Marvin Phillip
Y Realty
(562) 740-8346
33 Total Sales
3 in South Wrigley
$865K - $900K Price Range
1981 Chestnut Ave Long Beach, CA 90806
South Wrigley Neighborhood
5
Beds
4
Baths
8,356
Sq Ft
7,638
Sq Ft Lot
Highlights
- 7 Car Garage
- Laundry Facilities
- Radiant Heating System
About This Home
As of January 2018The Chestnut Avenue Apartments is an 8-unit apartment community located in the South Wrigley neighborhood. This area features the vibrant submarkets of West Gateway & DTLB. The building is situated on a 7,638 square foot parcel and is comprised of two 1bed/1bath units, four 2 bed/1 bath units and two 2 bed/2 bath units. The property is located within walking distance to bus lines, restaurants, and presents an opportunity to acquire a value-add asset that provides immediate cash flow.
Located in the South Wrigley district in Long Beach, CA. Nearby parks include Cressa Park, David Burcham Field and Drake Park.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 08/10/2017
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 7,638 Sq Ft Lot
- Two or More Common Walls
- No Landscaping
Parking
- 7 Car Garage
- Parking Available
Home Design
- Property Attached
Interior Spaces
- 8,356 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Utilities
- Radiant Heating System
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 5730
- Assessor Parcel Number 7209029004
Community Details
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Electric Expense $1,733
- Insurance Expense $3,342
- Maintenance Expense $3,600
- Pest Control $1,000
- Professional Management Expense $6,190
- Supplies Expense $1,800
- Trash Expense $1,733
- Water Sewer Expense $1,733
- New Taxes Expense $22,062
- Operating Expense $43,694
- Gross Income $123,804
- Net Operating Income $80,110
Additional Features
- 8 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2017
Closed on
Jan 3, 2018
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,950,000
Sold Price
$1,775,000
Premium/Discount to List
-$175,000
-8.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.9%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 1, 2017
Sold by
Bought by
Purchase Details
Closed on
Dec 14, 2016
Sold by
Bought by
Purchase Details
Closed on
Oct 12, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Interest Rate
3.57%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 24, 2009
Sold by
Bought by
Purchase Details
Closed on
Nov 15, 2006
Sold by
Bought by
Purchase Details
Closed on
Feb 25, 2002
Sold by
Bought by
Purchase Details
Closed on
Mar 3, 1997
Sold by
Bought by
Purchase Details
Closed on
Jan 28, 1997
Sold by
Bought by
Purchase Details
Closed on
Oct 28, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Wrigley, CA
-
Marvin Phillip
-
Gina Bryson
Gina Bryson
IFG Realty
(562) 620-3688
43 Total Sales
1 in South Wrigley
$580,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
173 Total Sales
2 in South Wrigley
$670,000 Price Range
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
122 Total Sales
2 in South Wrigley
$675K - $850K Price Range
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in South Wrigley
$975,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
3 in South Wrigley
$790,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,755,000 | Old Republic Title | ||
| -- | Old Republic Title | ||
| -- | Ticor Title Company | ||
| $1,350,000 | Ticor Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| $186,000 | First American Title | ||
| $77,355 | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,349,000 | ||
| Closed | $1,100,000 | ||
| Previous Owner | $1,012,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/09/2018 01/09/18 | Sold | $1,775,000 | -1.4% | $212 / Sq Ft |
| 10/27/2017 10/27/17 | Pending | -- | -- | -- |
| 08/26/2017 08/26/17 | Price Changed | $1,800,000 | -7.7% | $215 / Sq Ft |
| 08/10/2017 08/10/17 | For Sale | $1,950,000 | -- | $233 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $27,301 | $1,996,887 | $568,913 | $1,427,974 |
| 2024 | $26,077 | $1,957,733 | $557,758 | $1,399,975 |
| 2023 | $25,636 | $1,919,347 | $546,822 | $1,372,525 |
| 2022 | $24,077 | $1,881,713 | $536,100 | $1,345,613 |
| 2021 | $23,568 | $1,844,818 | $525,589 | $1,319,229 |
| 2019 | $23,231 | $1,790,100 | $510,000 | $1,280,100 |
| 2018 | $18,027 | $1,377,000 | $408,000 | $969,000 |
| 2017 | $17,838 | $1,350,000 | $400,000 | $950,000 |
| 2016 | $4,208 | $255,885 | $130,694 | $125,191 |
| 2015 | $4,070 | $252,042 | $128,731 | $123,311 |
| 2014 | $4,090 | $247,106 | $126,210 | $120,896 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Seller's Agent in 2018
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
81 Total Sales
-
Anthony Walker
Buyer's Agent in 2018
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
88 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17184670
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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