NOT LISTED FOR SALE

727 Chestnut Ave Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $496,000 - $506,207

0.24 Acre
$2,114,363 Price per Acre
10,313 Sq Ft Lot

Last Sold July 12, 2016

Last sale price $275,000

Est. 85% increase in value since last sale

Current estimated payment $2,968/month

109 Days on Market

About This Lot

As of July 2016

We are pleased to present 10,313 square feet of vacant land located at 727 Chestnut Avenue in Long
Beach, California. This development opportunity is located in a highly demand and extremely dense pocket of Long
Beach just off 7th Street and seconds from the 710 Freeway.

The land is zoned for residential development as LBPD10, a planned development district in the Willmore section of
Long Beach.

A planned development designation is established to allow flexible development plans to be prepared for areas of the city,
which may benefit from the formal recognition of unique or special land use and the definition of special design policies
and standards, not otherwise possible under conventional zoning district regulations. Purposes of the planned
development district include permitting a compatible mix of land uses, allowing for planned commercial areas and
business parks, and encouraging a variety of housing styles and densities.

Investor to verify all development potential and future uses.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/15/2016

Last Buyer's Agent

Andres Wao

Pacific Realty Center License #01706522

Property Details

Property Type

  • Land

Lot Details

  • 10,313 Sq Ft Lot
  • Value in Land

Location

  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 7272018017

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Property Type: Land
  • Parcel Number: 7272018017
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 26.67

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 10313.00
  • Price Per Lot Square Foot: 26.67
  • Lot Size Acres: 0.2370

Multi Family

  • Lot Size Area: 10313.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2016
Closed on
Jun 21, 2016
Sold by
Roselli Charles
Bought by
Shi Min Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Andres Wao
Pacific Realty Center
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$510,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,007
Avg. Annual Appreciation
6.50%

Purchase Details

Closed on
Oct 6, 2015
Sold by
Saint Germains I Am Ascension Home Of Lo
Bought by
Roselli Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2003
Sold by
Venturi Anthony
Bought by
Villasenor Richard A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Shi Min Llc $275,000 Ticor Title
Roselli Charles $1,550,000 Ticor Title
Villasenor Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roselli Charles $1,162,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2016 07/12/16 Sold $275,000 0.0% --
06/20/2016 06/20/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $275,000 -- --
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 $3,926 $319,160 $319,160 --
2024 $3,926 $312,902 $312,902 --
2023 $3,863 $306,767 $306,767 $0
2022 $3,622 $300,752 $300,752 $0
2021 $3,558 $294,855 $294,855 $0
2019 $3,507 $286,110 $286,110 $0
2018 $3,403 $280,500 $280,500 $0
2016 $10,134 $875,000 $875,000 $0
2015 $759 $65,943 $65,943 $0
2014 $757 $64,652 $64,652 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    1 in this area

    88 Total Sales

    Steve Bogoyevac
    Section Image

  • A

    Buyer's Agent in 2016

    Andres Wao

    Pacific Realty Center

    (626) 736-0524

    2 Total Sales

    Andres Wao
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16045049

California Regional Multiple Listing Service (CRMLS)

APN: 7272-018-017

California Los Angeles County Long Beach 90813 Willmore

727 Chestnut Ave, Long Beach, CA

Not Listed for Sale

Lots

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