NOT LISTED FOR SALE

1731 Chestnut Ave Long Beach, CA 90813

Washington School Neighborhood
Studio
12 Baths
3,904 Sq Ft
7,503 Sq Ft Lot Lot

Sale Details

Date Sold: June 12, 2017

Last sale price $1,187,500 $304 Per Sq Ft

92 Days on Market

About This Home

As of June 2017

The property is comprised of twelve (12) studio units along with 4 garages in the alley. Each unit is approximately 325 square feet with a kitchen, bathroom and living area. All of the tenants are on month to month leases.Current rents are 30% below market at $850 projected. Apartment #4 @ $300 is the current manager that takescare the management. All of the tenants are cash pay, there are no section 8 tenants in this propertycurrently. The property is master metered for electric, gas, water. The current owner pays for all the bills including sewer and trash.The owners just replaced the electrical box to solar which will drop the cost of the electricity by over half. The roof is in good condition (was replaced about 15 years ago),the plumbing is all copper, new solar electric box installed at the end of 2016. The interiors have tile throughout, newerstainless steel sinks, and clean kitchen cabinets. The garages generate $50 per garage currently and laundry generates $150/

Last Agent to Sell the Property

Ryan Cinelli

BRC Advisors License #01340935 Listed on: 02/21/2017

BRC Advisors

Last Buyer's Agent

Ryan Cinelli

BRC Advisors License #01340935 Listed on: 02/21/2017

BRC Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,503 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 12 Bathrooms
  • 3,904 Sq Ft Home
  • 1-Story Property

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7269-037-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,503 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 3904
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12.00
  • Price Per S Q F T: 320.18

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 287150
  • Assessed Land Value: 178029
  • Assessor Parcel Number: 7269-037-028
  • Geocode Override: No
  • Lot Size Area: 7503

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 12
  • Rent Control: 0
  • Type Of Units: Studio
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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
06/12/2017 06/12/17 Sold $1,187,500 -5.0% $304 / Sq Ft
02/21/2017 02/21/17 For Sale $1,250,000 -- $320 / Sq Ft
Source: The MLS

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 $23,045 $1,649,848 $568,913 $1,080,935
2024 $22,054 $1,617,499 $557,758 $1,059,741
2023 $21,661 $1,585,784 $546,822 $1,038,962
2022 $20,347 $1,554,691 $536,100 $1,018,591
2021 $19,920 $1,524,208 $525,589 $998,619
2020 $19,870 $1,509,420 $520,200 $989,220
2019 $19,635 $1,479,840 $510,000 $969,840
2018 $16,194 $1,211,580 $408,000 $803,580
2016 $6,854 $465,179 $178,029 $287,150
2015 $6,608 $458,192 $175,355 $282,837
2014 $6,628 $449,218 $171,921 $277,297
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Ryan Cinelli

    BRC Advisors

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Map

Source: The MLS

MLS Number: 17-204152

The MLS
California Los Angeles County Long Beach 90813 Washington School

1731 Chestnut Ave, Long Beach, CA

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