811 Chestnut Ave Long Beach, CA 90813
Willmore Neighborhood
6
Beds
4
Baths
2,568
Sq Ft
2,508
Sq Ft Lot
Highlights
- Wood Flooring
- Neighborhood Views
- Living Room
- No HOA
- Cooling System Mounted To A Wall/Window
- Ceiling Fan
About This Home
As of September 2022Great opportunity to own an investment property. This property is located just blocks away from the beach. Positive cash flow, great location and no rent control. This 4 unit property has 3 units currently rented, 1 unit is vacant, perfect for the new owner to live within the units. Located minutes from the transportation, restaurants and major freeways. Buyer to cooperate with Sellers 1031 exchange at no cost to buyer.
Last Agent to Sell the Property
Keller Williams Realty-Studio City License #01839703 Listed on: 01/13/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,406
Year Built
- Built in 1923
Lot Details
- 2,508 Sq Ft Lot
- Property fronts a private road
- Two or More Common Walls
- Front Yard
Home Design
- Property Attached
Interior Spaces
- 2,568 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Window Screens
- Living Room
- Neighborhood Views
Kitchen
- Gas Cooktop
- Range Hood
- Laminate Countertops
- Disposal
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Phone Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 3
- Tax Tract Number 5758
- Assessor Parcel Number 7272015028
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $913
- Trash Expense $900
- Water Sewer Expense $1,080
- New Taxes Expense $7,837
- Operating Expense $10,730
- Gross Income $38,470
- Net Operating Income $46,307
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%
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
$88,626
Avg. Annual Appreciation
5.12%
Original Mortgage
$650,000
Outstanding Balance
$621,867
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$529,984
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
6.37%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,000,000 | Chicago Title | |
| Grant Deed | $875,000 | First American Title Company | |
| Grant Deed | $668,000 | Chicago Title Company | |
| Grant Deed | $630,000 | Wfg National Title | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $542,500 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $325,000 | First American Title Ins Co | |
| Trustee Deed | $595,507 | Landsafe Title | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | $680,000 | -- | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Grant Deed | $500,000 | North American Title Co | |
| Grant Deed | $374,000 | Commonwealth | |
| Interfamily Deed Transfer | -- | Commonwealth | |
| Grant Deed | $225,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Corporate Deed | $127,500 | Chicago Title | |
| Trustee Deed | $91,477 | First American Title Ins Co | |
| Gift Deed | -- | -- | |
| Grant Deed | -- | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $650,000 | New Conventional | |
| Previous Owner | $610,000 | New Conventional | |
| Previous Owner | $501,000 | New Conventional | |
| Previous Owner | $472,500 | New Conventional | |
| Previous Owner | $406,875 | New Conventional | |
| Previous Owner | $295,000 | New Conventional | |
| Previous Owner | $285,600 | New Conventional | |
| Previous Owner | $123,000 | Credit Line Revolving | |
| Previous Owner | $615,000 | New Conventional | |
| Previous Owner | $544,000 | Negative Amortization | |
| Previous Owner | $360,000 | Purchase Money Mortgage | |
| Previous Owner | $336,600 | No Value Available | |
| Previous Owner | $180,000 | No Value Available | |
| Previous Owner | $136,000 | No Value Available | |
| Previous Owner | $14,500 | Seller Take Back | |
| Closed | $90,000 | No Value Available | |
| Closed | $68,000 | No Value Available |
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 |
|---|---|---|---|---|
| 2025 | $13,406 | $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
-
Seller's Agent in 2022
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
2 in this area
182 Total Sales
-
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
-
A
Buyer's Agent in 2022
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
1 in this area
16 Total Sales
-
Buyer's Agent in 2022
Drew McAllister
Nationwide Real Estate Execs
(562) 528-8105
1 in this area
13 Total Sales
-
Seller's Agent in 2020
Jamee Lindberg
RE/MAX
(562) 881-3811
84 Total Sales
-
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: SR17008262
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
Nearby Homes
- 324 W 9th St
- 310 W 8th St
- 405 W 9th St
- 843 Cedar Ave
- 833 Cedar Ave
- 735 Cedar Ave Unit 6
- 433 W 9th St
- 433 W 7th St
- 501 W 8th St
- 618 Chestnut Ave
- 869 Magnolia Ave
- 728 Cedar Ave Unit 29
- 728 Cedar Ave Unit 26
- 728 Cedar Ave Unit 22
- 626 Chestnut Ave Unit 5
- 948 Cedar Ave
- 445 W 6th St Unit 309
- 800 Pacific Ave Unit 301
- 800 Pacific Ave Unit 309
- 939 Pacific Ave