

Well-maintained quadruplex in desirable Belmont Shore/Belmont Heights coastal enclave.

4124 E Broadway, Long Beach, CA 90803

View Details

For sale
Apartment buildings
CA
Long Beach
90802
532 Chestnut

What type of property is this?

Apartment building - Charming 6-unit property in Long Beach's West Village neighborhood.

Where is this apartment building located?

The property is located at 532 Chestnut Long Beach, CA.

What is the asking price?

The asking price for this property is $1,325,000.

What are key features of this property?

This property features: Located in the desirable West Village neighborhood of Downtown Long Beach.; Not subject to local Long Beach rent control, falls under California AB 1482 (CPI + 5% annual rent increase guidelines).; Charming 6‑unit multifamily property with strong rental potential.