NOT LISTED FOR SALE

844 Chestnut Ave Long Beach, CA 90813

Willmore Neighborhood
1 Bed
10 Baths
4,152 Sq Ft
1922 Built

Last Sold February 01, 2018

Last sale price $1,335,000 $322 Per Sq Ft

19 Days on Market

Highlights

  • No Units Above
  • Property is near park
  • Laundry Room
  • 7,565 Sq Ft lot
  • No HOA
  • Level Lot

About This Home

As of February 2018

Good potential for these bread and butter income units. Located near the vibrant downtown area, this property offers opportunities for the savvy investor. Please do not bother the tenants. Tenants are not aware property is for sale. Make offer subject to interior inspection.

Last Agent to Sell the Property

Walter Bowman

Bowman Real Estate License #00444341 Listed on: 11/25/2017

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,565 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Level Lot

Home Design

  • 4,152 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 10 Bathrooms

Laundry

  • Laundry Room

Location

  • Property is near park
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 14
  • Assessor Parcel Number 7272014004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $3,300
  • Insurance Expense $2,000
  • Maintenance Expense $2,619
  • Professional Management Expense $4,365
  • Trash Expense $1,200
  • Water Sewer Expense $3,053
  • New Taxes Expense $16,488
  • Operating Expense $33,025
  • Gross Income $87,300
  • Net Operating Income $51,656

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Professional Management Expense: 4365.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 3053.00
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7272014004
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Levels: One
  • Price Per Square Foot: 321.53

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Park Nearby
  • Lot Size Sq Ft: 7565.00

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 3300.00
  • Gross Income: 87300.00
  • Gross Operating Income: 84681.00
  • Gross Scheduled Income: 87300.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 2619.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 51656.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 13
  • Operating Expense: 33025.00
  • Operating Expense Percent: 38.00
  • Rent Control: No
  • Total Actual Rent: 5425.00
  • Total Expenses: 33025.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16488.00
  • Tax Block: 14
  • Tax Census Tract: 5758.02
  • Tax Lot: 1
  • Tax Tract Number: 00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2018 02/01/18 Sold $1,335,000 +1.2% $322 / Sq Ft
11/25/2017 11/25/17 For Sale $1,319,000 -- $318 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2018

    Walter Bowman

    Bowman Real Estate

  • Jon Swire

    Buyer's Agent in 2018

    Jon Swire

    The Agency

    (310) 948-2631

    3 in this area

    34 Total Sales

    Jon Swire
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17263977

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Willmore

844 Chestnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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.

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