2 months on rocket

2024 Chestnut Ave, Long Beach, CA, 90806

$1,350,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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2024 Chestnut Ave, Long Beach$1,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGarage Faces Rear
Garage4 spaces
Year Built1928
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #SB24215716
Lot Size0.15 Acres
StatusActive

About 2024 Chestnut Ave

Just reduced! Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street. The property is priced to sell at 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean
  • Year Built: 1928
  • Stories: 2

Listing Office:

  • Office Name: Buckingham Investments, Inc
  • Office Phone: (310) 867-1183
  • Listing Agent: Anthony Walker

Interior Features

Interior Information:

  • Appliances: Gas Oven, Gas Range
  • Flooring Type: Carpet, Tile, Vinyl
  • Interior: Laminate Counters, Quartz Counters
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Garage Faces Rear

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: West of Pacific, North of PCH

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,350,000

Tax Information:

  • Annual Amount: $7,593
  • 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

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

2024 Chestnut Ave vs Long Beach

70 DAYS ON ROCKET

+35 Days

$1,350,000

+$524.8K More

KEY TAKEAWAY

This property is $524.8K 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: #SB24215716

Listing Office:

  • Office Name: Buckingham Investments, Inc
  • Office Phone: (310) 867-1183
  • Listing Agent: Anthony Walker

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: 12/28/2024, 3:21:02 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

Sep 14, 2021Home Sold
$1,300,000
Sep 07, 2012Home Sold
$430,000
Aug 15, 2007Home Sold
$900,000
Jan 30, 2003Home Sold
$340,000
May 22, 2000Home Sold
$296,000
Aug 06, 1999Home Sold
$140,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,593$566,828
2020$7,485$560,443
2019$7,217$549,455
2018$7,142$538,682
2017$7,142$528,121

History based on county public records data.

Payment Calculator

$6,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,114

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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-1926223
5
/10

  • Lafayette Elementary School

  • 2445 Chestnut Ave

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-1926224
4
/10

  • Smith Elementary School

  • 565 E Hill St

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-1926225
6
/10

  • Roosevelt Elementary School

  • 1574 Linden Ave

  • 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 $62,127. Most Long Beach, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2024 Chestnut Ave

What is the listing price of this property?

The listing price of 2024 Chestnut Ave property is $1,350,000.

What type of property is this?

The property 2024 Chestnut Ave is a condo located in Long Beach, California, 90806.

Is this property for sale now?

Active Listing: 2024 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 $7,593 (source: MLS/based on county public records data).

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

The last sale was on September 14, 2021 for $1,300,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 2024 Chestnut Ave is 1928.

Rocket Homes›California›Los Angeles County›Long Beach›90806›2024 Chestnut Ave

This home is located at 2024 Chestnut Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. This home, which was built in 1928, sits on a 0.15 acre lot. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $1,350,000.

Over 66 listings were sold over their listed price in November 2024 in Long Beach, CA. In the same period over 64 listings were sold below the listed price and 32 listings were sold for the listed price. The number of listings in Long Beach, CA decreased by 10.6% between October 2024 and November 2024. In November 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $825,128.

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

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