Ramon Sanchez
Century 21 Allstars
(562) 684-6070
173 Total Sales
2 in Willmore
$445,000 Price Range
1036 Chestnut Ave Long Beach, CA 90813
Willmore Neighborhood
2
Beds
2
Baths
3,770
Sq Ft
7,478
Sq Ft Lot
About This Home
As of April 2025We are pleased to present a 7 unit apartment building located at 1036 Chestnut Avenue in Long Beach, California. This is a value-add opportunity in a
great location of Willmore in Long Beach. The subject property is close to St Mary Medical Center, 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 3,770 rentable square feet spread throughout a 7,478 square foot lot. Units 1-6 was built in 1960 and unit A was built in 1949. All units are one bedroom / one bathroom units. The subject property has new electrical subpanels and is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 4 parking spaces in the rear which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
Last Agent to Sell the Property
Marcus & Millichap Brokerage Email: kking@marcusmillichap.com License #01158184 Listed on: 09/27/2024
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 7,478 Sq Ft Lot
- Two or More Common Walls
- Rural Setting
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,770 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 12 / 8
- Tax Tract Number 575802
- Assessor Parcel Number 7272006030
- $1,307 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,685
- Fuel Expense $1,684
- Gardener Expense $1,500
- Insurance Expense $4,713
- Maintenance Expense $5,950
- Other Expense $2,377
- Professional Management Expense $6,373
- Trash Expense $1,685
- Water Sewer Expense $1,685
- New Taxes Expense $16,250
- Operating Expense $43,902
- Gross Income $127,458
- Net Operating Income $83,556
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
Listed on
Sep 27, 2024
Closed on
Mar 17, 2025
Sold by
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,500,000
Sold Price
$1,190,000
Premium/Discount to List
-$310,000
-20.67%
Views
25
Purchase Details
Closed on
Apr 17, 2015
Sold by
Bought by
Purchase Details
Closed on
Feb 24, 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
$500,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 7, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Willmore, CA
-
Ramon Sanchez
-
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
121 Total Sales
2 in Willmore
$1,200,000 Price Range
-
Armen Aroyan
Armen Aroyan
Select Real Estate LA
(747) 215-3654
32 Total Sales
1 in Willmore
$490,000 Price
-
Gerry Nicks
Gerry Nicks
Responds QuicklyKeller Williams Realty
(424) 370-0766
167 Total Sales
1 in Willmore
$345,000 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
127 Total Sales
1 in Willmore
$189,000 Price
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 |
|---|---|---|---|
| $1,190,000 | Fidelity National Title | ||
| -- | None Available | ||
| $750,000 | Lawyers 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 |
|---|---|---|---|
| Previous Owner | $500,000 |
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 |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Sold | $1,190,000 | -8.5% | $316 / Sq Ft |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Price Changed | $1,300,000 | -7.1% | $345 / Sq Ft |
| 02/05/2025 02/05/25 | Price Changed | $1,400,000 | -3.4% | $371 / Sq Ft |
| 11/26/2024 11/26/24 | Price Changed | $1,450,000 | -3.3% | $385 / Sq Ft |
| 09/27/2024 09/27/24 | For Sale | $1,500,000 | -- | $398 / 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 | $14,685 | $1,045,418 | $545,011 | $500,407 |
| 2024 | $14,062 | $1,024,921 | $534,325 | $490,596 |
| 2023 | $13,816 | $1,004,826 | $523,849 | $480,977 |
| 2022 | $12,985 | $985,125 | $513,578 | $471,547 |
| 2021 | $12,708 | $965,809 | $503,508 | $462,301 |
| 2020 | $12,676 | $956,387 | $498,346 | $458,041 |
| 2019 | $12,527 | $937,645 | $488,575 | $449,070 |
| 2018 | $12,131 | $919,271 | $478,996 | $440,275 |
| 2016 | $10,497 | $825,000 | $426,300 | $398,700 |
| 2015 | $8,370 | $660,000 | $341,000 | $319,000 |
| 2014 | $7,580 | $580,000 | $299,700 | $280,300 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Seller's Agent in 2025
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
39 Total Sales
-
G
Buyer's Agent in 2025
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24201199
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
Nearby Homes
- 1070 Chestnut Ave
- 1040 Cedar Ave
- 1014 Magnolia Ave
- 939 Pacific Ave
- 1217 Cedar Ave
- 508 W 10th St
- 1030 Daisy Ave
- 1273 Chestnut Ave
- 833 Cedar Ave
- 1140 Pacific Ave Unit 19
- 1140 Pacific Ave Unit 20
- 1238 Magnolia Ave
- 1208 Daisy Ave
- 815 Pacific Ave
- 328 W 8th St
- 800 Pacific Ave Unit 204
- 728 Cedar Ave
- 801 Pine Ave
- 838 Pine Ave Unit 409
- 838 Pine Ave Unit 506
- 1036 Chestnut Ave Unit 2
- 1036 Chestnut Ave Unit A
- 1036 Chestnut Ave Unit 4
- 1044 Chestnut Ave
- 1052 Chestnut Ave
- 1020 Chestnut Ave
- 1058 Chestnut Ave
- 347 W 10th St
- 1053 Chestnut Ave
- 1033 Chestnut Ave
- 1043 Chestnut Ave
- 339 W 10th St
- 1027 Cedar Ave
- 1070 Chestnut Ave Unit 12
- 1070 Chestnut Ave Unit 11
- 1070 Chestnut Ave Unit 10
- 1070 Chestnut Ave Unit 9
- 1070 Chestnut Ave Unit 8
- 1070 Chestnut Ave Unit 7
- 1070 Chestnut Ave Unit 6
Your Personal Tour Guide
Ask me questions while you tour the home.