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327 Chestnut Avenue 201, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

327 Chestnut Avenue 201, Long Beach, California 90802 home-pic-0
ACTIVE$480,000
327 Chestnut Avenue 201, Long Beach, California 90802
2Beds
2Baths
910Sqft
20,534Lot
Year Built
1990
Close
-
List price
$480K
Original List price
$535K
Price/Sqft
$527
HOA
$355
Days on market
-
Sold On
-
MLS number
OC25101101
Home ConditionGood
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $480.0K(49th), sqft - 910(54th), beds - 2(50th), baths - 2(52th).

Stylish 2-Bed, 2-Bath Downtown Long Beach Apartment – Walk to Everything! Welcome to your new urban oasis in the heart of Downtown Long Beach! This bright and inviting 2-bedroom, 2-bathroom apartment offers the perfect blend of convenience and comfort, just steps from the courthouse, City Hall, The Pike, and vibrant downtown dining and entertainment. Two spacious balconies – perfect for morning coffee or evening sunsets. Two assigned parking spaces – a rare downtown luxury Walkable lifestyle – shops, restaurants, and the beach are moments away Easy freeway access (near the 710) for seamless commuting Live where the action is! Stroll to waterfront attractions, catch a concert at the Terrace Theater, or explore the eclectic arts scene—all from your front door. Don’t wait, your next adventure in this Downtown Long Beach apartment today!

Nearby schools

5/10
Edison Elementary School
Public,•K-5•0.3mi
7/10
International Elementary School
Public,•K-5•0.4mi
7/10
Stevenson Elementary School
Public,•K-5•0.8mi
6/10
Chavez Elementary School
Public,•K-5•0.8mi
7/10
Roosevelt Elementary School
Public,•K-5•1.2mi
7/10
Lincoln Elementary School
Public,•K-5•1.3mi
6/10
Washington Middle School
Public,•6-8•1.0mi
6/10
Franklin Classical Middle School
Public,•6-8•1.1mi
6/10
Polytechnic High School
Public,•9-12•1.3mi
3/10
Cabrillo High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
11/08/25
Price Change
$480,000-2.8%
09/13/25
Price Change
$494,000-1.0%
09/01/25
Price Change
$499,000
05/07/25
Listing
$535,000
04/01/21
Sold
$430,000
04/25/05
Sold
$299,000
08/14/03
Sold
$189,000
05/25/00
Sold
$79,500
11/24/97
Sold
$124,500
Condition Rating
Good
This property, built in 1990, is move-in ready with several recent updates that contribute to a 'Good' condition score. The interior features modern grey laminate flooring throughout, updated stainless steel kitchen appliances (microwave, gas range, dishwasher), and a contemporary bathroom vanity with tiled shower/tub surrounds. While the kitchen cabinets are a light green and the light fixtures are basic flush mounts, and heating appears to be via a wall unit rather than central HVAC, these are minor considerations given the overall clean and functional state of the unit. The updates are recent enough to make the property comfortable and appealing without immediate renovation needs, aligning with the 'Good' criteria of being extensively renovated within 5 to 15 years and having well-maintained systems.
Pros & Cons

Pros

Exceptional Walkability & Urban Lifestyle: The property boasts a prime downtown location, offering direct access to the courthouse, City Hall, The Pike, vibrant dining, entertainment, shops, and the beach, promoting a highly desirable walkable urban lifestyle.
Valuable Assigned Parking: The inclusion of two assigned parking spaces is a significant and rare luxury in a dense downtown environment, adding considerable value and convenience for residents.
Commuter-Friendly Location: Easy access to the 710 freeway ensures seamless commuting, appealing to buyers who require convenient transportation links.
Private Outdoor Spaces: The unit features two spacious balconies, providing desirable private outdoor areas perfect for relaxation or entertaining.
Motivated Seller / Price Adjustment: A significant price reduction from the original list price of $535,000 to $480,000 indicates a motivated seller and potential for a competitive purchase.

Cons

Subpar High School Ratings: One of the nearby high schools, Cabrillo High School, has a low rating of 3, which could be a deterrent for families prioritizing strong public school options.
History of Price Reductions: The property has undergone multiple price reductions, which may suggest initial overpricing or challenges in attracting buyers at previous price points, potentially raising questions about its market value.
Building Age & Potential for Updates: Built in 1990, the building is over three decades old. While the unit is described as 'stylish,' the age could imply a need for updates to common areas or building systems, or potential for dated interior finishes not explicitly mentioned as renovated.

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