626 Chestnut Avenue 5, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
ACTIVE$294,000
626 Chestnut Avenue 5, Long Beach, California 90802
1Bed
1Bath
613Sqft
7,505Lot
Year Built
1955
Close
-
List price
$294K
Original List price
$315K
Price/Sqft
$480
HOA
$172
Days on market
-
Sold On
-
MLS number
OC24235677
Home ConditionPoor
Features
ViewCourtyard
About this home
We found 3 Cons,5 Pros. Rank: price - $294.0K(7th), sqft - 613(17th), beds - 1(50th), baths - 1(50th).
Located in a trendsetting area of Long Beach, this cute 1 bedroom/1 bath unit offers a spacious floor plan with loads of storage space. This unit has new flooring, baseboards and painting throughout. Located minutes from the beach, dining, shopping, Shoreline Village, blue line, and easy freeway access to L.A. and Orange Counties. Must be an ALL CASH Buyer
Nearby schools
5/10
Edison Elementary School
Public,•K-5•0.3mi
7/10
International Elementary School
Public,•K-5•0.3mi
7/10
Stevenson Elementary School
Public,•K-5•0.7mi
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•0.7mi
6/10
Franklin Classical Middle School
Public,•6-8•1.0mi
6/10
Polytechnic High School
Public,•9-12•1.1mi
3/10
Cabrillo High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
08/19/25
Price Change
$294,000
12/14/24
Listing
$315,000
Condition Rating
Poor
Built in 1955, this property has only received superficial cosmetic updates (new flooring, paint, baseboards). The kitchen is severely outdated with old cabinets and, critically, no visible appliances, rendering it non-functional. The bathroom is extremely dated with a green tub and pink tiled surfaces, requiring a complete renovation. These are substantial repairs and rehabilitation needed for major components. The 'ALL CASH Buyer' requirement further indicates significant underlying issues that prevent conventional financing, reinforcing its 'Poor' condition.
Pros & Cons
Pros
Prime Urban Location: Strategically located in a trendsetting area of Downtown Long Beach, offering unparalleled access to the beach, diverse dining, shopping, Shoreline Village, public transit (Blue Line), and major freeways for easy commutes to LA and Orange Counties.
Recent Interior Updates: The unit boasts new flooring, baseboards, and fresh paint throughout, providing a modern, clean, and move-in ready condition for the new owner, minimizing immediate renovation costs.
Attractive Price Point: Listed at $294,000, especially after a recent price reduction from $315,000, this property offers a competitive and accessible entry point into the desirable Long Beach real estate market.
Functional Layout & Storage: Despite being a 1-bedroom unit, the description highlights a 'spacious floor plan with loads of storage space,' maximizing utility and comfort within its footprint.
Low Association Fees: With a monthly association fee of just $172, this condo presents a very appealing option for buyers looking to minimize ongoing housing expenses compared to many other condominium developments.
Cons
All-Cash Buyer Requirement: The explicit requirement for an 'ALL CASH Buyer' significantly restricts the pool of potential purchasers, potentially prolonging market time and limiting the property's overall appeal to a niche segment of buyers.
Older Building Infrastructure: Built in 1955, the building's age suggests potential for older common area infrastructure, plumbing, or electrical systems that may require future maintenance or upgrades not covered by the unit's interior renovations.
Compact Square Footage: At 613 square feet, the unit is relatively small, which may not appeal to buyers seeking more expansive living areas or those planning for future family growth.