Seller's Agent in 2016
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
30 Total Sales
1968 Chestnut Ave Long Beach, CA 90806
South Wrigley Neighborhood
3
Beds
3
Baths
9,437
Sq Ft
8,150
Sq Ft Lot
About This Home
As of September 201615-unit multifamily apartment building in Long Beach, CA. Built in 1947 this property features 15 units totaling 9,437 square feet, built on a 7,903 square foot lot. This property includes (2) studio/one-bathroom units, (1) studio/one-bathroom non-conforming unit, (10) one-bedroom/ one-bathroom units and (2) two-bedroom/one-bathroom units.
Tenants enjoy an on-site laundry facility and a secured gated complex in a garden setting. The building has gone through some recent renovations including but not limited to new windows, new water heater, all tile floors and some new cabinetry.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 05/04/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 8,150 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- 9,437 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- Leased Washer and Dryer
- Urban Location
- Sewer Paid
Listing and Financial Details
- Assessor Parcel Number 7209026011
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 15 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $600
- Gardener Expense $1,500
- Insurance Expense $4,500
- Maintenance Expense $7,000
- Professional Management Expense $2,320
- Supplies Expense $1,300
- Trash Expense $2,000
- Water Sewer Expense $4,000
- New Taxes Expense $26,000
- Gross Income $13,975
- Net Operating Income $113,949
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/30/2016 09/30/16 | Sold | $2,100,000 | -4.5% | $223 / Sq Ft |
| 08/12/2016 08/12/16 | Pending | -- | -- | -- |
| 05/04/2016 05/04/16 | For Sale | $2,200,000 | -- | $233 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $32,256 | $2,437,225 | $696,348 | $1,740,877 |
| 2024 | $32,256 | $2,389,438 | $682,695 | $1,706,743 |
| 2023 | $31,695 | $2,342,587 | $669,309 | $1,673,278 |
| 2022 | $29,769 | $2,296,655 | $656,186 | $1,640,469 |
| 2021 | $29,131 | $2,251,623 | $643,320 | $1,608,303 |
| 2019 | $28,713 | $2,187,400 | $624,240 | $1,563,160 |
| 2018 | $27,991 | $2,144,560 | $612,000 | $1,532,560 |
| 2016 | $18,603 | $1,441,246 | $554,879 | $886,367 |
| 2015 | $17,883 | $1,419,598 | $546,545 | $873,053 |
| 2014 | $16,204 | $1,250,000 | $500,000 | $750,000 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
-
Jon Swire
Buyer's Agent in 2016
Jon Swire
The Agency
(310) 948-2631
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC16094679
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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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