Dennis Fulmore
Dennis Wayne Group
(424) 688-7260
19 Total Sales
1 in Washington School
$610,000 Price
1584 Chestnut Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated Value: $762,000 - $1,031,920
5
Beds
2
Baths
2,132
Sq Ft
$406/Sq Ft
Est. Value
About This Home
As of March 20241584 Chestnut Avenue is a 2-unit multifamily investment opportunity located in Long Beach, CA. Situated on a 0.17-acre parcel, 1584 Chestnut Avenue offers a spacious three-bedroom home with a two-car garage in the front and a two-bedroom apartment above 4 garage spaces in the rear of the property. These garage spaces offer ownership the opportunity for significant additional income through the rental of the extra garage spaces.
The property represents a unique value-add opportunity with ample upside. With current rents below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. 1584 Chestnut Avenue benefits from its excellent location, just North of Downtown Long Beach, providing residents with convenient access to an abundance of retail, dining, and entertainment options, as well as employers. 1584 Chestnut Avenue is available in conjunction with the adjacent 11-unit property located at 1600 Chestnut Avenue.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 02/16/2024
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Property Details
Home Type
- Apartment
Year Built
- Built in 1953
Lot Details
- 7,405 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 6 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,132 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 14 / 7
- Tax Tract Number 575401
- Assessor Parcel Number 7269039009
- $555 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $275
- Fuel Expense $275
- Insurance Expense $2,500
- Maintenance Expense $1,400
- Other Expense $3,155
- Trash Expense $275
- Water Sewer Expense $275
- New Taxes Expense $9,332
- Operating Expense $17,487
- Gross Income $47,580
- Net Operating Income $28,684
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
Feb 16, 2024
Closed on
Mar 11, 2024
Sold by
2003 Graham Family Trust
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Minh Huynh
COLDWELL BANKER DYNASTY/TC
List Price
$750,000
Sold Price
$750,000
Views
48
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,344
Avg. Annual Appreciation
6.15%
Original Mortgage
$525,000
Outstanding Balance
$515,997
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$349,983
Purchase Details
Closed on
Mar 16, 2017
Sold by
Graham George A and Graham Carla J
Bought by
Graham George A and Graham Carla J
Purchase Details
Closed on
Feb 8, 2006
Sold by
Graham George A and Graham Carla J
Bought by
Graham George A and Graham Carla J
Purchase Details
Closed on
Jul 18, 2003
Sold by
Graham George A and Graham Carla J
Bought by
Graham George A and Graham Carla J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 6, 2003
Sold by
Graham George A and Graham Carla J
Bought by
Graham George A and Graham Carla J
Purchase Details
Closed on
Jan 9, 2002
Sold by
Graham George A and Graham Carla J
Bought by
Graham George A and Graham Carla J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.84%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Washington School, CA
-
Dennis Fulmore
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
121 Total Sales
1 in Washington School
$505,000 Price
-
Teriann McKenna
Teriann McKenna
TM Real Estate Services
(424) 396-2889
10 Total Sales
1 in Washington School
$253,000 Price
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
151 Total Sales
1 in Washington School
$663,000 Price
-
Poupee Komenkul
Poupee Komenkul
Rodeo Realty
(747) 998-0899
144 Total Sales
2 in Washington School
$275K - $283K Price Range
-
Melissa Barlow
Melissa Barlow
Responds QuicklyElite Representation Real Estate
(424) 704-9071
43 Total Sales
1 in Washington School
$1,150,000 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 |
|---|---|---|---|
| $750,000 | Chicago Title Company | ||
| Graham George A | -- | None Available | |
| Graham George A | -- | None Available | |
| Graham George A | -- | Alliance Title Company | |
| Graham George A | -- | -- | |
| Graham George A | -- | Northern Counties 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 |
|---|---|---|---|
| Open | $525,000 | ||
| Previous Owner | Graham George A | $160,000 | |
| Previous Owner | Graham George A | $140,000 |
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 |
|---|---|---|---|---|
| 03/28/2024 03/28/24 | Sold | $750,000 | 0.0% | $352 / Sq Ft |
| 03/05/2024 03/05/24 | Pending | -- | -- | -- |
| 02/16/2024 02/16/24 | For Sale | $750,000 | -- | $352 / 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 | $10,319 | $780,300 | $468,180 | $312,120 |
| 2025 | $10,319 | $765,000 | $459,000 | $306,000 |
| 2024 | $3,790 | $258,927 | $103,193 | $155,734 |
| 2023 | $3,726 | $253,851 | $101,170 | $152,681 |
| 2022 | $3,514 | $248,875 | $99,187 | $149,688 |
| 2021 | $3,434 | $243,996 | $97,243 | $146,753 |
| 2020 | $3,424 | $241,495 | $96,246 | $145,249 |
| 2019 | $3,386 | $236,760 | $94,359 | $142,401 |
| 2018 | $3,182 | $232,118 | $92,509 | $139,609 |
| 2016 | $2,920 | $223,107 | $88,918 | $134,189 |
| 2015 | $2,809 | $219,757 | $87,583 | $132,174 |
| 2014 | $2,801 | $215,453 | $85,868 | $129,585 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
171 Total Sales
-
Minh Huynh
MH
Buyer's Agent in 2024
Minh Huynh
COLDWELL BANKER DYNASTY/TC
(626) 309-1900
1 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24033408
APN: 7269-039-009
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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