$1,325,000
532 Chestnut, Long Beach CA 90802
Multi-Family (6 Units)
Property type
87 days
On market
$286
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 3, 2026 at 02:18am.
Last checked: Jun 3, 2026 at 03:00am
Source: CRMLS #CV26052460
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,350 | — | $1,500 | Unfurnished |
| 1 | 3 | 1 | — | $2,850 | — | $2,850 | Unfurnished |
| 1 | 1 | 1 | — | $1,725 | — | $1,725 | Unfurnished |
| 1 | 1 | 1 | — | $1,575 | — | $1,600 | Unfurnished |
| 1 | 1 | 1 | — | $1,525 | — | $1,550 | 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: 5
Total Actual Rent: $127,500
Tenant Pays: Parking Fee
Financial Snapshot
Gross Rent Multiplier
12.7x
List Price / Annual Gross Rent
Cap Rate
4.6%
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
$1,060,000
Total Interest
$1,351,972
Total Payment
$2,411,972
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,230
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.
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