NOT LISTED FOR SALE

2566 Chestnut Ave Unit 1 Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $908,000 - $1,167,000

3 Beds
3 Baths
2,112 Sq Ft
$494/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $775,000 $367 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,369/month

8 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • 3 Car Direct Access Garage
  • Traditional Architecture
  • Pull-through
  • Side by Side Parking

About This Home

As of February 2020

This charming 3 unit building in the Wrigley Area is a great investment. The property consist of 1 bed and 1 bath each unit, both units in the front currently being rented to long term happy tenants, while the rear unit is currently available to occupy and/ or lease for top dollar. A solid performing rental property for investment buyers or for owner-occupant to live in the end unit and collect strong rents from the other two units to lower your overall payment. All 3 units have hardwood floors, interior private laundry rooms, separate entrances and back unit was recently refurbished. The property offers a huge lot, no deferred maintenance, 3 car garage plus 3 parking spaces. Centrally located, Willow Blue Line Metro Station, only 10 minutes to the Beach, minutes to Downtown Long Beach. Belmont Shores, Belmont Pier, minutes to Long Beach Airport .Close to Shopping Centers ,Schools ,Parks and 20 minutes to Orange County. Se habla espanol.

Last Agent to Sell the Property

Jovani Pina

Keller Williams Pacific Estates License #01959832 Listed on: 01/16/2020

Keller Williams Pacific Estates

Co-Listed By

Andrew Munoz

Keller Williams Pacific Estate License #01989243

Keller Williams Pacific Estate

Last Buyer's Agent

Andrew Munoz

Keller Williams Pacific Estate License #01989243

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,888 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Pull-through
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Three Garage Doors
  • Driveway
  • Parking Lot
  • Assigned Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,112 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / 2
  • Tax Tract Number 11934
  • Assessor Parcel Number 7205003009

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Insurance Expense $1,100
  • Professional Management Expense $6
  • Water Sewer Expense $660
  • Operating Expense $2,300
  • Gross Income $52,200
  • Net Operating Income $49,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 6.00
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 660.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 7205003009
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 366.95
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Direct Garage Access, Driveway, Garage, Garage Faces Rear, Garage - Three Door, On Site, Parking Space, Pull-through, Side by Side
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Floor Furnace
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6888.00
  • Lot Size Acres: 0.1581

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Gross Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6888.0000 Square Feet
  • Net Operating Income: 49900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 2300.00
  • Rent Control: No
  • Total Actual Rent: 2700.00
  • Total Expenses: 2300.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5731.00
  • Tax Lot: 8
  • Tax Tract Number: 11934

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2020
Closed on
Feb 13, 2020
Sold by
Lu Jun
Bought by
Park Chong H
Seller's Agent
Jovani Pina
Keller Williams Pacific Estates
Buyer's Agent
Andrew Munoz
Keller Williams Pacific Estate
List Price
$735,000
Sold Price
$775,000
Premium/Discount to List
$40,000
5.44%
Current Estimated Value
$1,043,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,589
Avg. Annual Appreciation
5.21%
Original Mortgage
$560,000
Outstanding Balance
$495,841
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$547,748

Purchase Details

Closed on
Jul 13, 2019
Sold by
Lu Jun and Li Zhang
Bought by
Lu Jun

Purchase Details

Closed on
May 26, 2010
Sold by
Barry Amelia
Bought by
Lu Jun and Li Zhang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2006
Sold by
Barry Chris
Bought by
Barry Amelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2006
Sold by
Acj Management Llc
Bought by
Barry Amelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2005
Sold by
Barry Amelia
Bought by
Acj Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 30, 2003
Sold by
Barry Chris J
Bought by
Barry Amelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2003
Sold by
Leakes Kevin J
Bought by
Barry Amelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2002
Sold by
Leakes Aisha Gracae Laquine
Bought by
Leakes Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.83%

Purchase Details

Closed on
May 13, 2002
Sold by
Wintjen Jonnette and Jonnette Wintjen Living Trust
Bought by
Leakes Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.83%

Purchase Details

Closed on
Nov 24, 1999
Sold by
Wintjen Jonnette
Bought by
The Jonnette Wintjen Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Park Chong H $775,000 Chicago Title
Lu Jun -- None Available
Lu Jun $399,000 Chicago Title Company
Barry Amelia -- Investors Title Company
Barry Amelia -- Investors Title Company
Acj Management Llc -- --
Barry Amelia -- New Century Title Company
Barry Amelia -- Chicago Title
Barry Amelia $345,000 Chicago Title Co
Leakes Kevin J -- Lawyers Title Company
Leakes Kevin J $240,000 Lawyers Title Company
The Jonnette Wintjen Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Chong H $560,000
Previous Owner Lu Jun $279,200
Previous Owner Barry Amelia $310,000
Previous Owner Acj Management Llc $130,000
Previous Owner Barry Amelia $276,000
Previous Owner Leakes Kevin J $192,000
Closed Leakes Kevin J $48,000
Closed Barry Amelia $34,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2020 02/25/20 Sold $775,000 +5.4% $367 / Sq Ft
01/24/2020 01/24/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $735,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,020 $847,573 $328,093 $519,480
2024 $11,020 $830,955 $321,660 $509,295
2023 $10,835 $814,662 $315,353 $499,309
2022 $10,177 $798,689 $309,170 $489,519
2021 $9,974 $783,029 $303,108 $479,921
2020 $6,299 $470,928 $271,462 $199,466
2019 $6,226 $461,695 $266,140 $195,555
2018 $5,963 $452,643 $260,922 $191,721
2016 $5,487 $435,068 $250,791 $184,277
2015 $5,272 $428,533 $247,024 $181,509
2014 $5,247 $420,140 $242,186 $177,954
Source: Public Records

Agents Affiliated with this Home

  • Jovani Pina

    Seller's Agent in 2020

    Jovani Pina

    Keller Williams Pacific Estates

    (562) 457-9490

    1 in this area

    72 Total Sales

    Jovani Pina
    Section Image
  • Andrew Munoz

    Seller Co-Listing Agent in 2020

    Andrew Munoz

    Keller Williams Pacific Estate

    (562) 261-0900

    1 in this area

    77 Total Sales

    Andrew Munoz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20011218

California Regional Multiple Listing Service (CRMLS)

APN: 7205-003-009

California Los Angeles County Long Beach 90806 South Wrigley

2566 Chestnut Ave Unit 1, Long Beach, CA

Not Listed for Sale

MultiFamily

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