NOT LISTED FOR SALE

Estimated Value: $1,037,814 - $1,082,000

4 Beds
4 Baths
2,568 Sq Ft
$410/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2022

Last sale price $1,000,000 $389 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,772 / mo

65 Days on Market

About This Home

As of September 2022

Completely 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

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 05/24/2022

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Evelyn Baez Gonzalez

Lyon Stahl Investment Real Estate, Inc. License #02103055

Last Buyer's Agent

Andrew McAllister

eXp Realty of Greater L.A License #01946829

eXp Realty of Greater L.A

Property Details

Home Type

  • Multi-Family

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 in unit

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

2,508 Sq Ft Lot

Listing Details

  • CapRate: 5.29
  • Property Attached: Yes
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7272015028
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 389.41

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2508.00
  • Lot Size Acres: 0.0576

Multi Family

  • Gross Income: 80400.00
  • Gross Multiplier: 13.50
  • Gross Operating Income: 77988.00
  • Gross Scheduled Income: 80400.00
  • Lot Size Area: 2508.0000 Square Feet
  • Net Operating Income: 57432.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20556.00
  • Rent Control: Yes
  • Total Expenses: 20556.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 5758.02
  • Tax Lot: 4
  • Tax Tract Number: 5758

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2020
Closed on
Feb 3, 2020
Sold by
Bought by
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
Current Estimated Value
$1,037,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,702
Avg. Annual Appreciation
2.95%
Original Mortgage
$610,000
Outstanding Balance
$540,112
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$512,842

Purchase Details

Listed on
Jan 13, 2017
Closed on
Jan 26, 2017
Sold by
Bought by
Seller's Agent
George Kpachavi
LPT Realty, Inc
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
Bought by
Seller's Agent
Joseph Ammirato
Mark 1 Real Estate, Inc.
Buyer's Agent
Alex Sanchez
eXp Realty of Southern California, Inc.
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
Bought by

Purchase Details

Listed on
Feb 28, 2013
Closed on
Apr 15, 2013
Sold by
Bought by
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
5.17%
Original Mortgage
$406,875
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2011
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Mar 28, 2011
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
May 16, 2005
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Nov 11, 1998
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jul 8, 1994
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$875,000 First American Title Company
$668,000 Chicago Title Company
$630,000 Wfg National Title
-- None Available
-- None Available
$542,500 Fidelity National Title Co
-- Lawyers Title Company
-- Lawyers Title Company
-- Lawyers Title Company
-- None Available
$325,000 First American Title Ins Co
$595,507 Landsafe Title
-- --
$680,000 --
-- North American Title Co
$500,000 North American Title Co
$374,000 Commonwealth
-- Commonwealth
$225,000 First American Title Co
-- --
$127,500 Chicago Title
$91,477 First American Title Ins Co
-- --
-- North American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $610,000
Previous Owner $501,000
Previous Owner $472,500
Previous Owner $406,875
Previous Owner $295,000
Previous Owner $285,600
Previous Owner $544,000
Previous Owner $360,000
Previous Owner $336,600
Previous Owner $180,000
Previous Owner $136,000
Previous Owner $14,500
Closed $90,000
Closed $68,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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 View Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,009 $1,040,400 $634,644 $405,756
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22097448

California Regional Multiple Listing Service (CRMLS)

APN: 7272-015-028

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