2224 Chestnut Ave Long Beach, CA 90806
South Wrigley Neighborhood
8
Beds
4
Baths
5,585
Sq Ft
6,501
Sq Ft Lot
Highlights
- Spanish Architecture
- Laundry Room
- Floor Furnace
- Double Pane Windows
About This Home
As of March 2025Wonderful opportunity to own a beautiful Spanish style 4-plex in the heart of Wrigley. Four 2 bedroom 1 bath units with 4 garages and each unit offers 1300 sf of living space and individual laundry hook ups. The building has many recent upgrades including new Milgard double-paned windows installed in 2008, updated electrical and exterior LED lights, newer rear fencing. NEW TPO 40 year roof was installed in 2017 and the landscaping was just refreshed this month. Wall heaters in upstairs units and floor furnaces in downstairs units. Beautiful tree lined street in historic Wrigley and great location near shopping, freeways, and parks.
Last Agent to Sell the Property
LB Brokerage, Inc Brokerage Phone: 562-841-1628 License #00976347 Listed on: 10/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,376
Year Built
- Built in 1929
Lot Details
- 6,501 Sq Ft Lot
- Two or More Common Walls
Parking
- 4 Car Garage
Home Design
- Spanish Architecture
- Quadruplex
- Reflective Roof
- Stucco
Interior Spaces
- 5,585 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Gas Range
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Floor Furnace
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 9 / 7
- Tax Tract Number 573
- Assessor Parcel Number 7205022009
- $1,049 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 4 Units
- Wrigley Area Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $3,500
- Maintenance Expense $2,725
- Pest Control $1,410
- Water Sewer Expense $2,714
- Operating Expense $10,349
- Gross Income $88,800
- Net Operating Income $78,451
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2024
Closed on
Feb 27, 2025
Sold by
Sumbi Family Trust and Sumbi Paul
Bought by
Vannguyen Truong and Nguyen Hong Nhung
Seller's Agent
Linda Hunter
LB Brokerage, Inc
Buyer's Agent
Kammie Nguyen
Advance Estate Realty
List Price
$1,599,000
Sold Price
$1,250,000
Premium/Discount to List
-$349,000
-21.83%
Views
40
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
$18,722
Avg. Annual Appreciation
4.60%
Original Mortgage
$750,000
Outstanding Balance
$742,603
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$527,787
Purchase Details
Closed on
Apr 15, 2016
Sold by
Sumbi Paul
Bought by
Sumbi Family Trust
Purchase Details
Closed on
Jul 2, 2007
Sold by
Sumbi Paul Mulwa
Bought by
Sumbi Ii Paul Mulwa and The Paul Mulwa Sumbi Ii Trust
Purchase Details
Closed on
Apr 25, 2001
Sold by
Vijeh Alexander H and Vijeh Haideh
Bought by
Sumbi Ii Paul Mulwa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,200
Interest Rate
8.25%
Purchase Details
Closed on
Nov 12, 1998
Sold by
Trust Thelia Monique L Tr Monique Thelia
Bought by
Alexander H David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
6.66%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 15, 1993
Sold by
Thelia Monique L
Bought by
Thelia Monique L and The Monique Thelia Trust
Similar Homes in Long Beach, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,250,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $344,000 | North American Title Co | |
| Individual Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | New Conventional | |
| Previous Owner | $388,512 | New Conventional | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $330,000 | Unknown | |
| Previous Owner | $325,000 | Unknown | |
| Previous Owner | $275,200 | No Value Available | |
| Previous Owner | $158,000 | Seller Take Back | |
| Closed | $51,600 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $1,250,000 | -9.1% | $224 / Sq Ft |
| 01/08/2025 01/08/25 | Price Changed | $1,375,000 | -9.8% | $246 / Sq Ft |
| 10/29/2024 10/29/24 | Price Changed | $1,525,000 | -4.6% | $273 / Sq Ft |
| 10/15/2024 10/15/24 | For Sale | $1,599,000 | -- | $286 / 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 | $7,376 | $518,333 | $173,275 | $345,058 |
| 2024 | $7,376 | $508,171 | $169,878 | $338,293 |
| 2023 | $7,251 | $498,208 | $166,548 | $331,660 |
| 2022 | $6,832 | $488,440 | $163,283 | $325,157 |
| 2021 | $6,664 | $478,864 | $160,082 | $318,782 |
| 2019 | $6,569 | $464,863 | $155,335 | $309,528 |
| 2018 | $6,313 | $455,753 | $152,290 | $303,463 |
| 2016 | $5,697 | $437,865 | $146,377 | $291,488 |
| 2015 | $5,481 | $431,289 | $144,179 | $287,110 |
| 2014 | $5,460 | $422,841 | $141,355 | $281,486 |
Source: Public Records
Agents Affiliated with this Home
-
L
Seller's Agent in 2025
Linda Hunter
LB Brokerage, Inc
(562) 841-1628
1 in this area
22 Total Sales
-
Buyer's Agent in 2025
Kammie Nguyen
Advance Estate Realty
(714) 705-9105
1 in this area
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24212532
APN: 7205-022-009
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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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