NOT LISTED FOR SALE

545 Chestnut Ave, Unit 401 Long Beach, CA 90802

West Village Neighborhood

Estimated Value: $431,000 - $537,000

2 Beds
2 Baths
1,110 Sq Ft
$359/ mo HOA Fee

Last Sold August 15, 2022

Last sale price $505,000 $455 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,524/month

8 Days on Market

Highlights

  • No Units Above
  • Updated Kitchen
  • Open Floorplan
  • City Lights View
  • 0.47 Acre Lot
  • L-Shaped Dining Room

About This Home

As of August 2022

Fantastic top floor view Condo - 2 bedroom unit with 180 degree city views! Enjoy the morning sun and cool ocean breeze from this spacious and upgraded condominium. Double pane energy efficient patio doors and windows, recessed lighting. Open kitchen with stainless steel stove, dishwasher, and large double door refrigerator, chrome nickel fixtures, and designer lighting and new modern and elegant shower tiles accenting the shower enclosure in the hallway bathroom. New baseboards and new hallway cabinetry. The popcorn ceiling has been removed with licensed asbestos abatement. Both bathrooms feature modern vanities and plumbing fixtures and the primary bath features a Kohler Roman-style bathtub. Both of the bedrooms have ample storage and feature newer shutters. The in-unit washer and dryer are included and there is also a common laundry room area for occupants. The unit features two large balconies with views from downtown Long Beach and city lights to the mountains. Parking space and locked storage space are in secure covered garage. A great location for enjoying the active nightlife and dining that Long Beach has to offer! Easy freeway access and only blocks to the Metro Blue Line, downtown and the ocean! Low HOA Dues include water & trash.

Last Agent to Sell the Property

Sandar West

RE/MAX INNOVATIONS License #01334160 Listed on: 07/13/2022

RE/MAX INNOVATIONS

Last Buyer's Agent

Derrick Gunderson

Ignite RE Group License #01990042

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • No Units Above
  • Two or More Common Walls

HOA Fees

  • $359 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Assigned Parking

Property Views

  • City Lights
  • Mountain

Interior Spaces

  • 1,110 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Drapes & Rods
  • L-Shaped Dining Room
  • Laminate Flooring

Kitchen

  • Updated Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • Living Room Balcony
  • Patio
  • Exterior Lighting

Schools

  • Chavez Elementary School
  • Washington Middle School
  • Cabrillo High School

Additional Features

  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 25299
  • Assessor Parcel Number 7280001087

Community Details

Overview

  • Master Insurance
  • 63 Units
  • Lincoln Park Towers Association, Phone Number (714) 508-9070
  • Optimum Professional Property Management HOA
  • Alamitos Beach Subdivision
  • Maintained Community

Pet Policy

  • Pets Allowed with Restrictions

Additional Features

  • Laundry Facilities
  • Card or Code Access

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

0.47 Acres

HOA Fees

$359 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Inclusions: Washer, Dryer, Refrigerator
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Card/Code Access
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Zoning: LBPD10
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7280001087
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1110.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), Living Room Balcony, Open Floorplan, Recessed Lighting
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 454.95
  • Room Type: All Bedrooms Down
  • Window Features: Drapes
  • Bathroom Features: Bathtub, Shower, Exhaust Fan(s), Remodeled
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • View: City Lights, Mountain(s)
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Private
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave
  • Laundry Features: Community, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Insurance, Maintenance Grounds, Trash, Water, Pet Rules, Controlled Access
  • Association Fee: 359.48
  • Association Fee Frequency: Monthly
  • Association Name: Lincoln Park Towers
  • Phone: (714) 508-9070
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: Optimum Professional Property Management

Schools

  • Elementary School: Chavez
  • High School: Cabrillo
  • Middle Or Junior School: Washington
  • Elementary School #2: CHAVEZ
  • High School2: CABRIL

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 20546.00
  • Lot Size Acres: 0.4717

Multi Family

  • Lease Considered: No
  • Lot Size Area: 20546.0000 Square Feet
  • Number Of Units In Community: 63
  • Number Of Units Total: 63

Tax Info

  • Tax Census Tract: 5759.02
  • Tax Lot: 1
  • Tax Tract Number: 25299

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2019
Sold by
Chang Lee Mark C and Chang Li Han
Bought by
Lee Mark C
Current Estimated Value
$496,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Outstanding Balance
$61,417
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$435,094

Purchase Details

Closed on
May 28, 2004
Sold by
Lee Mark
Bought by
Lee Mark C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$95,821
Interest Rate
5.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$400,690

Purchase Details

Closed on
May 5, 2004
Sold by
Nakamura Akira Bob and Estate Of Sylvia R Vastine
Bought by
Lee Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$95,821
Interest Rate
5.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$400,690
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lee Mark C -- Lawyers Title
Lee Mark C -- Fidelity National Title
Lee Mark $252,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Mark C $70,000
Open Lee Mark $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2022 08/15/22 Sold $505,000 +5.4% $455 / Sq Ft
07/13/2022 07/13/22 For Sale $479,000 +4.4% $432 / Sq Ft
01/14/2021 01/14/21 Sold $459,000 0.0% $414 / Sq Ft View Prior Sale
11/30/2020 11/30/20 Pending -- -- --
11/22/2020 11/22/20 For Sale $459,000 -- $414 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,638 $525,401 $311,183 $214,218
2024 $6,638 $515,100 $305,082 $210,018
2023 $6,527 $505,000 $299,100 $205,900
2022 $5,802 $468,180 $291,006 $177,174
2021 $4,082 $331,253 $199,648 $131,605
2020 $4,070 $327,857 $197,601 $130,256
2019 $4,021 $321,429 $193,727 $127,702
2018 $3,808 $305,000 $184,300 $120,700
2016 $3,115 $260,000 $156,800 $103,200
2015 $3,033 $260,000 $156,800 $103,200
2014 $2,218 $185,000 $111,600 $73,400
Source: Public Records

Agents Affiliated with this Home

  • Sandar West

    Seller's Agent in 2022

    Sandar West

    RE/MAX

    (909) 816-3257

    1 in this area

    75 Total Sales

    Sandar West
    Section Image

  • D

    Buyer's Agent in 2022

    Derrick Gunderson

    Ignite RE Group

    Section Image
  • Blake Gunderson

    Buyer Co-Listing Agent in 2022

    Blake Gunderson

    Ignite RE Group

    (562) 900-5879

    3 in this area

    102 Total Sales

    Blake Gunderson
    Section Image

  • J

    Seller's Agent in 2021

    Jailan Ismail

    Magno Realty Group

    (562) 304-3199

    7 Total Sales

    Jailan Ismail
    Section Image
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About This Building

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22150933

California Regional Multiple Listing Service (CRMLS)

APN: 7280-001-087

California Los Angeles County Long Beach 90802 West Village

545 Chestnut Ave Unit 401, Long Beach, CA

Not Listed for Sale

Condos

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California Regional Multiple Listing Service (CRMLS) 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.

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