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1036 Chestnut Ave, Long Beach, CA, 90813

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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1036 Chestnut Ave, Long Beach$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1949
MLS #PW24201199
Lot Size0.17 Acres
StatusActive

About 1036 Chestnut Ave

We are pleased to present a 7 unit apartment building located at 1036 Chestnut Avenue in Long Beach, California. This is a value-add opportunity in a great location of Willmore in Long Beach. The subject property is close to St Mary Medical Center, 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 3,770 rentable square feet spread throughout a 7,478 square foot lot. Units 1-6 was built in 1960 and unit A was built in 1949. All units are one bedroom / one bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 7 parking spaces in the rear which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Stories: 2

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Email: kking@marcusmillichap.com
  • Listing Agent: Kevin King

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Other

Directions Information:

  • Directions: 10TH ST & CHESTNUT AVE

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $12,708
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$824.6K

Med. Price/SqFt

$633

Avg. Days On Market

34

# of Sold Homes

212

1036 Chestnut Ave vs Long Beach

55 DAYS ON ROCKET

+21 Days

$1,500,000

+$675.3K More

KEY TAKEAWAY

This property is $675.3K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24201199

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Email: kking@marcusmillichap.com
  • Listing Agent: Kevin King

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 22, 2005Home Sold
$750,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,708$966,289
2020$12,527$955,907
2019$12,131$937,165
2018$12,002$918,791
2017$12,002$900,776

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-455020
5
/10

  • Oropeza Elementary School

  • 700 Locust Ave

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-455021
6
/10

  • Edison Elementary School

  • 625 Maine Ave

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-455022
3
/10

  • Chavez Elementary School

  • 730 W 3rd St

  • 0.74 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,667. Typical income of Long Beach, CA residents is less than $35k annually. The most common type of family is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1036 Chestnut Ave

What is the listing price of this property?

The listing price of 1036 Chestnut Ave property is $1,500,000.

What type of property is this?

The property 1036 Chestnut Ave is a condo located in Long Beach, California, 90813.

Is this property for sale now?

Active Listing: 1036 Chestnut Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,708 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 22, 2005 for $750,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1036 Chestnut Ave is 1949.

Rocket Homes›California›Los Angeles County›Long Beach›90813›1036 Chestnut Ave

This home is located at 1036 Chestnut Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1949, sits on a 0.17 acre lot. It has been listed on Rocket Homes since September 28, 2024 and is currently priced at $1,500,000.

While more than 94 listings in Long Beach, CA in October 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 83 were sold below. Between September 2024 and October 2024, Long Beach, CA real estate market has seen decrease in the number of listings by 0.1%. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $824,667.

From Rocket Homes Real Estate and based on county public records data.

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