Seller's Agent in 2025
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
89 Total Sales
2024 Chestnut Ave Long Beach, CA 90806
South Wrigley Neighborhood
12
Beds
5
Baths
3,692
Sq Ft
6,399
Sq Ft Lot
Highlights
- Mediterranean Architecture
- No HOA
- Wall Furnace
- Quartz Countertops
- Tile Flooring
About This Home
As of April 2025Just reduced! Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street. The property is priced to sell at 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.
Last Agent to Sell the Property
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 10/18/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 6,399 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Mediterranean Architecture
- Apartment
- Entry on the 1st floor
- Flat Roof Shape
- Tile Roof
Interior Spaces
- 3,692 Sq Ft Home
- 2-Story Property
- Laundry in unit
Kitchen
- Gas Oven
- Gas Range
- Quartz Countertops
- Laminate Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 12 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Utilities
- Wall Furnace
- 220 Volts
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 9 / 2
- Tax Tract Number 5161
- Assessor Parcel Number 7209025009
- $917 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $1,383
- Gardener Expense $1,200
- Insurance Expense $6,461
- Pest Control $1,128
- Professional Management Expense $5,912
- Trash Expense $456
- Water Sewer Expense $2,012
- New Taxes Expense $16,875
- Operating Expense $41,819
- Gross Income $124,272
- Net Operating Income $76,430
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Home Values in the Area
Average Home Value in this Area
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 | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2025 04/22/25 | Sold | $1,290,000 | -0.7% | $349 / Sq Ft | |
| 01/31/2025 01/31/25 | Pending | -- | -- | -- | |
| 01/16/2025 01/16/25 | Price Changed | $1,299,000 | -3.8% | $352 / Sq Ft | |
| 11/21/2024 11/21/24 | Price Changed | $1,350,000 | -3.5% | $366 / Sq Ft | |
| 10/18/2024 10/18/24 | For Sale | $1,399,000 | +210.9% | $379 / Sq Ft | |
| 12/30/2012 12/30/12 | Sold | $450,000 | -18.2% | $122 / Sq Ft | View Prior Sale |
| 03/19/2012 03/19/12 | Pending | -- | -- | -- | |
| 08/26/2011 08/26/11 | For Sale | $550,000 | -- | $149 / 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 | $18,536 | $1,379,569 | $636,724 | $742,845 |
| 2024 | $17,720 | $1,352,520 | $624,240 | $728,280 |
| 2023 | $17,423 | $1,326,000 | $612,000 | $714,000 |
| 2022 | $16,356 | $1,300,000 | $600,000 | $700,000 |
| 2021 | $7,593 | $566,248 | $226,498 | $339,750 |
| 2020 | $7,572 | $561,023 | $224,176 | $336,847 |
| 2019 | $7,485 | $550,035 | $219,781 | $330,254 |
| 2018 | $7,217 | $539,262 | $215,472 | $323,790 |
| 2016 | $6,631 | $517,766 | $207,106 | $310,660 |
| 2015 | $6,374 | $509,990 | $203,996 | $305,994 |
| 2014 | $6,353 | $500,000 | $200,000 | $300,000 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
-
Josh Ess
Seller Co-Listing Agent in 2025
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
4 in this area
45 Total Sales
-
Marc Habib
M
Buyer's Agent in 2025
Marc Habib
Buckingham Investments, Inc
(310) 995-4011
1 in this area
12 Total Sales
-
Keston Barker
K
Seller's Agent in 2012
Keston Barker
Choice Real Estate
(562) 283-2010
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24215716
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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