NOT LISTED FOR SALE

1607 Chestnut Ave Long Beach, CA 90813

Washington School Neighborhood

Estimated Value: $851,000 - $1,166,000

5 Beds
2 Baths
2,731 Sq Ft
$355/Sq Ft Est. Value

Last Sold December 27, 2012

Last sale price $365,000 $134 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $5,568/month

142 Days on Market

About This Home

As of December 2012

Pride of ownership duplex. All new exterior paint and trim. Downstairs unit is 2 bed/1 bath. Has all tile countertops and back splash, sink, dishwasher & garbage disposal. Most windows replaced, spacious front windows with ventilation, 9 ft. coved ceilings, dining room, bathroom remodeled 3 years ago. New carpet 2011.
Upstairs unit is 3 bed/1 bath, new flooring, has 90% new electrical in 2010, both units have 200amp panels, convenient deck off back door has all redwood rails, waterproofing and epoxy coating. New carpet in 2010. New A/C and gas heating in 2009.
3 car garage with new garage doors, 2 remote controlled Chamberlin units. New gas line to laundry room for dryers plus 220V if needed.
Seller has plans/blueprints for an additional duplex to be added in rear yard. Soil test was completed & certified.
This is a R4N zoned lot & can take 5 units up to 3 floors.

Last Agent to Sell the Property

Carolyn Faber

Compass License #00948730 Listed on: 07/01/2012

Compass

Last Buyer's Agent

Carolyn Faber

Compass License #00948730 Listed on: 07/01/2012

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 7,484 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • 2,731 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 34 / 6
  • Tax Tract Number 5754
  • Assessor Parcel Number 7269038026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7269038026
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 133.65

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7484.00
  • Lot Size Acres: 0.1720

Multi Family

  • Average2 Bed Area: 1200
  • Average3 Bed Area: 1450
  • Gross Income: 2650.00
  • Gross Scheduled Income: 31800.00
  • Lot Size Area: 7484.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 2650.00

Tax Info

  • Tax Block: 6
  • Tax Lot: 34
  • Tax Tract Number: 5754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2019
Sold by
So Vannarith and So Sothara
Bought by
So Vannarith and So Sothara
Current Estimated Value
$968,779

Purchase Details

Closed on
Mar 5, 2019
Sold by
So Vannarith
Bought by
So Vannarith and So Sothara

Purchase Details

Listed on
Jul 1, 2012
Closed on
Nov 29, 2012
Sold by
Chan Sothara
Bought by
So Vannarith
Seller's Agent
Carolyn Faber
Compass
Buyer's Agent
Carolyn Faber
Compass
List Price
$395,000
Sold Price
$365,000
Premium/Discount to List
-$30,000
-7.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$273,750
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2012
Closed on
Nov 5, 2012
Sold by
Jackson Keith B and Sproat Sandra
Bought by
So Vannarith
Seller's Agent
Carolyn Faber
Compass
Buyer's Agent
Carolyn Faber
Compass
List Price
$395,000
Sold Price
$365,000
Premium/Discount to List
-$30,000
-7.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2004
Sold by
Jones Oliver L
Bought by
Jackson Keith B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 1999
Sold by
Hud
Bought by
Jones Oliver L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
10.75%

Purchase Details

Closed on
Jul 30, 1999
Sold by
Phh Mtg Services Corp
Bought by
Hud

Purchase Details

Closed on
Jan 21, 1999
Sold by
Faustino Nancy C
Bought by
Phh Mtg Services Corp

Purchase Details

Closed on
Feb 2, 1998
Sold by
The Pen Group Inc
Bought by
Faustino Nancy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,002
Interest Rate
6.99%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 1997
Sold by
Federal National Mortgage Association
Bought by
The Pen Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.86%

Purchase Details

Closed on
Jul 31, 1996
Sold by
Osborne Floyd D and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 22, 1996
Sold by
Osborne Floyd D and Echols Arthur A
Bought by
Jenkins Mary and Osborne Floyd D

Purchase Details

Closed on
Jan 23, 1996
Sold by
Echols Arthur G
Bought by
Cooper Michael

Purchase Details

Closed on
Oct 13, 1993
Sold by
Home Svgs Of America Fsb
Bought by
Osborne Floyd D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,100
Interest Rate
4.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
So Vannarith -- None Available
So Vannarith -- None Available
So Vannarith -- North American Title Company
So Vannarith $365,000 North American Title Company
Jackson Keith B $375,000 California Counties Title
Jones Oliver L $168,000 Provident Title
Hud -- First American Title Ins Co
Phh Mtg Services Corp $176,083 First American Title Ins Co
Faustino Nancy C $170,000 American Title Ins Co
The Pen Group Inc $112,000 Gateway Title
Federal National Mortgage Association $137,000 First Southwestern Title
Jenkins Mary -- --
Cooper Michael -- --
Osborne Floyd D $179,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner So Vannarith $273,750
Previous Owner Jackson Keith B $300,000
Previous Owner Jones Oliver L $97,500
Previous Owner Faustino Nancy C $166,002
Previous Owner The Pen Group Inc $108,000
Previous Owner Osborne Floyd D $161,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2012 12/27/12 Sold $365,000 -7.6% $134 / Sq Ft
11/20/2012 11/20/12 Pending -- -- --
07/01/2012 07/01/12 For Sale $395,000 -- $145 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $6,086 $449,461 $246,282 $203,179
2024 $6,086 $440,649 $241,453 $199,196
2023 $5,986 $432,010 $236,719 $195,291
2022 $5,633 $423,540 $232,078 $191,462
2021 $5,511 $415,236 $227,528 $187,708
2020 $5,496 $410,979 $225,195 $185,784
2019 $5,434 $402,922 $220,780 $182,142
2018 $5,183 $395,022 $216,451 $178,571
2017 $5,129 $387,277 $212,207 $175,070
2016 $4,756 $379,685 $208,047 $171,638
2015 $4,569 $373,982 $204,922 $169,060
2014 $4,546 $366,657 $200,908 $165,749
Source: Public Records

Agents Affiliated with this Home

  • Carolyn Faber

    Seller's Agent in 2012

    Carolyn Faber

    Compass

    (562) 619-8674

    61 Total Sales

    Carolyn Faber
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW12084104

California Regional Multiple Listing Service (CRMLS)

APN: 7269-038-026

California Los Angeles County Long Beach 90813 Washington School

1607 Chestnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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