NOT LISTED FOR SALE

1435 Chestnut Ave Long Beach, CA 90813

Washington School Neighborhood

Estimated Value: $732,000 - $803,000

4 Beds
2 Baths
1,524 Sq Ft
$505/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2019

Last sale price $570,000 $374 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,849 / mo

20 Days on Market

About This Home

As of September 2019

BACK ON THE MARKET! Subject to cancelation of current escrow... RARE OPPORTUNITY DUPLEX IN LONG BEACH, incredible cashflow potential. New Windows! Just minutes from the Ocean, Queen Mary, Downtown Long Beach, the Aquarium of the Pacific, convention center, etc. This is a high demand area and a prime rental location. Units are getting updates and new paint! Both units are a spacious 2 Bed 1 Bath with great floorpans. Property also has a detached 2 car garage. This area is made up of many multiple family properties with ample street parking spaces available. There is a well maintained family friendly park directly across the street. Property has Separate Electric and Gas meters with 1 water meter.

Last Agent to Sell the Property

Zak Ols

Coldwell Banker Icon License #01960059 Listed on: 07/27/2019

Last Buyer's Agent

Zak Ols

Coldwell Banker Icon License #01960059 Listed on: 07/27/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 4,303 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,524 Sq Ft Home
  • Property Attached
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 18 / B
  • Tax Tract Number 7518
  • Assessor Parcel Number 7269040035

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,200
  • Operating Expense $9,800
  • Gross Income $46,800
  • Net Operating Income $37,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

4,303 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Willmore District (WM)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7269040035
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 374.02
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4303.00
  • Lot Size Acres: 0.0988

Multi Family

  • Average2 Bed Area: 762 Square Feet
  • Gross Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 4303.0000 Square Feet
  • Net Operating Income: 37000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9800.00
  • Rent Control: Yes
  • Total Expenses: 9800.00

Tax Info

  • New Taxes Expense: 7200.00
  • Tax Block: B
  • Tax Census Tract: 5754.01
  • Tax Lot: 18
  • Tax Tract Number: 7518

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
Aug 28, 2024
Sold by
Bought by
Current Estimated Value
$769,793

Purchase Details

Listed on
Jul 27, 2019
Closed on
Aug 21, 2019
Sold by
Bought by
Seller's Agent
Zak Ols
Coldwell Banker Icon
Buyer's Agent
Zak Ols
Coldwell Banker Icon
List Price
$598,000
Sold Price
$570,000
Premium/Discount to List
-$28,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
Jun 3, 2019
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
$304,500
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2019
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
$304,500
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 2001
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
$154,850
Interest Rate
8.9%

Purchase Details

Closed on
Dec 18, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 1998
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
$177,930
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 30, 1998
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
$177,930
Interest Rate
6.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- None Listed On Document
-- None Listed On Document
$570,000 First American Title Company
$437,500 First American Title Company
$430,000 First American Title Company
-- --
$163,500 Ticor Title
-- Landsafe Title
$189,620 Landsafe Title
$180,000 Benefit Land Title Company
$114,000 Continental 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 $304,500
Previous Owner $130,500
Previous Owner $154,850
Previous Owner $177,930
Previous Owner $114,000
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
09/11/2019 09/11/19 Sold $570,000 0.0% $374 / Sq Ft
09/09/2019 09/09/19 Off Market $570,000 -- --
09/03/2019 09/03/19 Price Changed $589,000 -1.5% $386 / Sq Ft
07/27/2019 07/27/19 For Sale $598,000 -- $392 / 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 $8,394 $623,375 $328,093 $295,282
2024 $8,046 $611,153 $321,660 $289,493
2023 $7,911 $599,170 $315,353 $283,817
2022 $7,428 $587,422 $309,170 $278,252
2021 $7,280 $575,905 $303,108 $272,797
2020 $7,262 $570,000 $300,000 $270,000
2019 $3,557 $259,653 $96,068 $163,585
2018 $3,403 $254,563 $94,185 $160,378
2016 $3,129 $244,680 $90,529 $154,151
2015 $3,008 $241,006 $89,170 $151,836
2014 $2,996 $236,286 $87,424 $148,862
Source: Public Records

Agents Affiliated with this Home

  • Zak Ols

    Seller's Agent in 2019

    Zak Ols

    Coldwell Banker Icon

    (909) 720-8283

    65 Total Sales

    Zak Ols
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19153459

California Regional Multiple Listing Service (CRMLS)

APN: 7269-040-035

California Los Angeles County Long Beach 90813 Washington School

1435 Chestnut Ave, Long Beach, CA

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.

California Regional Multiple Listing Service (CRMLS) 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
Your Personal Tour Guide

Ask me questions while you tour the home.