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

545 Chestnut 116, Long Beach, California 90802 home-pic-0

545 Chestnut 116

Long Beach, California 90802

ACTIVE
CONDITION: FAIR
2Beds
2Baths
926Sq Ft
20,550Lot Size

Property Price

LIST PRICE$399,000

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

Fair
TeardownExcellent

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 While the unit is maintained and functional for immediate occupancy, the core systems and styles are significantly outdated and require modernization.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

5/10

International Elementary School

Grades K-5 • 0.3 mi

7/10

Stevenson Elementary School

Grades K-5 • 0.8 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.01.0
54%
Baths2.01.0
53%
Square foot926865
62%
Lot Size20,55021,282.5
46%
Price$399.0K$480.0K
35%
Price per sq ft$431$575
5%
Built year19721965
54%
HOA$475.0$430
55%
Days on market60184
10%

Pricing History

Listed for Sale

Jan 5, 2026

$399,000

Initial Listing

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