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

545 Chestnut 116, Long Beach, California 90802 home-pic-0
ACTIVE$399,000$926/sqft
545 Chestnut 116, Long Beach, California 90802
2Beds
2Baths
926Sqft
20,550Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Downtown Location: Unbeatable proximity to Metro rail, dining, shopping, entertainment, and major attractions like the Aquarium of the Pacific and Shoreline Village, offering a vibrant urban lifestyle.
Top Cons:
Dated Kitchen: The kitchen features original cabinets and ceramic tile countertops, indicating a need for modernization to align with current aesthetic preferences and functionality.

Compared to the nearby listings

Price:$399.0K vs avg $480.0K ($-81,000)33%
Size:926 sqft vs avg 868 sqft59%
Price/sqft:$431 vs avg $5767%

More Insights

Built in 1972 (54 years old).
Condition: The property, built in 1972, has received recent cosmetic updates including new flooring and fresh paint, making it immediately livable. However, the kitchen features original cabinets, ceramic tile countertops, and a very dated electric range, while both bathrooms are also original. These critical areas are functional but significantly outdated in style and features, indicating a need for substantial modernization rather than minor updates.
Year Built
1972
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
$431
HOA
$475
Days on market
-
Sold On
-
MLS number
PW26002033
Home ConditionFair
Features
Deck
ViewNeighborhood

About this home

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!

G
George Bustamante
Listing Agent

Nearby schools

5/10
Edison Elementary School
Public,•K-5•0.2mi
7/10
International Elementary School
Public,•K-5•0.3mi
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•1.0mi
7/10
Lincoln Elementary School
Public,•K-5•1.2mi
6/10
Washington Middle School
Public,•6-8•0.8mi
6/10
Franklin Classical Middle School
Public,•6-8•1.1mi
6/10
Polytechnic High School
Public,•9-12•1.1mi
3/10
Cabrillo High School
Public,•9-12•1.7mi
Condition Rating
Fair
The property, built in 1972, has received recent cosmetic updates including new flooring and fresh paint, making it immediately livable. However, the kitchen features original cabinets, ceramic tile countertops, and a very dated electric range, while both bathrooms are also original. These critical areas are functional but significantly outdated in style and features, indicating a need for substantial modernization rather than minor updates.
Pros & Cons

Pros

Exceptional Downtown Location: Unbeatable proximity to Metro rail, dining, shopping, entertainment, and major attractions like the Aquarium of the Pacific and Shoreline Village, offering a vibrant urban lifestyle.
Recent Cosmetic Updates: Fresh paint and new flooring throughout provide a clean, bright, and move-in ready interior.
Comprehensive HOA Services: Dues cover water, trash, sewer, insurance, and grounds maintenance, simplifying ownership and reducing out-of-pocket expenses for essential services.
Secure Parking & Storage: Includes a dedicated single parking space and a large storage cabinet within a gated ground-floor structure, a significant amenity in downtown areas.
Flexible Floor Plan: The two-bedroom layout offers versatility for various needs, such as a guest room, home office, or personal sanctuary, appealing to a broad buyer base, especially first-time buyers.

Cons

Dated Kitchen: The kitchen features original cabinets and ceramic tile countertops, indicating a need for modernization to align with current aesthetic preferences and functionality.
Original Bathrooms: Both bathrooms retain their original finishes, suggesting they are functional but would benefit significantly from a remodel to enhance appeal and value.
Age of Building: Built in 1972, the property may have older infrastructure and systems, potentially leading to higher maintenance costs or a need for future upgrades beyond cosmetic renovations.
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