NOT LISTED FOR SALE

545 Chestnut Ave, Unit 401 Long Beach, CA 90802

West Village Neighborhood

Estimated Value: $516,000 - $603,000

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. 8% increase in value since last sale

Current estimated payment $3,885/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

Est. Annual Taxes

  • $6,638

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

  • Pet Restriction

Additional Features

  • Laundry Facilities
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,638

Year Built

Built in 1972

Lot Details

0

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
  • Full And Three Quarter 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
  • Number Remotes: 1
  • 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

  • School District: Long Beach Unified
  • Elementary School: Chavez
  • Middle School: Washington
  • High School: Cabrillo
  • 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

Listed on
Jul 13, 2022
Closed on
Aug 4, 2022
Sold by
Cousineau and Nancy
Bought by
Waheed Alec C
Seller's Agent
Sandar West
RE/MAX INNOVATIONS
Buyer's Agent
Derrick Gunderson
Ignite RE Group
List Price
$479,000
Sold Price
$505,000
Premium/Discount to List
$26,000
5.43%
Views
1
Current Estimated Value
$545,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,661
Avg. Annual Appreciation
1.69%
Original Mortgage
$429,250
Outstanding Balance
$412,395
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$118,761

Purchase Details

Listed on
Nov 22, 2020
Closed on
Dec 16, 2020
Sold by
Lee Mark C
Bought by
Cousineau Michael and Cousineau Nancy
Seller's Agent
Jailan Ismail
Magno Realty Group
List Price
$459,000
Sold Price
$459,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$337,500
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2019
Sold by
Chang Lee Mark C and Chang Li Han
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
$70,000
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving

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
Interest Rate
5.92%
Mortgage Type
Credit Line Revolving

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
Interest Rate
5.92%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Waheed Alec C $505,000 First American Title Company O
Cousineau Michael $459,000 Hollywood Title Company
Lee Mark C -- Hollywood 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 Waheed Alec C $429,250
Previous Owner Cousineau Michael $337,500
Previous Owner Lee Mark C $176,000
Previous Owner Lee Mark C $70,000
Previous Owner Lee Mark $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 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 $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

    72 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

    2 in this area

    113 Total Sales

    Blake Gunderson
    Section Image

  • J

    Seller's Agent in 2021

    Jailan Ismail

    Magno Realty Group

    (562) 304-3199

    1 in this area

    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

This home is located at 545 Chestnut Ave Unit 401, Long Beach, CA 90802 since 13 July 2022 and is currently estimated at $545,661, approximately $491 per square foot. This property was built in 1972. 545 Chestnut Ave Unit 401 is a home located in Los Angeles County with nearby schools including Cesar Chavez Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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.

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.

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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