NOT LISTED FOR SALE

1730 Chestnut Ave Long Beach, CA 90813

Washington School Neighborhood

Estimated Value: $1,169,000 - $1,464,000

10 Beds
6 Baths
3,354 Sq Ft
$391/Sq Ft Est. Value

Last Sold January 31, 2013

Last sale price $590,000 $176 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $7,667/month

57 Days on Market

About This Home

As of January 2013

BACK ON THE MARKET!!! Standard Sale! Great investment opportunity! Excellent rental area. Large front house is 4 bedroom 2 bath, behind front house is a 3 bedroom 2 bath (both built in 2003), and back building is 2 units with a 2 bedroom 1 bath and 1 bedroom 1 bath. New exterior paint, recessed lighting, newer roof and completely fenced with wrought iron fencing. Ample space for parking in back driveway along with 3 attached garages that fit 5 cars. Plenty of parking in the back that can fit your RV or toys. Front unit is vacant and would make a great owners unit front unit includes inside washer and dryer hookups. There is also a laundry room under the staircase of back unit. Completely turn-key investment. Live in the spacious front house, and collect the rents from the back. Present rents are below market. Very low-maintenance building. Excellent area close to all services. 3 bedroom should go for $1600-$1700, and 2 bedroom $1100-$1200.

Last Agent to Sell the Property

Steven Guthrie

Platinum Finance Properties License #01440504 Listed on: 10/26/2012

Last Buyer's Agent

LiAnn Negahdauree

HomeSmart, Evergreen Realty License #01909714

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,503

Parking

  • 5 Car Garage

Home Design

  • 3,354 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • 7,503 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 4 / 3
  • Assessor Parcel Number 7269036014

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,200
  • Water Sewer Expense $1,440
  • New Taxes Expense $4,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

5

Listing Details

  • Assessments: No
  • View: No
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7269036014
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 175.91

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Multiplier: 9.31
  • Insurance Expense: 1200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Area: 11934
  • Tax Block: 3
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2012
Closed on
Jan 3, 2013
Sold by
Platinum Finance Properties Inc
Bought by
Kratz Kristian P
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
LiAnn Negahdauree
HomeSmart, Evergreen Realty
List Price
$549,900
Sold Price
$590,000
Premium/Discount to List
$40,100
7.29%
Current Estimated Value
$1,311,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$721,333
Avg. Annual Appreciation
6.37%
Original Mortgage
$442,500
Outstanding Balance
$307,095
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$1,004,238

Purchase Details

Closed on
Jul 30, 2012
Sold by
Arellano Imelda
Bought by
Platinum Finance Properties Inc and Natural Sequence Llc

Purchase Details

Closed on
Jan 4, 2006
Sold by
Arellano Imelda
Bought by
Arellano Imelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 5, 2004
Sold by
Vazquez Angelica and Arellano Imelda
Bought by
Arellano Imelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2003
Sold by
Vazquez Angelica
Bought by
Vazquez Angelica and Arellano Imelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.5%

Purchase Details

Closed on
Mar 7, 2003
Sold by
Trans Global Real Estate Llc
Bought by
Vazquez Angelica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.5%

Purchase Details

Closed on
Jan 15, 2003
Sold by
Ness Steven
Bought by
Trans Global Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
7.5%

Purchase Details

Closed on
Dec 12, 2002
Sold by
Brown David George
Bought by
Ness Steven

Purchase Details

Closed on
May 26, 2000
Sold by
Karahalios Michael and Chestnut Trust
Bought by
Brown David George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
8.63%

Purchase Details

Closed on
Feb 24, 2000
Sold by
Briseno Mateo
Bought by
Chestnut Trust #1730

Purchase Details

Closed on
Feb 11, 1999
Sold by
Espinoza Lorenzo
Bought by
Gomez Cynthia

Purchase Details

Closed on
Dec 4, 1998
Sold by
Gomez Cynthia
Bought by
Briceno Mateo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,136
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 11, 1997
Sold by
Great Western Bank Fsb
Bought by
Gomez Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.92%

Purchase Details

Closed on
Oct 30, 1996
Sold by
Khem Satum and Sok Samy
Bought by
Great Western Bank Fsb
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
Kratz Kristian P $590,000 Lawyers Title Company
Platinum Finance Properties Inc $394,000 Lawyers Title
Arellano Imelda -- First American Title Company
Arellano Imelda -- First American Title Company
Arellano Imelda -- Fidelity National Title Comp
Vazquez Angelica -- --
Vazquez Angelica $460,000 North American
Trans Global Real Estate Llc -- --
Ness Steven -- --
Brown David George $93,000 Lawyers Title Company
Chestnut Trust #1730 $68,550 --
Gomez Cynthia -- First Southwestern Title Co
Briceno Mateo $130,000 First Southwestern Title Co
Gomez Cynthia $72,000 --
Great Western Bank Fsb $65,486 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kratz Kristian P $442,500
Previous Owner Arellano Imelda $530,000
Previous Owner Arellano Imelda $484,000
Previous Owner Vazquez Angelica $368,000
Previous Owner Brown David George $96,000
Previous Owner Briceno Mateo $129,136
Previous Owner Gomez Cynthia $72,000
Closed Vazquez Angelica $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2013 01/31/13 Sold $590,000 +7.3% $176 / Sq Ft
12/22/2012 12/22/12 Pending -- -- --
10/26/2012 10/26/12 For Sale $549,900 -- $164 / 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 $9,802 $726,532 $307,852 $418,680
2024 $9,802 $712,287 $301,816 $410,471
2023 $9,636 $698,322 $295,899 $402,423
2022 $9,063 $684,631 $290,098 $394,533
2021 $8,869 $671,208 $284,410 $386,798
2019 $8,744 $651,301 $275,975 $375,326
2018 $8,400 $638,531 $270,564 $367,967
2016 $7,723 $613,737 $260,058 $353,679
2015 $7,420 $604,519 $256,152 $348,367
2014 $7,383 $592,678 $251,135 $341,543
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Steven Guthrie

    Platinum Finance Properties

    (714) 379-2370

    16 Total Sales

    Steven Guthrie
    Section Image

  • L

    Buyer's Agent in 2013

    LiAnn Negahdauree

    HomeSmart, Evergreen Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P839306

California Regional Multiple Listing Service (CRMLS)

APN: 7269-036-014

California Los Angeles County Long Beach 90813 Washington School

1730 Chestnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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