$1,300,000
-$25,000532 Chestnut, Long Beach CA 90802
Multi-Family (6 Units)
Property type
97 days
On market
$280
Price per sqft
3 cars
Garage
1922
Year built
7,505 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Monique Gandy DRE #01939272, BERKSHIRE HATH HM SVCS CA PROP
Listing updated: Jun 9, 2026 at 05:32pm.
Last checked: Jun 14, 2026 at 04:30pm
Source: CRMLS #CV26052460
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,350 | — | $1,600 | Unfurnished |
| 1 | 3 | 1 | — | $2,850 | — | $2,850 | Unfurnished |
| 1 | 1 | 1 | — | $1,725 | — | $1,855 | Unfurnished |
| 1 | 1 | 1 | — | $1,575 | — | $1,700 | Unfurnished |
| 1 | 1 | 1 | — | $1,525 | — | $1,700 | Unfurnished |
| 1 | 1 | 1 | — | $1,600 | — | $1,600 | Unfurnished |
# of Buildings: 2
# of Units Total: 6
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Ranges: 6
Rent Control: No
Units Leased: 6
Total Actual Rent: $127,500
Tenant Pays: Parking Fee
Financial Snapshot
Gross Rent Multiplier
12.4x
List Price / Annual Gross Rent
Cap Rate
4.69%
NOI / List Price
Gross Scheduled Income: $104,580
Operating Expense: $38,377
Net Operating Income: $60,974
Annual Operating Expenses
Electric: $6,864
Gardener: $1,560
Fuel: $1,944
Insurance: $6,287
Professional Management: $5,700
Trash: $2,715
Water / Sewer: $1,278
Interior
Room Type: Kitchen
Cooling: None
Heating: Wall Furnace
Appliances: Gas Range, Dryer, Washer
Fireplace: Gas, Living Room
Laundry: Common Area, Laundry Room, Dryer Included, Washer Included
Entry Location: Front Door
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre, Back Yard, Front Yard, Lawn
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Structures: Two On Alot
Garage and Parking
Parking: Garage, On Street
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7280002008
Additional Parcels: No
Tax Lot: 12
Tax Block: 59
Community
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 532 Chestnut, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,040,000
Total Interest
$1,326,463
Total Payment
$2,366,463
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,078
per month
Property History for 532 Chestnut
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
Similar Homes
Listings with similar prices to 532 Chestnut