Dennis Fulmore
Dennis Wayne Group
(424) 688-7260
20 Total Sales
1 in Willmore
$345,000 Price
1027 Chestnut Ave Long Beach, CA 90813
Willmore Neighborhood
3
Beds
9
Baths
3,138
Sq Ft
9,827
Sq Ft Lot
Highlights
- 9,827 Sq Ft lot
- Paved or Partially Paved Lot
- 1-Story Property
- Property is near public transit
About This Home
As of September 2018Incredible value add opportunity in the heart of Downtown Long Beach's "Drake Park" neighborhood. Roughly 25% upside in monthly income and a 6.68% cap rate at market rents. Three Buildings: (1) 3 Bed / 2 bath detached house, (5) - Studios and (2) - Studios above a 3 car garage. Unit 1027 was just remodeled with two-tone paint, vinyl plank floors, granite counters & updated fixtures and will be rented for $1095. Some units are modestly updated including new kitchen & bathroom tiling, refinished original hardwood flooring and crown molding in the detached house, new gas ranges and two-tone interior paint.
Last Agent to Sell the Property
eXp Realty of Greater L.A License #01946829 Listed on: 04/23/2018
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,005
Year Built
- Built in 1923
Lot Details
- 9,827 Sq Ft Lot
- No Common Walls
- Paved or Partially Paved Lot
- Level Lot
Parking
- 3 Car Garage
Interior Spaces
- 3,138 Sq Ft Home
- 1-Story Property
- Washer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
- 9 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, grounds care
- Legal Lot and Block 4 / 9
- Tax Tract Number 5758
- Assessor Parcel Number 7272007008
Community Details
Overview
- 3 Buildings
- 8 Units
Building Details
- 8 Leased Units
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $20
- Fuel Expense $742
- Gardener Expense $780
- Insurance Expense $2,362
- Maintenance Expense $6,500
- Other Expense $780
- Pest Control $960
- Supplies Expense $910
- Trash Expense $456
- Water Sewer Expense $1,381
- New Taxes Expense $18,005
- Operating Expense $32,117
- Gross Income $102,660
- Net Operating Income $66,823
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 19, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
4.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 27, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$992,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 28, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$992,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Listed on
May 16, 2013
Closed on
Apr 16, 2014
Sold by
Bought by
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
List Price
$845,000
Sold Price
$750,000
Premium/Discount to List
-$95,000
-11.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
4.32%
Mortgage Type
Commercial
Purchase Details
Listed on
Dec 16, 2011
Closed on
Nov 29, 2012
Sold by
Bought by
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Steve Gamez
P.R.S. Properties
List Price
$695,000
Sold Price
$590,000
Premium/Discount to List
-$105,000
-15.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.45%
Original Mortgage
$500,000
Interest Rate
3.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 20, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 2, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
6.07%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 29, 1996
Sold by
Bought by
Purchase Details
Closed on
Mar 22, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Willmore, CA
-
Dennis Fulmore
-
Leslie Stonick
Leslie Stonick
Compass
(424) 381-0410
73 Total Sales
1 in Willmore
$785,000 Price
-
Marcus Ibrahim
Marcus Ibrahim
eXp Realty of Greater Los Angeles
(781) 476-7479
89 Total Sales
2 in Willmore
$374K - $640K Price Range
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
173 Total Sales
2 in Willmore
$445,000 Price Range
-
Jason Lowery
Jason Lowery
Compass
(747) 229-0866
88 Total Sales
1 in Willmore
$525,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
120 Total Sales
2 in Willmore
$1,200,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | North American Title | ||
| $1,275,000 | Fidelity National Title Comp | ||
| -- | Fidelity National Title | ||
| $750,000 | Chicago Title Company | ||
| $590,000 | Title365 | ||
| $550,000 | Old Republic Title Co La | ||
| -- | Fidelity National Title Comp | ||
| $630,000 | Fidelity National Title Comp | ||
| -- | Stewart Title | ||
| -- | Stewart Title | ||
| -- | Stewart Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,185,000 | ||
| Closed | $960,000 | ||
| Previous Owner | $992,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $555,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $434,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/11/2018 09/11/18 | Sold | $1,240,000 | -10.7% | $395 / Sq Ft | |
| 04/23/2018 04/23/18 | For Sale | $1,388,000 | +85.1% | $442 / Sq Ft | |
| 04/23/2014 04/23/14 | Sold | $750,000 | -11.2% | $239 / Sq Ft | View Prior Sale |
| 01/13/2014 01/13/14 | Pending | -- | -- | -- | |
| 05/16/2013 05/16/13 | For Sale | $845,000 | +43.2% | $269 / Sq Ft | |
| 12/15/2012 12/15/12 | Sold | $590,000 | -15.1% | $124 / Sq Ft | View Prior Sale |
| 12/01/2012 12/01/12 | Pending | -- | -- | -- | |
| 12/16/2011 12/16/11 | For Sale | $695,000 | -- | $146 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,780 | $1,422,282 | $992,809 | $429,473 |
| 2024 | $18,951 | $1,394,395 | $973,343 | $421,052 |
| 2023 | $18,613 | $1,367,055 | $954,258 | $412,797 |
| 2022 | $17,262 | $1,340,251 | $935,548 | $404,703 |
| 2021 | $16,908 | $1,313,972 | $917,204 | $396,768 |
| 2020 | $16,865 | $1,301,060 | $907,800 | $393,260 |
| 2019 | $16,666 | $1,275,560 | $890,000 | $385,560 |
| 2018 | $10,858 | $808,584 | $565,618 | $242,966 |
| 2017 | $10,741 | $792,181 | $554,528 | $237,653 |
| 2016 | $10,007 | $776,649 | $543,655 | $232,994 |
| 2015 | $9,619 | $764,984 | $535,489 | $229,495 |
| 2014 | $7,797 | $592,678 | $411,861 | $180,817 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew McAllister
A
Seller's Agent in 2018
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
1 in this area
14 Total Sales
-
Drew McAllister
Buyer's Agent in 2018
Drew McAllister
Nationwide Real Estate Execs
(925) 683-9203
1 in this area
11 Total Sales
-
Steve Gamez
Seller's Agent in 2014
Steve Gamez
P.R.S. Properties
(714) 328-0832
3 Total Sales
-
Marty Stone
Buyer's Agent in 2014
Marty Stone
BUCKINGHAM INVESTMENTS
(310) 322-9763
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS18093079
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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