1027 Chestnut Ave Long Beach, CA 90813

$--

6 Beds
9 Baths
3,224 Sq.Ft.

Off Market

Map preview of 1027 Chestnut Ave, Long Beach, CA 90813

Property Overview: 1027 Chestnut Ave Long Beach, CA has 6 bedrooms, 9 bathrooms, 3,224 living square feet and 6,862 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1027 Chestnut Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $780,000. The median price per/sqft for Long Beach is $646. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $156,000 for the down payment and will need roughly $15,600 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1027 Chestnut Ave

Last sold on December 28th, 2018

December, 2018
Dec 28, 2018

Date

Sold (Public Records)

Public Records

--

Price
September, 2018
Sep 11, 2018

Date

Sold

CRMLS: RS18093079

$1,240,000

Price
Aug 6, 2018

Date

Active Under Contract

CRMLS: RS18093079

$1,388,000

Price
Apr 23, 2018

Date

Active

CRMLS: RS18093079

$1,388,000

Price
Listing provided courtesy of CRMLS

Incredible value add opportunity in the heart of Downtown Long Beach's "Drake Park" neighborhood. Roughly 25% upside in monthly income and a 6.68% cap rate at market rents. Three Buildings: (1) 3 Bed / 2 bath detached house, (5) - Studios and (2) - Studios above a 3 car garage. Unit 1027 was just remodeled with two-tone paint, vinyl plank floors, granite counters & updated fixtures and will be rented for $1095. Some units are modestly updated including new kitchen & bathroom tiling, refinished original hardwood flooring and crown molding in the detached house, new gas ranges and two-tone interior paint.

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September, 2018
Sep 11, 2018

Date

Sold (Public Records)

Public Records

$1,275,000

Price

Tax History for 1027 Chestnut Ave

Assessed Value (2020): $1,301,060

Year	Land Value	Improved Value	Assessed Value
2020	$907,800	$393,260	$1,301,060

About 1027 Chestnut Ave

Detailed summary of property

1027 Chestnut Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90813 and is currently off market. This property has 6 bedrooms, 9 bathrooms, roughly 3,224 living square feet, and sits on an approximately 6,862 square foot lot. Homes in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Local nearby listings include 528 Cedar Ave #2N, 528 Cedar Ave #1J and 401 W 5th St #3B. The average home in Long Beach, CA is selling in 62 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. If you are the homeowner and looking to sell the home at 1027 Chestnut Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1027 Chestnut Ave

Public county record property details

Beds: 6
Baths: 9
Year built: 1923
Sq. Ft.: 3,224
Lot Size: 6,862
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 7272-007-008

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$560,000

Median List Price/Sq.Ft.

$553

Median Sold Price

$495,000

Median Sold Price/Sq.Ft.

$587

Total Inventory

Median Sale to List Price %

99.02%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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