Seller's Agent in 2019
LEON SHOAG
RE/MAX
(562) 882-4060
2 Total Sales
2515 Chestnut Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated Value: $1,078,000 - $1,319,000
4
Beds
3
Baths
2,871
Sq Ft
$413/Sq Ft
Est. Value
Highlights
- City Lights View
- Spanish Architecture
- Tile Countertops
- Wood Flooring
- No HOA
- Laundry Room
About This Home
As of March 2019This is a nice triplex with lots of potential in a good area. Rents are substantially lower than market. It is located in a quiet residential neighborhood just a block north of an elementary school and 2 blocks west of the thriving business district on Pacific Ave. Unit 2515 Chestnut is the front 2 bedroom, 1 bath house with lots of potential. Unit 2517 Chestnut is a 1 bedroom + 1 bath unit that is smaller than the upstairs unit, as it shares the ground floor with 3 one car garages. 2519 Chestnut is also a 1 bedroom,1 bath larger unit as it is above the 2517 unit and 3 garages. The pictures are of the 2519 Chestnut unit. There is access to the garages on the alley behind the property. All 3 units share a nice quiet yard between the front and back units. Showing will be with accepted offers only. We will provide an inspectors report to potential buyers with the understanding that the report is paid for and with liable only to the seller. However, it will be a good indication of condition. Offers to be finalized 8/11/18. Your buyers can live in the front house and have the back 1 bedrooms help pay the mortgage. Or fix up, raise the rents, and enjoy the cash flow on all 3 units! Great opportunity!
Last Agent to Sell the Property
RE/MAX College Park Realty License #00826863 Listed on: 07/25/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,195
Year Built
- Built in 1927
Lot Details
- 5,758 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Spanish Architecture
- Property Attached
- Fixer Upper
- Stucco
Interior Spaces
- 2,871 Sq Ft Home
- 2-Story Property
- City Lights Views
- Tile Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 21
- Tax Tract Number 5731
- Assessor Parcel Number 7205002021
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $825
- Insurance Expense $779
- Maintenance Expense $413
- Water Sewer Expense $531
- New Taxes Expense $9,250
- Operating Expense $11,798
- Gross Income $35,502
- Net Operating Income $23,704
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2018
Closed on
Jan 31, 2019
Sold by
Missios Demetrios B and The 2006 Missios Family Revoca
Bought by
Akkashian Edward A and Arakelian Lynda
Seller's Agent
LEON SHOAG
RE/MAX College Park Realty
Buyer's Agent
LEON SHOAG
RE/MAX College Park Realty
List Price
$740,000
Sold Price
$780,000
Premium/Discount to List
$40,000
5.41%
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
$406,963
Avg. Annual Appreciation
6.47%
Original Mortgage
$624,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 4, 2006
Sold by
Missios Eftihia and The Eftihia Missios Revocable
Bought by
Missios Eftihia and The 2006 Missios Family Revoca
Purchase Details
Closed on
Mar 26, 2005
Sold by
Missions Eftihia
Bought by
Missions Eftihia and Eftihia Missions Revocable Tru
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 |
|---|---|---|---|
| Akkashian Edward A | $780,000 | Lawyers Title | |
| Missios Eftihia | -- | None Available | |
| Missions Eftihia | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Akkashian Edward A | $622,800 | |
| Closed | Akkashian Edward A | $624,000 | |
| Previous Owner | Missios Eftihia | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/05/2019 03/05/19 | Sold | $780,000 | 0.0% | $272 / Sq Ft |
| 09/09/2018 09/09/18 | Off Market | $780,000 | -- | -- |
| 09/09/2018 09/09/18 | Pending | -- | -- | -- |
| 08/26/2018 08/26/18 | For Sale | $740,000 | 0.0% | $258 / Sq Ft |
| 08/13/2018 08/13/18 | Pending | -- | -- | -- |
| 07/25/2018 07/25/18 | For Sale | $740,000 | -- | $258 / 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 | $11,195 | $870,099 | $446,205 | $423,894 |
| 2024 | $11,195 | $853,039 | $437,456 | $415,583 |
| 2023 | $11,005 | $836,314 | $428,879 | $407,435 |
| 2022 | $10,333 | $819,917 | $420,470 | $399,447 |
| 2021 | $10,120 | $803,841 | $412,226 | $391,615 |
| 2020 | $10,092 | $795,600 | $408,000 | $387,600 |
| 2019 | $2,635 | $166,468 | $91,105 | $75,363 |
| 2018 | $2,505 | $163,205 | $89,319 | $73,886 |
| 2016 | $2,295 | $156,869 | $85,851 | $71,018 |
| 2015 | $2,214 | $154,514 | $84,562 | $69,952 |
| 2014 | $2,217 | $151,488 | $82,906 | $68,582 |
Source: Public Records
Agents Affiliated with this Home
-
LEON SHOAG
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS18172365
APN: 7205-002-021
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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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