1980 Chestnut Avenue

Long Beach, CA 90806

$1,435,000
Price
8
Beds
4
Baths
3,534 Sq. Ft.
$406 / Sq. Ft.
3,534
Sq. Ft.
$406
per Sq. Ft.

Description

Great rental areas, 4 units in total. Four 2 bedroom 1 bath units. Tenants pay electrical and gas. NOTE: Seller does not intend a 1031 tax deferred exchangeGreat rental areas, 4 units in total. Four 2 bedroom 1 bath units. Tenants pay electrical and gas. NOTE: Seller does not intend a 1031 tax deferred exchange
  1. Listed by Derrick Coleman • DRE #01224623 • Brokerage DRE #01224623 • D & D Properties • 714-982-4600

Property Details for 1980 Chestnut Avenue

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3534
Assessor Parcel Number
7209-026-003
LISTING UPDATED: 11/08/2024 07:09 AM

Property Details for 1980 Chestnut Avenue

StatusActive
MLS #PW24230586
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
CountyLos Angeles County

Building Information for 1980 Chestnut Avenue

Building/Complex1980 Chestnut AveFloor-Stories2Residences-Pet Policy-Year Built1947Building Size-

Property Information for 1980 Chestnut Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $90,000
  • Gross Scheduled Income: $99,000
  • Net Operating Income: $90,000
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $9,000
  • Fuel Expense: $1,000
  • Electric Expense: $1,000
  • Insurance Expense: $2,100
  • Professional Management Expense: $100
  • Trash Expense: $300
  • Water Sewer Expense: $2,400
  • Total Expenses: $2,400
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 573...
  • Tax Census Tract: 5730.04
  • CFD/Mello-Roos Fee: $810
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Baseboard
  • Heating: Baseboard
  • Heat Equipment: Baseboard
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • Property Condition: Repairs Cosmetic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Builders Tract Name: Wrigley Area
  • Builders Tract Code: Wrigley Area (WR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 1980 Chestnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1980 Chestnut Avenue

Taxable ValueLand$81,418Additions$162,264Total$243,682
Tax Record2024$3,854 ($321 / month)
Home Facts
Total Finished SqFt3,534 SqFtAbove Grade Finished SqFt3,534 SqFtLot Size4,150 SqFtStyleQuadraplexYear Built1947ZoningLBR2NCountyLOS ANGELESAPN7209-026-003

Schools near 1980 Chestnut Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lafayette Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1980 Chestnut Avenue is a multi-family home for sale in Long Beach, CA 90806. This property was listed for sale on November 8, 2024 by D & D Properties, it's currently listed at $1,435,000. This listing's school district is Long Beach Unified School District. Nearby schools include Lafayette Elementary School, Washington Middle School and Cabrillo High School. 1980 Chestnut Avenue is a 8-bed, 4-bath, 3,534 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of D & D Properties, Derrick Coleman, DRE #01224623

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.