1471 Chestnut Ave Long Beach, CA 90813

$1,060,000 Sold Price as of 02/21/2019

11 Beds
6 Baths
4,276 Sq.Ft.

Off Market

$1,060,000 Sold Price as of 02/21/2019 Refinance Your Mortgage

Map preview of 1471 Chestnut Ave, Long Beach, CA 90813

Property Overview: 1471 Chestnut Ave Long Beach, CA has 11 bedrooms, 6 bathrooms, 4,276 living square feet and 4,767 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1471 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 1471 Chestnut Ave

Last sold for $1,060,000 on February 21st, 2019

February, 2019
Feb 26, 2019

Date

Sold

CRMLS: PW18183556

$1,060,000

Price
Jan 11, 2019

Date

Pending

CRMLS: PW18183556

$1,095,000

Price
Dec 11, 2018

Date

Active

CRMLS: PW18183556

$1,095,000

Price
Nov 13, 2018

Date

Pending

CRMLS: PW18183556

$1,095,000

Price
Sep 18, 2018

Date

Price Change

CRMLS: PW18183556

$1,095,000

Price
Jul 31, 2018

Date

Active

CRMLS: PW18183556

$1,125,000

Price
Listing provided courtesy of CRMLS

This large 4 unit plus 1 non-conforming, apartment complex, has three 2 bed, 1.5 bath apartments and two 2 bed, 1 bath apartments. All units have laminate wood flooring, newer windows. There are 5 garages off the alley, divided between all 5 units. Common area and a basement laundry room. Property is gated front and back for privacy/security. New wrought iron fences install a year ago. 4 apartments in the front building and 1 apartment over the garages at the rear of the property. Front downstairs units have floor heaters and the other units have wall heaters.

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February, 2019
Feb 21, 2019

Date

Sold (Public Records)

Public Records

$1,060,000

Price
July, 2014
Jul 18, 2014

Date

Sold (Public Records)

Public Records

$715,000

Price
April, 2014
Apr 18, 2014

Date

Price Change

CRMLS: SB14079587

$725,000

Price
Listing provided courtesy of CRMLS

This 4-unit (+1 Non-Conforming) investment offering is priced to sell at $145,000/unit for turn-key Long Beach product! The subject property is 4,200+ Sqft and sits on a Large 4,768 sq. ft. lot! This building is not subject to rent control and is located below Pacific Coast Highway and just east of the 710 FWY. All of the units are currently occupied and there are 5 individual garage spaces. Please see attached set up sheet for actual rents and unit mix. With interest rates at historic lows this investment property will not last long!

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Tax History for 1471 Chestnut Ave

Assessed Value (2020): $1,081,720

Year	Land Value	Improved Value	Assessed Value
2020	$510,000	$571,720	$1,081,720

About 1471 Chestnut Ave

Detailed summary of property

1471 Chestnut Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Long Beach, CA 90813 and last sold on February 21, 2019 for $1,060,000. This property has 11 bedrooms, 6 bathrooms, roughly 4,276 living square feet, and sits on an approximately 4,767 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 29.43% higher than the current median priced home. 1471 Chestnut Ave was last sold on February 21, 2019 for $1,060,000. Local nearby listings include 735 Cedar Ave #15, 735 Cedar Ave #25 and 441 E 17th St. 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 1471 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 1471 Chestnut Ave

Public county record property details

Beds: 11
Baths: 6
Year built: 1925
Sq. Ft.: 4,276
Lot Size: 4,767
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 7269-040-030

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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