545 Chestnut 116
Long Beach, CA, 90802
$399,000
MLS: PW26002033
Beds
2
Baths
2
Sq Ft
926
Lot
0.47 ac
Year Built
1972
MLS #
PW26002033
Days on Market
105
Listed
Jan 5, 2026
Description
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!
Location
Long Beach, Los Angeles County, CA 90802
Open on Google Maps ↗Listed by: George Bustamante · Coldwell Banker Commercial
Payment estimate
$3,072
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $39,900 · Loan: $359,100
- Principal & Interest
- $2,206
- Property tax (1.25%)
- $416
- Homeowners insurance
- $300
- Mortgage insurance
- $150
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $13,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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