NOT LISTED FOR SALE

2224 Chestnut Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $1,195,000 - $1,266,600

8 Beds
4 Baths
5,585 Sq Ft
$220/Sq Ft Est. Value

Sale Details

Date Sold: March 28, 2025

Last sale price $1,250,000 $224 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,175 / mo

133 Days on Market

Highlights

  • Spanish Architecture
  • Double Pane Windows
  • Floor Furnace

About This Home

As of March 2025

Wonderful 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

Linda Hunter

LB Brokerage, Inc Brokerage Phone: 562-841-1628 License #00976347 Listed on: 10/15/2024

Last Buyer's Agent

Kammie Nguyen

Advance Estate Realty License #01901405

Property Details

Home Type

  • Multi-Family

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
  • Entry on the 1st floor
  • 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 in unit
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

6,501 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 2714.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7205022009
  • Year Built: 1929
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 223.81
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No
  • Roof: Reflective
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 1410.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 88800.00
  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 6501.0000 Square Feet
  • Maintenance Expense: 2725.00
  • Net Operating Income: 78451.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 10349.00
  • Rent Control: Yes
  • Total Actual Rent: 88800.00
  • Total Expenses: 10349.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 5731.02
  • Tax Lot: 9
  • Tax Tract Number: 573...
  • TaxOtherAnnualAssessmentAmount: 1049.00

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
Oct 15, 2024
Closed on
Feb 27, 2025
Sold by
Bought by
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
$1,230,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,850
Avg. Annual Appreciation
-1.23%
Original Mortgage
$750,000
Interest Rate
0.0687%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2016
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 25, 2001
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
$275,200
Interest Rate
0.0825%

Purchase Details

Closed on
Nov 12, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$1,250,000 Old Republic Title Company
-- None Available
-- None Available
-- None Available
-- None Available
$344,000 North American Title Co
-- --
-- --
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 $750,000
Previous Owner $388,512
Previous Owner $200,000
Previous Owner $330,000
Previous Owner $325,000
Previous Owner $275,200
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
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

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 $7,753 $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

    18 Total Sales

    Linda Hunter
    Section Image
  • Kammie Nguyen

    Buyer's Agent in 2025

    Kammie Nguyen

    Advance Estate Realty

    (714) 705-9105

    1 in this area

    17 Total Sales

    Kammie Nguyen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24212532

California Regional Multiple Listing Service (CRMLS)

APN: 7205-022-009

California Los Angeles County Long Beach 90806 South Wrigley

2224 Chestnut Ave, Long Beach, CA

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.

California Regional Multiple Listing Service (CRMLS) 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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