811 Chestnut Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated Value: $987,000 - $1,287,000
4
Beds
4
Baths
2,568
Sq Ft
$445/Sq Ft
Est. Value
About This Home
As of September 2022Completely tenant-ready! Located just outside of
booming Downtown Long Beach, 811 Chestnut Ave is
a well-maintained 4-plex with (4) tenant-ready
1Bed+1Bath units. Once the vacancies are rented
out for market, the property will gross
$6,700/month and operate at a 5.29% CAP and
13.50 GRM. 811 Chestnut Ave is the ideal investment
for any owner/user looking to live in a unit and
have their neighbors pay their mortgage!
811 Chestnut Ave is comprised of (4) 1Bed+1Bath
units, approximately 650 SF each. (1) Unit has been
completely renovated, featuring new flooring,
appliances, fixtures and windows.
The subject property is located just outside the $6
Billion of development flooding into Downtown LB,
including the Long Beach Civic Center, Long Beach
Aquarium, OceanAire Project, CSULB Project, CSULB
Downtown Village, Broadway Block, The Pacific and
Queen Mary Island.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 05/24/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,406
Year Built
- Built in 1923
Lot Details
- 2,508 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
Interior Spaces
- 2,568 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 4 / 13
- Tax Tract Number 5758
- Assessor Parcel Number 7272015028
Community Details
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $20,556
- Gross Income $80,400
- Net Operating Income $57,432
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2022
Closed on
Aug 16, 2022
Sold by
Haddad Family Trust
Bought by
Lbchestnut Llc
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Andrew McAllister
eXp Realty of Greater L.A
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Total Days on Market
65
Views
4
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
$142,052
Avg. Annual Appreciation
5.04%
Original Mortgage
$650,000
Outstanding Balance
$624,451
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$517,601
Purchase Details
Listed on
Jan 14, 2020
Closed on
Feb 3, 2020
Sold by
Gumbiner Lee and Lee Gumbiner Living Trust
Bought by
Haddad Nour F and Haddad Fred Farid
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Jonathan Weir
Marcus & Millichap
List Price
$875,000
Sold Price
$875,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$610,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 13, 2017
Closed on
Jan 26, 2017
Sold by
Vernay Bryan M
Bought by
Gumbiner Lee and The Lee Gumbiner Living Trust
Seller's Agent
George Kpachavi
Keller Williams Realty-Studio City
Buyer's Agent
John Lindberg
Re/Max R. E. Specialists
List Price
$669,999
Sold Price
$668,000
Premium/Discount to List
-$1,999
-0.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%
Original Mortgage
$501,000
Interest Rate
4.19%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 8, 2015
Closed on
Oct 21, 2015
Sold by
Lb Shoreline Properties Llc
Bought by
Vernay Bryan M
Seller's Agent
Joseph Ammirato
Mark 1 Real Estate, Inc.
Buyer's Agent
Alex Sanchez
Realty ONE Group United
List Price
$630,000
Sold Price
$630,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$472,500
Interest Rate
3.71%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 15, 2014
Sold by
Zipusch Juliana Emily
Bought by
Lb Shoreline Properties Llc
Purchase Details
Listed on
Feb 28, 2013
Closed on
Apr 15, 2013
Sold by
Merriman Russell
Bought by
Zipusch Walter A and Ammirato Zipusch Juliana
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Joseph Ammirato
Mark 1 Real Estate, Inc.
List Price
$539,900
Sold Price
$542,500
Premium/Discount to List
$2,600
0.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$406,875
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 19, 2011
Sold by
Merriman Russell
Bought by
Merriman Russell and Merriman Deanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 23, 2011
Sold by
Merriman Russell
Bought by
Merriman Russell and Merriman Deanna
Purchase Details
Closed on
Mar 28, 2011
Sold by
Federal National Mortgage Association
Bought by
Merriman Russell and Merriman Deanna
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,600
Interest Rate
4.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 22, 2010
Sold by
Stefanovic Svetlana
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
May 16, 2005
Sold by
Stefanovic Nebojsa
Bought by
Stefanovic Svetlana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
1%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 11, 2005
Sold by
Southard Elizabeth
Bought by
Stefanovic Svetlana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
1%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Feb 11, 2004
Sold by
Lewis Ken
Bought by
Southard Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 28, 2004
Sold by
Nowicki Jacob
Bought by
Southard Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 31, 2003
Sold by
Lynds Gregory S
Bought by
Nowicki Jacob
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,600
Interest Rate
7.75%
Purchase Details
Closed on
Jan 31, 2003
Sold by
Lynds Gregory S
Bought by
Lynds Gregory S and Lynds Maureen T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,600
Interest Rate
7.75%
Purchase Details
Closed on
Dec 20, 2001
Sold by
Foley Michael E
Bought by
Lynds Gregory S and Lynds Maureen T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.15%
Purchase Details
Closed on
Mar 3, 2000
Sold by
Foley Michael
Bought by
Foley Michael E and Michael E Foley Trust
Purchase Details
Closed on
Nov 11, 1998
Sold by
Federal National Mortgage Association
Bought by
Foley Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.42%
Purchase Details
Closed on
Sep 25, 1998
Sold by
Smith George Britton
Bought by
Federal National Mortgage Association
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.42%
Purchase Details
Closed on
Jun 4, 1996
Sold by
Solis Victoria P
Bought by
Ruiz Mary Lou and Solis Family Trust
Purchase Details
Closed on
Jul 8, 1994
Sold by
Smith George Britton
Bought by
Sanford Walter S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,500
Interest Rate
8.57%
Mortgage Type
Seller Take Back
Similar Homes in Long Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lbchestnut Llc | $1,000,000 | Chicago Title | |
| Haddad Nour F | $875,000 | First American Title Company | |
| Gumbiner Lee | $668,000 | Chicago Title Company | |
| Vernay Bryan M | $630,000 | Wfg National Title | |
| Lb Shoreline Properties Llc | -- | None Available | |
| Zipusch Juliana Emily | -- | None Available | |
| Zipusch Walter A | $542,500 | Fidelity National Title Co | |
| Merriman Russell | -- | Lawyers Title Company | |
| Merriman Aaron | -- | Lawyers Title Company | |
| Lujan Aaron | -- | Lawyers Title Company | |
| Merriman Russell | -- | None Available | |
| Merriman Russell | $325,000 | First American Title Ins Co | |
| Federal National Mortgage Association | $595,507 | Landsafe Title | |
| Stefanovic Svetlana | -- | -- | |
| Stefanovic Svetlana | $680,000 | -- | |
| Southard Elizabeth | -- | North American Title Co | |
| Southard Elizabeth | $500,000 | North American Title Co | |
| Nowicki Jacob | $374,000 | Commonwealth | |
| Lynds Gregory S | -- | Commonwealth | |
| Lynds Gregory S | $225,000 | First American Title Co | |
| Foley Michael E | -- | -- | |
| Foley Michael | $127,500 | Chicago Title | |
| Federal National Mortgage Association | $91,477 | First American Title Ins Co | |
| Ruiz Mary Lou | -- | -- | |
| Sanford Walter S | -- | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lbchestnut Llc | $650,000 | |
| Previous Owner | Haddad Nour F | $610,000 | |
| Previous Owner | Gumbiner Lee | $501,000 | |
| Previous Owner | Vernay Bryan M | $472,500 | |
| Previous Owner | Zipusch Walter A | $406,875 | |
| Previous Owner | Merriman Russell | $295,000 | |
| Previous Owner | Merriman Russell | $285,600 | |
| Previous Owner | Stefanovic Svetlana | $123,000 | |
| Previous Owner | Stefanovic Svetlana | $615,000 | |
| Previous Owner | Stefanovic Svetlana | $544,000 | |
| Previous Owner | Southard Elizabeth | $360,000 | |
| Previous Owner | Nowicki Jacob | $336,600 | |
| Previous Owner | Lynds Gregory S | $180,000 | |
| Previous Owner | Foley Michael | $136,000 | |
| Previous Owner | Sanford Walter S | $14,500 | |
| Closed | Southard Elizabeth | $90,000 | |
| Closed | Stefanovic Svetlana | $68,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $1,000,000 | -4.8% | $389 / Sq Ft |
| 07/29/2022 07/29/22 | Pending | -- | -- | -- |
| 07/14/2022 07/14/22 | Price Changed | $1,050,000 | -3.2% | $409 / Sq Ft |
| 07/07/2022 07/07/22 | Price Changed | $1,085,000 | -1.4% | $423 / Sq Ft |
| 07/06/2022 07/06/22 | For Sale | $1,100,000 | +10.0% | $428 / Sq Ft |
| 07/02/2022 07/02/22 | Off Market | $1,000,000 | -- | -- |
| 06/30/2022 06/30/22 | For Sale | $1,100,000 | +10.0% | $428 / Sq Ft |
| 06/30/2022 06/30/22 | Off Market | $1,000,000 | -- | -- |
| 05/24/2022 05/24/22 | For Sale | $1,100,000 | +25.7% | $428 / Sq Ft |
| 03/05/2020 03/05/20 | Sold | $875,000 | 0.0% | $341 / Sq Ft |
| 01/27/2020 01/27/20 | Pending | -- | -- | -- |
| 01/14/2020 01/14/20 | For Sale | $875,000 | +31.0% | $341 / Sq Ft |
| 03/10/2017 03/10/17 | Sold | $668,000 | -0.3% | $260 / Sq Ft |
| 01/17/2017 01/17/17 | Pending | -- | -- | -- |
| 01/13/2017 01/13/17 | For Sale | $669,999 | +6.3% | $261 / Sq Ft |
| 11/23/2015 11/23/15 | Sold | $630,000 | 0.0% | $245 / Sq Ft |
| 08/28/2015 08/28/15 | Pending | -- | -- | -- |
| 04/08/2015 04/08/15 | For Sale | $630,000 | +16.1% | $245 / Sq Ft |
| 05/21/2013 05/21/13 | Sold | $542,500 | +0.5% | $211 / Sq Ft |
| 04/15/2013 04/15/13 | Pending | -- | -- | -- |
| 02/11/2013 02/11/13 | For Sale | $539,900 | -- | $210 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $13,406 | $1,020,000 | $622,200 | $397,800 |
| 2023 | $13,177 | $1,000,000 | $610,000 | $390,000 |
| 2022 | $11,432 | $901,745 | $587,423 | $314,322 |
| 2021 | $11,198 | $884,064 | $575,905 | $308,159 |
| 2020 | $9,175 | $709,145 | $498,767 | $210,378 |
| 2019 | $9,067 | $695,247 | $488,988 | $206,259 |
| 2018 | $8,831 | $681,620 | $479,400 | $202,220 |
| 2016 | $7,837 | $630,000 | $440,000 | $190,000 |
| 2015 | $6,676 | $545,000 | $380,000 | $165,000 |
| 2014 | $6,764 | $544,962 | $381,725 | $163,237 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
Seller's Agent in 2022
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
2 in this area
180 Total Sales
-
Evelyn Baez Gonzalez
Seller Co-Listing Agent in 2022
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
(310) 598-1233
1 in this area
54 Total Sales
-
Andrew McAllister
A
Buyer's Agent in 2022
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
1 in this area
16 Total Sales
-
Drew McAllister
Buyer's Agent in 2022
Drew McAllister
Nationwide Real Estate Execs
(562) 528-8105
1 in this area
13 Total Sales
-
Jamee Lindberg
Seller's Agent in 2020
Jamee Lindberg
RE/MAX
(562) 881-3811
83 Total Sales
-
John Lindberg
Seller Co-Listing Agent in 2020
John Lindberg
RE/MAX
(562) 897-1113
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22097448
APN: 7272-015-028
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.
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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