Long Beach Multifamily Investment
For Sale
$1,300,000
532 Chestnut, Long Beach, CA 90802
Charming 6-unit property in Long Beach's West Village neighborhood.
Days on Market101
Property Features for 532 Chestnut
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1922
Listing Agency:
Berkshire Hathaway HomeServices California
(909) 980-3100
Listed By:
Monique Gandy · License #01939272
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 10:55AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,300,000.
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.
