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$1,325,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 22 hours ago
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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.

Full Property Details for 532 Chestnut

General

  • Price: $1,325,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: CV26052460
  • Updated: 3/31/2026
  • Days on Market: 20 days
  • Added to Site: 20 day(s) ago

Interior

  • Rooms/Areas: Kitchen
  • Fireplace(s): Gas, Living Room
  • Appliances: Gas Range

Rooms

Other Rooms

  • Laundry: Individual Room, Community, Common Area, Washer Included, Dryer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 3
  • Parking Features: Garage, Street
  • Parking: Garage, Street

Location

  • Area: 11 - Westside
  • County: Los Angeles
  • Development Name: 11 - Westside
  • Driving Directions: w Sixth Street and Chestnut Avenue

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Entry Location: Front Door
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 4,638
  • Year Built: 1922

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: Two on a Lot

Lot Features

  • Lot Size (Acres): 0.1723
  • Lot Size (Sq. Ft.): 7,505
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre, Front Yard, Back Yard, Lawn

Financial Considerations

  • Price Per Sq. Ft.: $285.68
  • Price Per Unit: 220833

Listed by Berkshire Hath Hm Svcs Ca Prop, Monique Gandy

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Listing agent

— 532 Chestnut —

  • Monique Gandy

    Berkshire Hath Hm Svcs Ca Prop

909-257-8154

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 532 Chestnut

School District:Long Beach Unified School District
NameGradesDistance
Chavez Elementary School, Long Beach, CA
730 West 3rd Street, Long Beach, CA 90802
K-50.4 mi
Washington Middle School, Long Beach, CA
1450 Cedar Avenue, Long Beach, CA 90813
6-80.8 mi
Cabrillo High School, Long Beach, CA
2001 Santa Fe Avenue, Long Beach, CA 90810
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 532 Chestnut Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/12/2026
Listed
$1,325,000
102.29%
MLS
11/15/2004
Sold
$655,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 532 Chestnut

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,327
—
$912,998
2%
2024
$12,327
2%
$895,497
2%
2023
$12,113
6%
$877,947
2%
2022
$11,387
2%
$860,741
2%
2021
$11,135
—
$843,872
1%
2020
$11,105
1%
$835,224
2%
2019
$10,976
3%
$818,456
2%
2018
$10,670
1%
$802,409
2%
2017
$10,557
8%
$786,676
2%
2016
$9,809
4%
$771,252
2%
2015
$9,427
—
$759,668
2%
2014
$9,385
3%
$744,788
—
2013
$9,103
—
$741,423
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Berkshire Hath Hm Svcs Ca Prop, Monique Gandy

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532 Chestnut, Long Beach, CA 90802 (MLS# CV26052460) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 532 Chestnut is currently listed for $1,325,000 and was received on March 12, 2026. Want to learn more about 532 Chestnut? Do you have questions about finding other Multi-Family real estate for sale in Westside? You can browse all Westside real estate or contact a Coldwell Banker agent to request more information.

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