545 Chestnut 116, Long Beach, California 90802, Long Beach, 90802 - 2 bed, 2 bath

545 Chestnut 116
Long Beach, California 90802
Property Price
SUMMARY
Analysis of 545 Chestnut 116, Long Beach, California 90802 is currently available with a list price of $399,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1972, the property has received recent cosmetic updates including fresh paint and new flooring throughout. However, the kitchen and both bathrooms are explicitly described as original, featuring 50-year-old cabinetry, ceramic tile countertops, and dated fixtures. While the unit is maintained and functional for immediate occupancy, the core systems and styles are significantly outdated and require modernization.
PROSSTRENGTHS & OPPORTUNITIES
CONSRISKS & DEFICIENCIES
About 545 Chestnut 116
Welcome to 545 Chestnut Ave Unit 116, a 2-bedroom, 2-bathroom condo ideally located in the heart of Downtown Long Beach, CA. With 976 square feet. This light-filled 2 bedroom, 2 bath unit is freshly painted throughout. This unit has new flooring, and the spacious living room opens to a large window area which makes for a bright environment. The kitchen has original cabinets and ceramic tile countertops, an electric range and oven, and with plenty of storage. There is a primary bedroom that has a private bathroom and sliding closet doors. The second bedroom provides flexibility, whether used as a guest room, office, or personal sanctuary. Both bathrooms are original ready use as is or ready for a remodel to taste. The unit has a single parking space and a large storage cabinet in the gated ground floor parking structure. HOA dues cover essential services such as water, trash, sewer, insurance, and grounds maintenance, allowing for stress-free living. Ideally situated in the heart of downtown, this condo is located 4 blocks from the Metro rail and walking distance to restaurants, shopping and entertainment on Pine Ave. Also, it is near the Convention Center, George Deukmejian Courthouse, Aquarium of the Pacific, Rainbow Harbor, Shoreline Village, 710 Fwy and Pike Outlets. Experience the downtown Long Beach lifestyle. This is a great opportunity for a fist time buyer!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1972
- Lot Size
- 20,550 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $475.0 / Month
Neighborhood Insights
Long Beach Unified Schools
Edison Elementary School
Grades K-5 • 0.2 mi
International Elementary School
Grades K-5 • 0.3 mi
Stevenson Elementary School
Grades K-5 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.0 | 54% |
| Baths | 2.0 | 1.0 | 53% |
| Square foot | 926 | 865 | 62% |
| Lot Size | 20,550 | 21,282.5 | 46% |
| Price | $399.0K | $480.0K | 35% |
| Price per sq ft | $431 | $575 | 5% |
| Built year | 1972 | 1965 | 54% |
| HOA | $475.0 | $430 | 55% |
| Days on market | 60 | 184 | 10% |
Pricing History
Listed for Sale
Jan 5, 2026
$399,000
Initial Listing















