NOT LISTED FOR SALE
14 Beds
14 Baths
7,074 Sq Ft
6,333 Sq Ft Lot

Last Sold March 29, 2018

Last sale price $2,060,000 $291 Per Sq Ft

94 Days on Market

About This Home

As of March 2018

Welcome to your new home at 2166 Chestnut Ave, nestled in the charming Wrigley neighborhood of Long Beach! This modern, gated complex boasts beautiful tree-lined streets, creating a serene atmosphere for you to call home. With convenient access to the 405 and 710 freeways, shopping adventures and daily commutes are a breeze. Our community is located moments away from the Long Beach Memorial Hospital, ensuring peace of mind for your healthcare needs. The building, hosting a total of 8 units, ensures a quiet and intimate living experience. Enjoy the luxury of tuck-under-covered parking, a private covered balcony for each unit, and the convenience of on-site laundry facilities. Live minutes away from the vibrant Belmont Shore, with the beach, The Pike, Retro Row, and Downtown Long Beach (DTLB) just a short journey away. Embrace the heart of Long Beach and all its beauty, right at your doorstep.

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 10/30/2017

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Kevin Kretzmer

TurboHome Brokerage Inc. License #01997822

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,333 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 12 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 7,074 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5161
  • Assessor Parcel Number 7205027004

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,476
  • Maintenance Expense $4,467
  • Trash Expense $2,400
  • Water Sewer Expense $2,400
  • New Taxes Expense $26,250
  • Operating Expense $38,593
  • Gross Income $148,896
  • Net Operating Income $105,836

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

12

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7205027004
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 291.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Carport
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6333.00

Multi Family

  • Gross Income: 148896.00
  • Gross Scheduled Income: 148896.00
  • Insurance Expense: 2476.00
  • Laundry Income: 4800.00
  • Maintenance Expense: 4467.00
  • Net Operating Income: 105836.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 38593.00
  • Rent Control: No
  • Total Actual Rent: 12008.00
  • Total Expenses: 38593.00

Tax Info

  • New Taxes Expense: 26250.00
  • Tax Census Tract: 5730.04
  • Tax Lot: 4
  • Tax Tract Number: 5161
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/19/2024 03/19/24 For Rent $2,010 0.0% --
10/26/2023 10/26/23 Price Changed $2,010 -13.4% $3 / Sq Ft
08/07/2023 08/07/23 For Rent $2,320 0.0% --
07/05/2023 07/05/23 For Rent $2,320 0.0% --
05/05/2023 05/05/23 For Rent $2,320 0.0% --
03/23/2023 03/23/23 Price Changed $2,320 +7.9% $3 / Sq Ft
03/15/2023 03/15/23 For Rent $2,150 0.0% --
01/31/2023 01/31/23 Price Changed $2,150 -10.2% $3 / Sq Ft
01/05/2023 01/05/23 For Rent $2,395 0.0% --
03/29/2018 03/29/18 Sold $2,060,000 -1.9% $291 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $2,100,000 0.0% $297 / Sq Ft
11/09/2017 11/09/17 Pending -- -- --
10/30/2017 10/30/17 For Sale $2,100,000 +31.3% $297 / Sq Ft
12/05/2016 12/05/16 Sold $1,600,000 0.0% $226 / Sq Ft View Prior Sale
12/05/2016 12/05/16 Pending -- -- --
12/05/2016 12/05/16 For Sale $1,600,000 +20.8% $226 / Sq Ft
04/22/2014 04/22/14 Sold $1,325,000 -1.9% $187 / Sq Ft View Prior Sale
02/17/2014 02/17/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $1,350,000 +17.3% $191 / Sq Ft
08/22/2012 08/22/12 Sold $1,151,000 -4.1% $163 / Sq Ft View Prior Sale
07/11/2012 07/11/12 Pending -- -- --
09/29/2011 09/29/11 For Sale $1,200,000 -- $170 / 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 $30,157 $2,342,586 $613,533 $1,729,053
2024 $30,157 $2,296,653 $601,503 $1,695,150
2023 $29,647 $2,251,621 $589,709 $1,661,912
2022 $27,829 $2,207,473 $578,147 $1,629,326
2021 $27,260 $2,164,190 $566,811 $1,597,379
2020 $27,188 $2,143,924 $520,200 $1,623,724
2019 $26,884 $2,101,900 $510,000 $1,591,900
2018 $21,029 $1,632,700 $510,000 $1,122,700
2016 $17,056 $1,372,082 $414,213 $957,869
2015 $16,381 $1,351,473 $407,992 $943,481
2014 $14,369 $1,156,225 $301,362 $854,863
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17246716

California Regional Multiple Listing Service (CRMLS)