Seller's Agent in 2018
Jim Spathos
24 Hour Real Estate
(562) 400-2148
10 Total Sales
1941 Chestnut Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated Value: $1,063,000 - $1,418,000
9
Beds
4
Baths
3,245
Sq Ft
$392/Sq Ft
Est. Value
About This Home
As of June 2018Very Charming! Spanish style three units in South Wrigley. . Two story front building has 2/3 bedroom 1 bath units and there is a detached 3 bedroom 2 bath home with attached 2 car garage. Long term tenants with low rent. Lots of upside potential! Large gated front yard and driveway for several vehicles. Dense area with strong upside in rents. Please do not disturb tenants. Drive by only. Buyer to verify all permits, square footage, bedroom and bathroom count etc. Pro Forma rents bring this property to a 12.4 GRM! Please click on supplements link for financial info.
Last Agent to Sell the Property
24 Hour Real Estate License #01296368 Listed on: 11/06/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 7,625 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- 3,245 Sq Ft Home
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Property is near public transit
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 1
- Tax Tract Number 1
- Assessor Parcel Number 7209029014
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $400
- Gardener Expense $720
- Insurance Expense $1,400
- Water Sewer Expense $2,544
- New Taxes Expense $11,712
- Operating Expense $16,956
- Gross Income $37,644
- Net Operating Income $37,644
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 6, 2017
Closed on
May 29, 2018
Sold by
Frousakis Gus N
Bought by
Hess James John
Seller's Agent
Jim Spathos
24 Hour Real Estate
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$937,750
Sold Price
$895,000
Premium/Discount to List
-$42,750
-4.56%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,645
Avg. Annual Appreciation
4.73%
Original Mortgage
$853,741
Outstanding Balance
$736,673
Interest Rate
4.4%
Mortgage Type
VA
Estimated Equity
$535,972
Purchase Details
Listed on
Sep 2, 2014
Closed on
Dec 11, 2014
Sold by
Frousakis Vicky
Bought by
Frousakis Gus N
Seller's Agent
Adrian Cafuentes
Keller Williams Beverly Hills
Buyer's Agent
Jim Spathos
24 Hour Real Estate
List Price
$450,000
Sold Price
$470,000
Premium/Discount to List
$20,000
4.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.46%
Purchase Details
Closed on
Aug 26, 2014
Sold by
Suastegui Alfredo
Bought by
Frousakis Gus N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 4, 2004
Sold by
Suastegui Alfredo and Barrera Anita Mancilla
Bought by
Suastegui Alfredo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 16, 2001
Sold by
Cabanas Arturo and Cabanas Reyna
Bought by
Suastegui Alfredo
Purchase Details
Closed on
Mar 7, 1998
Sold by
Sanchez Palemon
Bought by
Cabanas Arturo and Cabanas Reyna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,430
Interest Rate
7.18%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 16, 1998
Sold by
Family Trust Rudolph Dewey And Sandra E Trs R
Bought by
Sanchez Palemon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,430
Interest Rate
7.18%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hess James John | $895,000 | Old Republic Title Company | |
| Frousakis Gus N | -- | Fidelity National Title | |
| Frousakis Gus N | $470,000 | Fidelity National Title Co | |
| Suastegui Alfredo | -- | Landsafe Title | |
| Suastegui Alfredo | -- | -- | |
| Cabanas Arturo | $215,000 | South Coast Title | |
| Sanchez Palemon | $140,000 | Continental Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hess James John | $853,741 | |
| Previous Owner | Frousakis Gus N | $329,000 | |
| Previous Owner | Suastegui Alfredo | $385,000 | |
| Previous Owner | Cabanas Arturo | $210,430 | |
| Previous Owner | Sanchez Palemon | $139,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/04/2018 06/04/18 | Sold | $895,000 | -2.6% | $276 / Sq Ft | |
| 02/08/2018 02/08/18 | Price Changed | $919,000 | -2.0% | $283 / Sq Ft | |
| 11/06/2017 11/06/17 | For Sale | $937,750 | +99.5% | $289 / Sq Ft | |
| 12/20/2014 12/20/14 | Sold | $470,000 | +4.4% | $145 / Sq Ft | View Prior Sale |
| 09/01/2014 09/01/14 | Pending | -- | -- | -- | |
| 03/06/2014 03/06/14 | For Sale | $450,000 | -- | $139 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,192 | $1,018,352 | $398,238 | $620,114 |
| 2024 | $13,192 | $998,385 | $390,430 | $607,955 |
| 2023 | $12,973 | $978,810 | $382,775 | $596,035 |
| 2022 | $12,185 | $959,619 | $375,270 | $584,349 |
| 2021 | $11,939 | $940,804 | $367,912 | $572,892 |
| 2020 | $11,908 | $931,158 | $364,140 | $567,018 |
| 2019 | $11,770 | $912,900 | $357,000 | $555,900 |
| 2018 | $6,563 | $496,443 | $264,065 | $232,378 |
| 2016 | $6,028 | $477,167 | $253,812 | $223,355 |
| 2015 | $5,793 | $470,000 | $250,000 | $220,000 |
| 2014 | $4,048 | $316,885 | $144,609 | $172,276 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Spathos
-
Anthony Walker
Buyer's Agent in 2018
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
6 in this area
91 Total Sales
-
A
Seller's Agent in 2014
Adrian Cafuentes
Keller Williams Beverly Hills
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW17246834
APN: 7209-029-014
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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