NOT LISTED FOR SALE

1701 Chestnut Ave Long Beach, CA 90813

Washington School Neighborhood
3 Beds
2 Baths
6,889 Sq Ft
8,269 Sq Ft Lot

Last Sold June 21, 2013

Last sale price $700,000 $102 Per Sq Ft

7 Days on Market

Highlights

  • Fireplace in Bathroom
  • Zoned Heating and Cooling
  • Carpet
  • No HOA
  • South Facing Home

About This Home

As of June 2013

Corner lot, two story. 6 garages. Believed to be average condition. Was told that two of the garages have roof leaks. 10 x 10 building on top of garages is for water heater.

Last Agent to Sell the Property

K. Wayne Smith

Garden Park A Real Estate Co. License #00637587 Listed on: 05/16/2013

Last Buyer's Agent

K. Wayne Smith

Garden Park A Real Estate Co. License #00637587 Listed on: 05/16/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 8,269 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Fence is in average condition
  • Density is 31-35 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 6,889 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • Exterior Lighting
  • Zoned Heating and Cooling

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 19,2
  • Tax Tract Number 1010
  • Assessor Parcel Number 7269037031

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $1,000
  • Maintenance Expense $1,500
  • Professional Management Expense $3,600
  • Trash Expense $1,164
  • Water Sewer Expense $2,700
  • New Taxes Expense $8,000
  • Gross Income $6,500
  • Net Operating Income $67,172

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2700.00
  • Zoning: R
  • Property Type: Residential Income
  • Parcel Number: 7269037031
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Fireplace Features: Bath
  • Levels: Two
  • Price Per Square Foot: 101.61

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Zoned
  • Trash Expense: 1164.00
  • Water Source: Public
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: 31-35 Units/Acre
  • Lot Size Sq Ft: 8269.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 6500.00
  • Gross Scheduled Income: 78000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 8269.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 67172.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 10827.00
  • Rent Control: No
  • Total Actual Rent: 78000.00

Tax Info

  • New Taxes Expense: 8000.00
  • Taxes Percent: 1.00
  • Tax Lot: 19,2
  • Tax Tract Number: 01010
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2013 06/21/13 Sold $700,000 -14.6% $102 / Sq Ft
05/23/2013 05/23/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $820,000 -- $119 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    K. Wayne Smith

    Garden Park A Real Estate Co.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13091061

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Washington School

1701 Chestnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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