S
Seller's Agent in 2015
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
80 Total Sales
1575 Chestnut Ave Long Beach, CA 90813
Washington School Neighborhood
19
Beds
8
Baths
7,470
Sq Ft
1960
Built
About This Home
As of August 2015Built in 1960, 1575 Chestnut Avenue has a total of nine units that were built upon a raised foundation and enclosed with a flat roof. The property has an outstanding unit mix that consists of six two-bedroom/one-bathroom units and three three-bedroom/one-bathroom units. The subject property also has five single-car garages and gated access at the front and rear of the property.
1575 Chestnut Avenue is located in a strong rental market that rarely sees vacancy. Having been recently rehabbed with new paint and vinyl windows, it would be a great addition to the portfolio of any investor looking for strong cash flow in a turnkey asset.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/15/2015
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 7,470 Sq Ft Lot
- No Units Located Below
- 1 Common Wall
Parking
- 5 Car Garage
Home Design
- 7,470 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 19 Bedrooms
- 8 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 44
- Tax Tract Number 6
- Assessor Parcel Number 7269038029
Community Details
Overview
- 9 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- Electric Expense $1,126
- Gardener Expense $840
- Insurance Expense $2,799
- Maintenance Expense $4,640
- Other Expense $1,800
- Professional Management Expense $4,860
- Trash Expense $258
- Water Sewer Expense $2,618
- New Taxes Expense $16,767
- Gross Income $9,666
- Net Operating Income $75,501
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/10/2015 08/10/15 | Sold | $1,385,000 | +889.3% | $185 / Sq Ft |
| 06/13/2015 06/13/15 | Pending | -- | -- | -- |
| 05/15/2015 05/15/15 | For Sale | $140,000 | -- | $19 / 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 | $31,322 | $2,431,164 | $583,234 | $1,847,930 |
| 2024 | $31,322 | $2,383,496 | $571,799 | $1,811,697 |
| 2023 | $30,789 | $2,336,762 | $560,588 | $1,776,174 |
| 2022 | $28,899 | $2,290,945 | $549,597 | $1,741,348 |
| 2021 | $28,312 | $2,246,025 | $538,821 | $1,707,204 |
| 2019 | $27,909 | $2,180,438 | $520,200 | $1,660,238 |
| 2018 | $27,205 | $2,137,700 | $510,000 | $1,627,700 |
| 2016 | $18,677 | $1,385,000 | $350,000 | $1,035,000 |
| 2015 | $11,636 | $922,149 | $307,383 | $614,766 |
| 2014 | $11,593 | $904,086 | $301,362 | $602,724 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
G
Buyer's Agent in 2015
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15104749
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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