M
Seller's Agent in 2013
Michael Borba
Borba Investment Realty
(562) 924-3858
1 in this area
9 Total Sales
1463 Chestnut Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated Value: $1,222,000 - $1,726,000
13
Beds
5
Baths
4,276
Sq Ft
$327/Sq Ft
Est. Value
Highlights
- Private Yard
- Carpet
- 3-minute walk to 14th Street Park
- No HOA
About This Home
As of May 2013There aren't many investment opportunities like this one on the market right now! The property is low maintenance and operates very well with good-paying tenants, and there is an opportunity to increase rents. The building has been upgraded, including window replacement and other interior upgrades. Building is surrounded by other well maintained buildings. Units are LARGE. One 5 bedroom, a 2 bedroom, and two 3 bedroom units. The property has five one car garages, and a laundry room in the basement for extra income. Make an offer...Seller is motivated, but this one will go fast.
Last Agent to Sell the Property
Borba Investment Realty License #01380572 Listed on: 03/04/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 4,772 Sq Ft Lot
- No Common Walls
- Private Yard
Parking
- 5 Car Garage
- Parking Available
- Rear-Facing Garage
Interior Spaces
- 4,276 Sq Ft Home
- Carpet
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 13 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, trash collection
- Legal Lot and Block 7269 / 040
- Tax Tract Number 31
- Assessor Parcel Number 7269040031
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $514
- Gardener Expense $600
- Insurance Expense $1,376
- Water Sewer Expense $1,355
- New Taxes Expense $7,000
- Gross Income $4,895
- Net Operating Income $40,377
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 9, 2016
Sold by
Minnis Ronald D and Huf Judy Simon
Bought by
Minnis Ronald D and Huf Judy Simon
Current Estimated Value
Purchase Details
Listed on
Mar 4, 2013
Closed on
Apr 4, 2013
Sold by
Fruto Ron and Fruto Min
Bought by
Huf Judy and Minnis Ronald
Seller's Agent
Michael Borba
Borba Investment Realty
Buyer's Agent
Esmeralda Castaneda
Coldwell Banker Realty
List Price
$594,999
Sold Price
$592,500
Premium/Discount to List
-$2,499
-0.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$442,500
Outstanding Balance
$313,333
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$1,086,325
Purchase Details
Closed on
Jan 22, 2009
Sold by
Rk Equities Llc
Bought by
Fruto Ron and Fruto Min
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 30, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Rk Equities Llc
Purchase Details
Closed on
Feb 28, 2008
Sold by
Okunuga Adenuga
Bought by
Hsbc Bank Usa Na and Nomura Asset Acceptance Corp Mortgage Pa
Purchase Details
Closed on
Jul 12, 2005
Sold by
Cayton Michael D
Bought by
Okunuga Adenuga
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 17, 2001
Sold by
Bonn John G
Bought by
Cayton Michael D
Purchase Details
Closed on
Oct 24, 2000
Sold by
Citywide Renewal Inc
Bought by
Cayton Michael D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,302
Interest Rate
7.9%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 3, 2000
Sold by
Spruce Housing Associates Inc
Bought by
Bonn John G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,302
Interest Rate
7.9%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 18, 2000
Sold by
Robledo Rojas Carmen and Robledo Angeles Francisco
Bought by
Rojas Carmen
Purchase Details
Closed on
Sep 1, 1999
Sold by
Ward John S
Bought by
Citywide Renewal Inc
Purchase Details
Closed on
Jul 27, 1999
Sold by
Ward John S
Bought by
Spruce Housing Associates Inc
Purchase Details
Closed on
Sep 30, 1997
Sold by
Larson Mitchell Louise L and Larson Mitchell Miles
Bought by
Larson Mitchell Louise L and Larson Mitchell Miles
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Minnis Ronald D | -- | None Available | |
| Minnis Ronald D | -- | None Available | |
| Huf Judy | $592,500 | Nations Title | |
| Fruto Ron | $610,000 | First American Title Company | |
| Rk Equities Llc | $435,000 | First American National Defa | |
| Hsbc Bank Usa Na | $633,557 | Accommodation | |
| Okunuga Adenuga | $860,000 | -- | |
| Cayton Michael D | -- | -- | |
| Cayton Michael D | $330,000 | -- | |
| Bonn John G | $330,000 | United Title Company | |
| Rojas Carmen | -- | Fidelity National Title Co | |
| Citywide Renewal Inc | -- | -- | |
| Spruce Housing Associates Inc | -- | United Title Company | |
| Larson Mitchell Louise L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Huf Judy | $442,500 | |
| Previous Owner | Fruto Ron | $427,000 | |
| Previous Owner | Okunuga Adenuga | $602,000 | |
| Previous Owner | Cayton Michael D | $327,302 | |
| Previous Owner | Bonn John G | $327,711 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2013 05/14/13 | Sold | $592,500 | -0.4% | $139 / Sq Ft |
| 03/25/2013 03/25/13 | Pending | -- | -- | -- |
| 03/04/2013 03/04/13 | For Sale | $594,999 | -- | $139 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| 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 | $9,816 | $729,611 | $246,282 | $483,329 |
| 2024 | $9,816 | $715,305 | $241,453 | $473,852 |
| 2023 | $9,649 | $701,280 | $236,719 | $464,561 |
| 2022 | $9,072 | $687,530 | $232,078 | $455,452 |
| 2021 | $8,871 | $674,050 | $227,528 | $446,522 |
| 2020 | $8,847 | $667,139 | $225,195 | $441,944 |
| 2019 | $8,745 | $654,059 | $220,780 | $433,279 |
| 2018 | $8,462 | $641,235 | $216,451 | $424,784 |
| 2016 | $7,768 | $616,337 | $208,047 | $408,290 |
| 2015 | $7,464 | $607,080 | $204,922 | $402,158 |
| 2014 | $7,426 | $595,189 | $200,908 | $394,281 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Borba
-
Esmeralda Castaneda
Buyer's Agent in 2013
Esmeralda Castaneda
Coldwell Banker Realty
(323) 273-4515
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS13045651
APN: 7269-040-031
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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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