NOT LISTED FOR SALE

1864 Chestnut Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $975,899 - $1,141,000

1 Bed
1 Bath
2,532 Sq Ft
$421/Sq Ft Est. Value

Last Sold April 20, 2012

Last sale price $370,000 $146 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $6,113/month

98 Days on Market

About This Home

As of April 2012

Great Income Fourplex with 4 1 bedroom/1 bath Units and 3 detached Garages and 2 carports.

Last Agent to Sell the Property

Frank Marshall

Franklin Marshall, Broker License #00682236 Listed on: 11/28/2011

Franklin Marshall, Broker

Last Buyer's Agent

Debra Vaughn

Home Team Realty License #01502867

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,730

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Single Garage Door

Home Design

  • 2,532 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • 6,730 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Block C
  • Assessor Parcel Number 7209027030

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7209027030
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Price Per Square Foot: 146.13

Exterior Features

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

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Carport, Garage - Single Door
  • Total Parking Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6730.00
  • Lot Size Acres: 0.1540

Multi Family

  • Gross Income: 3700.00
  • Lot Size Area: 6730.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Area: 11934
  • Tax Block: C
  • Tax Lot: 0.
  • Tax Tract Number: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2018
Sold by
Arroyo Jose G and Arroyo Rosalina
Bought by
Arroyo Jose G and Arroyo Rosalina
Current Estimated Value
$1,065,225

Purchase Details

Listed on
Nov 28, 2011
Closed on
Mar 6, 2012
Sold by
Youngerman Nancy V and Alpha May Draper Trust Of 1982
Bought by
Arroyo Jose G and Arroyo Rosalina
Seller's Agent
Frank Marshall
Franklin Marshall, Broker
Buyer's Agent
Debra Vaughn
Home Team Realty
List Price
$389,000
Sold Price
$370,000
Premium/Discount to List
-$19,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%
Original Mortgage
$212,561
Outstanding Balance
$145,805
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$919,420

Purchase Details

Closed on
Jun 26, 2009
Sold by
Youngerman Nancy V
Bought by
Youngerman Nancy and Alpha May Draper Trust Of 1982

Purchase Details

Closed on
Sep 25, 2008
Sold by
Mochidome Kanji William
Bought by
Youngerman Nancy V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 2008
Sold by
Lasalle Bank Na
Bought by
Youngerman Nancy V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2008
Sold by
Reyes Benigno
Bought by
Lasalle Bank Na and Bear Stearns Asset Backed Securities I L

Purchase Details

Closed on
Sep 27, 2005
Sold by
Reyes Amalia
Bought by
Reyes Benigno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
5.97%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 8, 2005
Sold by
Aceves Benjamin
Bought by
Reves Benigno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
5.97%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 21, 2000
Sold by
Aceves Benny and Aceves Silvia M
Bought by
Aceves Benjamin and Aceves Maria Delaluz

Purchase Details

Closed on
Sep 23, 1998
Sold by
Aceves Benjamin and Aceves Maria Delaluz
Bought by
Aceves Benjamin and Aceves Maria Delaluz

Purchase Details

Closed on
Aug 7, 1995
Sold by
Ramirez Esau
Bought by
Aceves Benhamin and Aceves Maria Delaluz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,681
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
May 31, 1995
Sold by
Hud
Bought by
Ramirez Esau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.92%

Purchase Details

Closed on
Sep 20, 1994
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jun 28, 1994
Sold by
Mulligan James P
Bought by
Fleet Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Arroyo Jose G -- None Available
Arroyo Jose G $370,000 North American Title Company
Youngerman Nancy -- Accommodation
Youngerman Nancy V -- First American Title Company
Youngerman Nancy V $420,000 First American Title Company
Lasalle Bank Na $470,005 None Available
Reyes Benigno -- First American Title Company
Reves Benigno $670,000 First American Title Company
Aceves Benjamin -- --
Aceves Benjamin -- California Counties Title Co
Aceves Benhamin $130,000 Progressive Title Company
Ramirez Esau $97,000 California Counties Title Co
Hud -- First Southwestern Title
Fleet Mtg Corp $159,010 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arroyo Jose G $212,561
Previous Owner Youngerman Nancy V $273,000
Previous Owner Reyes Benigno $67,000
Previous Owner Reves Benigno $536,000
Previous Owner Aceves Benhamin $128,681
Previous Owner Ramirez Esau $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2012 04/20/12 Sold $370,000 -4.9% $146 / Sq Ft
03/05/2012 03/05/12 Pending -- -- --
11/28/2011 11/28/11 For Sale $389,000 -- $154 / 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 $6,517 $464,730 $251,206 $213,524
2024 $6,517 $455,619 $246,281 $209,338
2023 $6,403 $446,686 $241,452 $205,234
2022 $6,028 $437,928 $236,718 $201,210
2021 $5,894 $429,342 $232,077 $197,265
2019 $5,811 $416,610 $225,195 $191,415
2018 $5,568 $408,442 $220,780 $187,662
2016 $5,124 $392,583 $212,207 $180,376
2015 $4,928 $386,687 $209,020 $177,667
2014 $4,913 $379,113 $204,926 $174,187
Source: Public Records

Agents Affiliated with this Home

  • Frank Marshall

    Seller's Agent in 2012

    Frank Marshall

    Franklin Marshall, Broker

    (562) 884-7151

    24 Total Sales

    Frank Marshall
    Section Image

  • D

    Buyer's Agent in 2012

    Debra Vaughn

    Home Team Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P804322

California Regional Multiple Listing Service (CRMLS)

APN: 7209-027-030

California Los Angeles County Long Beach 90806 South Wrigley

1864 Chestnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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