1424 Chestnut Ave Long Beach, CA 90813

$1,790,000 Sold Price as of 03/31/2016

16 Beds
16 Baths
9,484 Sq.Ft.

Off Market

$1,790,000 Sold Price as of 03/31/2016 Refinance Your Mortgage

Map preview of 1424 Chestnut Ave, Long Beach, CA 90813

Property Overview: 1424 Chestnut Ave Long Beach, CA has 16 bedrooms, 16 bathrooms, 9,484 living square feet and 6,770 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1424 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 1424 Chestnut Ave

Last sold for $1,790,000 on March 31st, 2016

March, 2016
Mar 31, 2016

Date

Sold (Public Records)

Public Records

$1,790,000

Price
March, 2013
Mar 29, 2013

Date

Sold (Public Records)

Public Records

--

Price
October, 2012
Oct 26, 2012

Date

Sold

CRMLS: V12108827

$1,086,000

Price
Aug 30, 2012

Date

Active

CRMLS: V12108827

$1,075,000

Price
Listing provided courtesy of CRMLS

Blow out Price !!!!!!! Owners have spent a substantial amount in remodeling cost. Their loss is your gain, owners state, they spent over 300k in upgrades. Newer, near full copper re-plumb in all 16 units. Newer/Remodeled/upgraded kitchen and baths. Replaced/upgraded carpet, laminate, doors, windows, paint..........Bread and butter units. Light and bright, building has a lot of character, directly across the street from a brand new park. Front units have park views. Building rents quickly. Units have walk-in closets. Cherry and oak cabinets, units come with a fridge, stove, ceiling fan and many other upgrades. Building is close to schools, shopping, bus lines, and minutes from thriving downtown scene, and shoreline oceanfornt. Easy access to the 710 and 405 freeways. Sweet deal, all cash offers please, thank you. !! Hello !

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May, 2012
May 17, 2012

Date

Expired

CRMLS: V11150001

$1,199,000

Price
Nov 16, 2011

Date

Active

CRMLS: V11150001

$1,199,000

Price
Listing provided courtesy of CRMLS

Building under new management. Owners have rehabbed all units at substantial cost, their loss is your gain. all 16 units, new copper plumbing, brand updated kitchens, baths, carpet, laminate floors, doors, windows, paint..........All units are light and bright, building has character, across street from new park, only one building as your neighbor. Building rents quickly. All 1 bedroom & 1 bath units have a walk-in closet, kitchens have been upgraded, flooring, cherry/oak cabinets, and come with a fridge, and stove, and ceiling fan. Evictions underway on 4 units, 3 vacancies as of 5/14/12. full house, plus parking, building brings just under 13k a month! Buy now, fill it up, and enjoy great cash flow, at under 8 X Gross!! They are close to schools, shopping and more, with easy access to the 710 and 405 freeways. Owners prefer cash offers, thank you.

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Tax History for 1424 Chestnut Ave

Assessed Value (2020): $1,942,453

Year	Land Value	Improved Value	Assessed Value
2020	$541,216	$1,401,237	$1,942,453

About 1424 Chestnut Ave

Detailed summary of property

1424 Chestnut Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90813 and last sold on March 31, 2016 for $1,790,000. This property has 16 bedrooms, 16 bathrooms, roughly 9,484 living square feet, and sits on an approximately 6,770 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. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 118.56% higher than the current median priced home. 1424 Chestnut Ave was last sold on March 31, 2016 for $1,790,000. Local nearby listings include 835 Locust Ave #618, 835 Locust Ave #323 and 835 Locust Ave #424. 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 1424 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 1424 Chestnut Ave

Public county record property details

Beds: 16
Baths: 16
Year built: 1924
Sq. Ft.: 9,484
Lot Size: 6,770
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 25
APN: 7269-041-026

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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