Seller's Agent in 2020
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
43 Total Sales
338 Chestnut Ave Long Beach, CA 90802
West Village NeighborhoodEstimated Value: $611,423
0.13
Acre
$4,688,827
Price per Acre
5,681
Sq Ft Lot
Highlights
- City Lights View
- Property is near park and public transit
- Rectangular Lot
- 0.13 Acre Lot
- No HOA
About This Lot
As of June 2020338 Chestnut Avenue, a unique opportunity to acquire over 5,600 square feet of land located within the Downtown Plan PD-30 in Long Beach, California. The site is suitable for the development of high-density residential units. This zoning may allow for up to 3 unit development with a height limit of 80' by right.
338 Chestnut Avenue is located within the City of Long Beach Downtown Plan – PD 30. It is not located in the Coastal Zone. The residential square footage of the new development project is not subject to affordable housing linkage fees. The site is currently improved with surface parking for 17 cars and generates $15,300 annually in rent.
This prime Downtown Long Beach location is steps from the George Deukmejian Courthouse, the new Long Beach Civic Center, walking distance to shopping, restaurants and the beach.
Long Beach’s central location provides easy access to Downtown Los Angeles, West Los Angeles and Orange County. Situated between the I-710, I-605, I-405, I-5 and I-105 freeways and with the Ports of Long Beach and Los Angeles anchoring the southwest border of the city, this highly accessible area serves as a critical gateway to Southern California and is a hub of international trade and commerce.
Last Agent to Sell the Property
Coldwell Banker Commercial License #01484265 Listed on: 10/01/2019
Property Details
Property Type
- Land
Lot Details
- 5,681 Sq Ft Lot
- Rectangular Lot
- Paved or Partially Paved Lot
- Value in Land
- Property is zoned LBPD30
Property Views
- City Lights Views
Location
- Property is near park and public transit
- Urban Location
Listing and Financial Details
- Legal Lot and Block 10 / 83
- Assessor Parcel Number 7280014007
Community Details
Overview
- No Home Owners Association
Recreation
- Exterior Lighting
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 1, 2019
Closed on
Jun 9, 2020
Sold by
First Congregational Churgh Of Long Beac
Bought by
Ringwald Lydia E and The Evolution Trust
Seller's Agent
George Bustamante
Coldwell Banker Commercial
Buyer's Agent
Lydia Ringwald
Fortune Properties
List Price
$650,000
Sold Price
$520,000
Premium/Discount to List
-$130,000
-20%
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
$91,423
Avg. Annual Appreciation
3.28%
Purchase Details
Closed on
Oct 15, 1996
Sold by
Nowling Russell Allen
Bought by
Nowling Betty Mae
Purchase Details
Closed on
Oct 11, 1996
Sold by
Nowling Betty M
Bought by
The First Congregational Church Of Long
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 |
|---|---|---|---|
| Ringwald Lydia E | $520,000 | Ticor Title Company Of Ca | |
| Nowling Betty Mae | -- | North American Title Company | |
| The First Congregational Church Of Long | $45,000 | North American Title Company |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2020 06/17/20 | Sold | $520,000 | -13.2% | -- |
| 12/23/2019 12/23/19 | Pending | -- | -- | -- |
| 10/16/2019 10/16/19 | Price Changed | $599,000 | -7.8% | -- |
| 10/01/2019 10/01/19 | For Sale | $650,000 | -- | -- |
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 | $7,122 | $568,692 | $563,225 | $5,467 |
| 2024 | $7,122 | $557,542 | $552,182 | $5,360 |
| 2023 | $7,009 | $546,610 | $541,355 | $5,255 |
| 2022 | $6,580 | $535,893 | $530,741 | $5,152 |
| 2021 | $6,465 | $525,386 | $520,335 | $5,051 |
| 2020 | $1,012 | $66,993 | $61,048 | $5,945 |
| 2019 | $1,002 | $65,680 | $59,851 | $5,829 |
| 2018 | $850 | $64,393 | $58,678 | $5,715 |
| 2016 | $788 | $61,894 | $56,400 | $5,494 |
| 2015 | $758 | $60,965 | $55,553 | $5,412 |
| 2014 | $761 | $59,771 | $54,465 | $5,306 |
Source: Public Records
Agents Affiliated with this Home
-
George Bustamante
-
Steve Warshauer
Seller Co-Listing Agent in 2020
Steve Warshauer
Coldwell Banker Commercial
(562) 495-6070
21 Total Sales
-
Lydia Ringwald
L
Buyer's Agent in 2020
Lydia Ringwald
Fortune Properties
(949) 951-4883
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19232863
APN: 7280-014-007
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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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