NOT LISTED FOR SALE
10 Beds
10 Baths
9,484 Sq Ft
6,771 Sq Ft Lot

Sale Details

Date Sold: April 1, 2016

Last sale price $1,795,000 $189 Per Sq Ft

23 Days on Market

Highlights

  • Property is near park
  • Park or Greenbelt View
  • Wrought Iron Fence
  • Wood Flooring
  • No HOA
  • 1-minute walk to 14th Street Park

About This Home

As of April 2016

Located in Westside Long Beach, you'll find this one bedroom featuring vinyl flooring.

**Renters Insurance Required**

Must have verifiable rental history and income. No smoking. Ask about pets. No evictions please. This building is managed by a professional property management company.

To submit an application: please visit our website at or call our offices at to schedule a showing.

Nationwide Property Services Inc. does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, orientation, or military status, in any of its activities or operations.

Last Agent to Sell the Property

Nicole Wright

Seven Gables Real Estate License #01815895 Listed on: 01/25/2016

Seven Gables Real Estate

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,771 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wrought Iron Fence
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • Property Attached
  • Raised Foundation
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 9,484 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Park or Greenbelt Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • Property is near park
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 5421
  • Assessor Parcel Number 7269041026

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,404
  • Insurance Expense $2,700
  • Professional Management Expense $9,546
  • Trash Expense $2,520
  • Water Sewer Expense $9,324
  • Gross Income $13,259
  • Net Operating Income $112,314

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

6,771 Sq Ft Lot

Listing Details

  • CapRate: 6.07
  • Inclusions: Owner owned stoves
  • Professional Management Expense: 9546.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • View: Yes
  • Water Sewer Expenses: 9324.00
  • Property Type: Residential Income
  • Parcel Number: 7269041026
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 189.27

Exterior Features

  • Foundation: Raised
  • View: Park/Greenbelt
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Trash Expense: 2520.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level, Park Nearby
  • Lot Size Sq Ft: 6771.00
  • Price Per Lot Square Foot: 265.10
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1404.00
  • Gross Income: 13259.00
  • Gross Multiplier: 11.63
  • Gross Scheduled Income: 159108.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 6771.0000 Square Feet
  • Net Operating Income: 112314.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 46794.00
  • Rent Control: No

Tax Info

  • Tax Lot: 25
  • Tax Tract Number: 5421

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
Sep 14, 2017
Sold by
1424 Chestnut Llc
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
$1,627,500
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 25, 2016
Closed on
Mar 23, 2016
Sold by
Palm Apartment Holdings Lp
Bought by
1425 Chestnut Llc
Seller's Agent
Nicole Wright
Seven Gables Real Estate
Buyer's Agent
Jon Swire
The Agency
List Price
$1,795,000
Sold Price
$1,795,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,483,750
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 2, 2013
Sold by
Aslewis Holdings Llc
Bought by
Palm Apartment Holdings Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.49%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 30, 2012
Closed on
Oct 10, 2012
Sold by
Nour Properties Llc
Bought by
Aslewis Holdings Llc
Seller's Agent
George Takis
West Shores Realty, Inc.
Buyer's Agent
Watson Gan
eXp Realty of California Inc
List Price
$1,075,000
Sold Price
$1,086,000
Premium/Discount to List
$11,000
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2006
Sold by
Hedayati Mohammad Ali and Adli Azita
Bought by
Chestnut Holdings Llc

Purchase Details

Closed on
Jan 27, 2006
Sold by
Hedayati Mohammed Ali and Adli Azita
Bought by
Chestnut Holdings Llc

Purchase Details

Closed on
Oct 11, 2005
Sold by
Dormanesh Saghi
Bought by
Hedayati Mohammed Ali

Purchase Details

Closed on
Aug 10, 2005
Sold by
Nj Units Llc
Bought by
Hedayati Mohammed Ali

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Interest Rate
5.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2005
Sold by
Bral Peyman Tony
Bought by
Nj Units Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
5.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2003
Sold by
Gordon Alfred and Gordon Carmen
Bought by
Bral Peyman Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,571
Interest Rate
5.87%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 21, 2001
Sold by
Vanharlingen Darlene and The Plateel Business Trust
Bought by
Gordon Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,250
Interest Rate
7.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 1999
Sold by
Vanharlingen Johanna
Bought by
The Plateel Business Trust

Purchase Details

Closed on
Sep 9, 1999
Sold by
First Bank Of Beverly Hills
Bought by
Vanharlingen Johanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,500
Interest Rate
7.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 1999
Sold by
Wilshire Credit Corp
Bought by
First Bank Of Beverly Hills Fsb

Purchase Details

Closed on
Aug 5, 1998
Sold by
Planas Rosemary and Planas George M
Bought by
Bolnos Marco

Purchase Details

Closed on
Jun 18, 1998
Sold by
Bolnos Marco
Bought by
Planas George M

Purchase Details

Closed on
Nov 20, 1995
Sold by
Lettow Wolfgang H and Wolfgang H Lettow Trust
Bought by
Bolanos Marco

Purchase Details

Closed on
Mar 15, 1995
Sold by
First Bank Of Beverly Hills Fsb
Bought by
Lettow Wolfgang H and Wolfgang H Lettow Trust

Purchase Details

Closed on
Jun 15, 1994
Sold by
First Bank Of Beverly Hills Fsb
Bought by
First Bank Of Beverly Hills Fsb and First Bank Of Beverly Hills Ssb

Purchase Details

Closed on
Oct 15, 1993
Sold by
Gomez David and Gomez Luz E
Bought by
Chacon Juan
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Fidelity Sherman Oaks
1425 Chestnut Llc $1,790,000 Ticor Title Co
Palm Apartment Holdings Lp -- Wfg Title Company Of Ca
Aslewis Holdings Llc $1,086,000 Title 365
Chestnut Holdings Llc -- None Available
Nour Properties Llc -- None Available
Chestnut Holdings Llc -- None Available
Hedayati Mohammed Ali -- --
Adli Azita -- --
Hedayati Mohammed Ali $1,410,000 Ort
Nj Units Llc -- Old Republic Title Company
Bral Peyman Tony $650,000 --
Bral Peyman Tony -- --
Gordon Alfred $439,000 North American Title Co
The Plateel Business Trust -- --
Vanharlingen Johanna $270,000 Fidelity National Title Co
First Bank Of Beverly Hills Fsb -- --
Bolnos Marco -- --
Planas George M -- --
Bolanos Marco $11,000 --
Lettow Wolfgang H $250,000 --
First Bank Of Beverly Hills Fsb $385,258 Fidelity National Title Ins
Chacon Juan -- --
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 $2,988,750
Closed 1424 Chestnut Llc $2,161,250
Closed 1424 Chestnut Llc $1,627,500
Closed 1425 Chestnut Llc $1,483,750
Previous Owner Palm Apartment Holdings Lp $780,000
Previous Owner Aslewis Holdings Llc $750,000
Previous Owner Hedayati Mohammed Ali $890,000
Previous Owner Nj Units Llc $825,000
Previous Owner Brai Peyman Tony $575,000
Previous Owner Bral Peyman Tony $326,571
Previous Owner Gordon Alfred $329,250
Previous Owner Vanharlingen Johanna $215,500
Previous Owner Bolanos Marco $14,000
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
10/08/2024 10/08/24 Off Market $1,595 -- --
10/05/2024 10/05/24 For Rent $1,595 +4.6% --
09/03/2024 09/03/24 For Rent $1,525 -4.4% --
09/03/2024 09/03/24 For Rent $1,595 0.0% --
04/01/2016 04/01/16 Sold $1,795,000 0.0% $189 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $1,795,000 +65.3% $189 / Sq Ft
10/26/2012 10/26/12 Sold $1,086,000 +1.0% $115 / Sq Ft View Prior Sale
09/20/2012 09/20/12 Pending -- -- --
08/30/2012 08/30/12 For Sale $1,075,000 -- $113 / 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
2026 $29,996 $2,161,371 $603,733 $1,557,638
2025 $29,996 $2,118,993 $591,896 $1,527,097
2024 $28,650 $2,077,445 $580,291 $1,497,154
2023 $28,142 $2,036,712 $568,913 $1,467,799
2022 $26,444 $1,996,777 $557,758 $1,439,019
2021 $25,859 $1,957,625 $546,822 $1,410,803
2020 $25,791 $1,942,453 $541,216 $1,401,237
2019 $25,488 $1,904,462 $530,604 $1,373,858
2018 $24,843 $1,867,216 $520,200 $1,347,016
2016 $15,220 $1,129,694 $364,081 $765,613
2015 $14,646 $1,112,726 $358,613 $754,113
2014 $14,621 $1,090,930 $351,589 $739,341
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16015999

California Regional Multiple Listing Service (CRMLS)
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