Seller's Agent in 2019
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
76 Total Sales
2367 Chestnut Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated Value: $1,549,000 - $1,982,298
5
Beds
4
Baths
4,447
Sq Ft
$412/Sq Ft
Est. Value
About This Home
As of September 20192367 Chestnut Avenue is a four-unit asset located on a quiet, residential street in South Wrigley, Long Beach. With (1) 3 bedroom/2 bath unit and (3) 2 bedroom/2 bath units, the property presents an ideal owner-occupied opportunity. All units are fully renovated with high-end finishes, including wood flooring, recessed lighting and modern kitchens and baths. The building features low-maintenance, drought-tolerant artificial turf in the front yard, newly-painted exteriors with brand new gutters installed, all new copper plumbing throughout, on-site laundry and five private garages. This property provides a low-effort, solid cash flow investment opportunity in a popular residential Long Beach submarket. The South Wrigley area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks of the subject property
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 06/21/2019
Co-Listed By
Mark Witsken
KW Advisors License #01884724
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1969
Lot Details
- 6,501 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
- Parking Available
- Single Garage Door
Home Design
- 4,447 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 16 / 2
- Tax Tract Number 5731
- Assessor Parcel Number 7205014018
Community Details
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $687
- Fuel Expense $687
- Gardener Expense $600
- Insurance Expense $1,779
- Maintenance Expense $1,500
- Other Expense $700
- Pest Control $500
- Professional Management Expense $4,845
- Trash Expense $687
- Water Sewer Expense $687
- New Taxes Expense $18,431
- Operating Expense $31,603
- Gross Income $96,900
- Net Operating Income $65,297
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2019
Closed on
Aug 27, 2019
Sold by
2367 Chestnut Llc
Bought by
Ledlb Properties Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Elizabeth O'Ryan
Think Boutiq Real Estate
List Price
$1,500,000
Sold Price
$1,430,000
Premium/Discount to List
-$70,000
-4.67%
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
$400,825
Avg. Annual Appreciation
4.00%
Purchase Details
Listed on
Jun 21, 2019
Closed on
Jul 25, 2019
Sold by
Kaplan Randall and Gallagher Jonathan
Bought by
2367 Chestnut Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Elizabeth O'Ryan
Think Boutiq Real Estate
List Price
$1,500,000
Sold Price
$1,430,000
Premium/Discount to List
-$70,000
-4.67%
Purchase Details
Listed on
Oct 27, 2017
Closed on
Nov 21, 2017
Sold by
Kaplan Madison
Bought by
Kaplan Randall
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Jonathan Gallagher
Landmark Realtors, Inc.
List Price
$1,049,000
Sold Price
$1,065,000
Premium/Discount to List
$16,000
1.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.01%
Original Mortgage
$798,750
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 27, 2017
Closed on
Nov 7, 2017
Sold by
Shaw Jane
Bought by
Gallagher Jonathan and Kaplan Randall
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Jonathan Gallagher
Landmark Realtors, Inc.
List Price
$1,049,000
Sold Price
$1,065,000
Premium/Discount to List
$16,000
1.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$798,750
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 7, 2015
Sold by
M5m Llc
Bought by
Shaw Jane
Purchase Details
Closed on
Oct 24, 2007
Sold by
Shaw Jane
Bought by
M 5 M Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,175
Interest Rate
6.29%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Aug 27, 2007
Sold by
Davis Jesse B
Bought by
Shaw Jane
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,175
Interest Rate
6.29%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jan 9, 1997
Sold by
Lyles Eugene
Bought by
Davis Jessie B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.91%
Purchase Details
Closed on
Dec 2, 1996
Sold by
R Manchester Martin G
Bought by
Davis Jessie B and Lyles Eugene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.91%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ledlb Properties Llc | $1,430,000 | Ticor Title Company | |
| 2367 Chestnut Llc | -- | None Available | |
| Kaplan Randall | -- | Ticor Title Company | |
| Gallagher Jonathan | $1,065,000 | Ticor Title Company | |
| Shaw Jane | -- | None Available | |
| M 5 M Llc | -- | None Available | |
| Shaw Jane | $795,000 | Southland Title | |
| Davis Jessie B | -- | Southland Title Corporation | |
| Davis Jessie B | $239,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gallagher Jonathan | $798,750 | |
| Previous Owner | Shaw Jane | $596,175 | |
| Previous Owner | Davis Jessie B | $44,000 | |
| Previous Owner | Davis Jessie B | $147,240 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/20/2019 09/20/19 | Sold | $1,430,000 | -2.4% | $322 / Sq Ft | |
| 09/17/2019 09/17/19 | Pending | -- | -- | -- | |
| 07/26/2019 07/26/19 | Price Changed | $1,465,000 | -2.3% | $329 / Sq Ft | |
| 06/21/2019 06/21/19 | For Sale | $1,500,000 | +40.8% | $337 / Sq Ft | |
| 12/08/2017 12/08/17 | Sold | $1,065,000 | +1.5% | $239 / Sq Ft | View Prior Sale |
| 11/03/2017 11/03/17 | Pending | -- | -- | -- | |
| 10/27/2017 10/27/17 | For Sale | $1,049,000 | -- | $236 / 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 | $20,031 | $1,563,909 | $874,915 | $688,994 |
| 2024 | $20,031 | $1,533,245 | $857,760 | $675,485 |
| 2023 | $19,697 | $1,503,183 | $840,942 | $662,241 |
| 2022 | $18,491 | $1,473,709 | $824,453 | $649,256 |
| 2021 | $18,120 | $1,444,814 | $808,288 | $636,526 |
| 2019 | $14,043 | $1,086,900 | $357,000 | $729,900 |
| 2018 | $13,610 | $1,065,600 | $350,000 | $715,600 |
| 2017 | $9,884 | $750,000 | $514,600 | $235,400 |
| 2016 | $9,343 | $750,000 | $514,600 | $235,400 |
| 2015 | $8,539 | $700,000 | $480,300 | $219,700 |
| 2014 | $7,283 | $580,000 | $398,000 | $182,000 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
M
Seller Co-Listing Agent in 2019
Mark Witsken
KW Advisors
-
Elizabeth O'Ryan
Buyer's Agent in 2019
Elizabeth O'Ryan
Think Boutiq Real Estate
(562) 673-9715
46 Total Sales
-
Kristina Moore
Seller's Agent in 2017
Kristina Moore
The Moore Group
(714) 809-7608
26 Total Sales
-
Jonathan Gallagher
J
Buyer's Agent in 2017
Jonathan Gallagher
Landmark Realtors, Inc.
(310) 666-1749
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19147306
APN: 7205-014-018
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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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