1731 Chestnut Ave Long Beach, CA 90813

$1,450,000 Sold Price as of 05/15/2018

-- Beds
12 Baths
3,904 Sq.Ft.

Off Market

$1,450,000 Sold Price as of 05/15/2018 Refinance Your Mortgage

Map preview of 1731 Chestnut Ave, Long Beach, CA 90813

Property Overview: 1731 Chestnut Ave Long Beach, CA has -- bedrooms, 12 bathrooms, 3,904 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1731 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 1731 Chestnut Ave

Last sold for $1,450,000 on May 15th, 2018

May, 2018
May 15, 2018

Date

Sold (Public Records)

Public Records

$1,450,000

Price
March, 2018
Mar 1, 2018

Date

Expired

CRMLS: SB17150402

$1,500,000

Price
Feb 28, 2018

Date

Price Change

CRMLS: SB17150402

$1,500,000

Price
Feb 28, 2018

Date

Active

CRMLS: SB17150402

$1,550,000

Price
Jan 30, 2018

Date

Withdrawn

CRMLS: SB17150402

$1,550,000

Price
Jan 4, 2018

Date

Hold

CRMLS: SB17150402

$1,550,000

Price
Oct 10, 2017

Date

Price Change

CRMLS: SB17150402

$1,550,000

Price
Sep 11, 2017

Date

Active

CRMLS: SB17150402

$1,600,000

Price
Listing provided courtesy of CRMLS

REDUCED $50K. DEAL FOR FAST SALE @ 4.66% ACTUAL CAP /11.93 GRM! 20% UPSIDE IN RENTS! 10.3 X GRM & 5.9% MARKET CAP RATE! PROFESSIONALLY MANAGED & WILL STAY ON AFTER CLOSE! Pueblo Chestnut is a one story, bungalow style, gated community with two 6 units forming a common courtyard with natural stone grounds. The property has both a front and rear exit which provides natural light and a nice breezeway into this efficient unit. All utilities are paid by the owners & there are solar panels on a very inexpensive lease, the landlord is able to save lots of money every year! There is a separate laundry room where the owners own and collect additional income on the coins, two water heaters, one fr each building and four enclosed garages off the alley which provide more income. The current in-place rents are still way below market and with some light cosmetic rehab, there could be annual increases for a new owner. The property has some copper upgrades as well and the units all have tile floors in each unit. The property is able to rent fast because it is very affordable and there is pent up demand in Long Beach due to lack of new construction and a population that keeps growing. There are many waterfront and other projects along with both LA and Log Beach Harbors which move millions of good & services daily to businesses all over California & other states as well. This Large port community has been employment source for over 100 years now and it is going through a huge makeover.

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June, 2017
Jun 12, 2017

Date

Sold (Public Records)

Public Records

$1,187,000

Price

Tax History for 1731 Chestnut Ave

Assessed Value (2020): $1,509,420

Year	Land Value	Improved Value	Assessed Value
2020	$520,200	$989,220	$1,509,420

About 1731 Chestnut Ave

Detailed summary of property

1731 Chestnut Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90813 and last sold on May 15, 2018 for $1,450,000. This property has -- bedrooms, 12 bathrooms, roughly 3,904 living square feet, and sits on an approximately 7,502 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 77.05% higher than the current median priced home. 1731 Chestnut Ave was last sold on May 15, 2018 for $1,450,000. Local nearby listings include 800 Pacific Ave #205, 800 Pacific Ave #200 and 835 Locust Ave #323. 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 1731 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 1731 Chestnut Ave

Public county record property details

Beds: --
Baths: 12
Year built: 1923
Sq. Ft.: 3,904
Lot Size: 7,502
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13,14
APN: 7269-037-028

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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