Gina Bryson
IFG Realty
(562) 620-3688
43 Total Sales
1 in South Wrigley
$580,000 Price
2375 Chestnut Ave Long Beach, CA 90806
South Wrigley Neighborhood
10
Beds
7
Baths
7,048
Sq Ft
6,499
Sq Ft Lot
About This Home
As of May 2014We are proud to offer a well-maintained, attractive eight-unit property in the city of Long Beach. The subject property is located at 2375 Chestnut Avenue, two blocks south of Willow Street and four blocks east of Magnolia Avenue, in the heart of Wrigley District. This investment features an excellent unit mix of four one-bedroom/one-bath units with den, one two-bedroom/one-bath unit with den, and three two-bedroom/one-bath units. Built in 1937, this property is a two story walk-up style building with central hallways and approximately 7,048 rentable square feet and a lot size of 6,499 square feet. This property is well landscaped and offers two enclosed garages and three open spaces in the rear for tenant's convenience.2375 Chestnut Avenue is within close proximity to Lafayette Elementary School, numerous restaurants and shopping centers along Pacific Avenue. This property offers an investor the rare opportunity to acquire a well-maintained income property in a strong rental market. WIth strong rents in place and numerous upgrades to the interior of the units, this property is ideal for an investor looking to get into the business or add to their existing portfolio.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 03/24/2014
Last Buyer's Agent
Jeff Chonis
Buckingham Investments, Inc. License #01804283
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 6,499 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 2 Car Garage
Home Design
- 7,048 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 10 Bedrooms
- 7 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 15
- Tax Tract Number 57310
- Assessor Parcel Number 7205014017
Community Details
Overview
- 8 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,760
- Maintenance Expense $6,000
- Other Expense $1,600
- Pest Control $816
- Professional Management Expense $5,314
- Trash Expense $2,500
- Water Sewer Expense $3,732
- New Taxes Expense $13,500
- Gross Income $8,507
- Net Operating Income $64,748
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
Mar 24, 2014
Closed on
Apr 3, 2014
Sold by
Ziccardi Ray J
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
Jeff Chonis
Buckingham Investments, Inc.
List Price
$1,200,000
Sold Price
$1,200,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
4.31%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 24, 2012
Sold by
Ziccardi Ray J
Bought by
Ziccardi Ray J and Ziccardi Virgina L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.33%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 18, 2008
Sold by
Ziccardi Virgina L
Bought by
Ziccardi Ray J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 17, 2008
Sold by
Jsa Properties Llc
Bought by
Ziccardi Ray J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
6%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 19, 2005
Sold by
Ridgeway Terry and Starr Penelope R
Bought by
Jsa Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$659,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 8, 2003
Sold by
Basinet Michael J
Bought by
Ridgeway Terry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 5, 2001
Sold by
Snapp James A and Snapp Donna J
Bought by
Basinet Michael J
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Wrigley, CA
-
Gina Bryson
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
2 in South Wrigley
$670,000 Price Range
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
123 Total Sales
2 in South Wrigley
$675K - $850K Price Range
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in South Wrigley
$975,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
3 in South Wrigley
$790,000 Price Range
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
46 Total Sales
1 in South Wrigley
$769,000 Price
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 |
|---|---|---|---|
| $1,200,000 | Fidelity National Title Co | ||
| Ziccardi Ray J | -- | North American Title Co | |
| Ziccardi Ray J | -- | Chicago Title Company | |
| Ziccardi Virgina L | -- | Chicago Title Company | |
| Ziccardi Ray J | $950,000 | Chicago Title Company | |
| Jsa Properties Llc | $965,000 | Ticor Title Company | |
| Ridgeway Terry | $782,000 | Fidelity National Title | |
| Basinet Michael J | -- | Chicago 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 | Cohen Lon | $780,000 | |
| Previous Owner | Ziccardi Ray J | $675,000 | |
| Previous Owner | Ziccardi Ray J | $712,500 | |
| Previous Owner | Jsa Properties Llc | $659,500 | |
| Previous Owner | Ridgeway Terry | $500,000 | |
| Previous Owner | Basinet Michael J | $357,000 |
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 |
|---|---|---|---|---|
| 05/23/2014 05/23/14 | Sold | $1,200,000 | 0.0% | $170 / Sq Ft |
| 04/01/2014 04/01/14 | Pending | -- | -- | -- |
| 03/24/2014 03/24/14 | For Sale | $1,200,000 | -- | $170 / 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 |
|---|---|---|---|---|
| 2026 | $20,468 | $1,500,442 | $500,144 | $1,000,298 |
| 2025 | $20,468 | $1,471,023 | $490,338 | $980,685 |
| 2024 | $19,547 | $1,442,180 | $480,724 | $961,456 |
| 2023 | $19,211 | $1,413,903 | $471,299 | $942,604 |
| 2022 | $18,050 | $1,386,180 | $462,058 | $924,122 |
| 2021 | $17,657 | $1,359,001 | $452,999 | $906,002 |
| 2019 | $17,404 | $1,319,295 | $439,564 | $879,731 |
| 2018 | $16,933 | $1,293,440 | $430,946 | $862,494 |
| 2016 | $15,558 | $1,242,640 | $414,213 | $828,427 |
| 2015 | $14,945 | $1,223,976 | $407,992 | $815,984 |
| 2014 | $10,318 | $800,000 | $522,100 | $277,900 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Seller's Agent in 2014
Kevin King
Marcus & Millichap
(562) 257-1245
39 Total Sales
-
JC
Buyer's Agent in 2014
Jeff Chonis
Buckingham Investments, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14059611
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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