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2265 Chestnut Ave, Long Beach, CA 90806
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2265 Chestnut Ave Long Beach, CA 90806

$1,375,000 Sold Price as of 06/04/2019
  • 8 Beds
  • 4 Baths
  • 5,585 Sq.Ft.
Sold
$1,375,000 Sold Price as of 06/04/2019 Refinance Your Mortgage
Map preview of 2265 Chestnut Ave, Long Beach, CA 90806

Property Overview: 2265 Chestnut Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 5,585 living square feet and 6,502 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: One of a kind, Very Desirable 4 unit Building in popular Wrigley Area. 4 Spacious 2 Bedroom 1 bath Units , building is over 5500 Square Feet ( Assessor Data). Inside Laundry in each unit, 4 Garages. Building is professionally managed and in Good condition. rents are slightly below market. so there's still room for some rent increases.

Listed by Dave Delmotte | BRE #00635555 | Coldwell Banker Coastal Alliance
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
6,502
HOA Dues
$0/mo
Year built
1929
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW19065075
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.09
  • Gross Scheduled Income: $91,080
  • Net Operating Income: $38,970
  • Gross Operating Income: $91,080
  • # of Rented Garages: 4
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $43,179
  • Electric: $67
  • New Taxes: $17,188
  • Trash: $360
  • Insurance: $2,416
  • Water/Sewer: $930

Property Details for 2265 Chestnut Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Garage - Single Door
Lot Information
  • Lot Features: Front Yard, Landscaped, Lawn, Lot 6500-9999
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7205023017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Wrigley Area (WR)
  • Directions: S/Willow E/ Magnolia
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 2265 Chestnut Ave

Last sold for $1,375,000 on June 4th, 2019

  • June, 2019

  • Jun 5, 2019

    Date

    Sold

    CRMLS: PW19065075

    $1,375,000

    Price

  • Apr 10, 2019

    Date

    Active Under Contract

    CRMLS: PW19065075

    $1,375,000

    Price

  • Mar 25, 2019

    Date

    Active

    CRMLS: PW19065075

    $1,375,000

    Price

  • June, 2019

  • Jun 4, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,375,000

    Price

  • December, 2003

  • Dec 22, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2265 Chestnut Ave

Assessed Value (2020): $1,402,500
Year Land Value Improved Value Assessed Value
2020 $612,000 $790,500 $1,402,500

Home Value Compared to the Market

This property vs the competition

2265 Chestnut Ave sold on June 4, 2019 for 67.89% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $246.2 per/sqft which puts the price per square foot 60.8% lower than the current median sale per square foot for the city of Long Beach.

About 2265 Chestnut Ave

Detailed summary of property

2265 Chestnut Ave is a fourplex that recently sold in Long Beach, CA 90806. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 5,585 living square feet, and sits on an approximately 6,502 square foot lot. 2265 Chestnut Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,375,000. Home 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 67.89% higher than the current median priced home. Local homes that are currently for sale include 1010 Lime Ave, 1132 E Arcadia Court and 801 Atlantic Ave. While the average home in Long Beach, CA is selling in 62 days, 2265 Chestnut Ave has a days on market of 15 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. For more information on this home for sale at 2265 Chestnut Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2265 Chestnut Ave

Public county record property details
Beds
8
Baths
4
Year built
1929
Sq. Ft.
5,585
Lot Size
6,501
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
7205-023-017

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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