SOLD 03/28/2024
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Home sold for $750,000 in 42 days
1584 Chestnut Ave Long Beach, CA, 90813
Off the market 5 beds 2,132 sqft
1584 Chestnut Avenue is a 2-unit multifamily investment opportunity located in Long Beach, CA. Situated on a 0.17-acre parcel, 1584 Chestnut Avenue offers a spacious three-bedroom home with a two-car garage in the front and a two-bedroom apartment above 4 garage spaces in the rear of the property. These garage spaces offer ownership the opportunity for significant additional income through the rental of the extra garage spaces. The property represents a unique value-add opportunity with ample upside. With current rents below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. 1584 Chestnut Avenue benefits from its excellent location, just North of Downtown Long Beach, providing residents with convenient access to an abundance of retail, dining, and entertainment options, as well as employers. 1584 Chestnut Avenue is available in conjunction with the adjacent 11-unit property located at 1600 Chestnut Avenue.
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Property details
2,132 sqft interior area
Property type
Home
Interior area
2,132 sqft
Land area
7,405 sqft (0.17 acres)
Price per sqft
$351/sqft
Address
1584 Chestnut Ave, Long Beach, CA, 90813
City of California
Long Beach
County
Los Angeles
Sold price
$750,000
nr.of parking places
6
Year Built
1953
District
Listing
Open Houses
No upcoming open houses
Interior Features
6 parking places
Beds
5
Parking
6
Laundry Features
Dryer, Washer
Listed by
Tyler Leeson, Marcus & Millichap RE Invest
Name
Tyler Leeson
License number
01451551
Brokerage company
Marcus & Millichap RE Invest
MLS #
CROC24033408
Buyer agent
Name
Minh Huynh
Brokerage company
COLDWELL BANKER DYNASTY/TC
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Calculate your monthly payments
Mortgage
$2,303
Taxes
$0
HOA dues
$0
Mortgage
$150,000 / 20%
2.28%
30 years
Your amount
$2,303 / month
Lot details
TMK #7269039009
Lot Description
Other
Parcel nr.
7269039009
90813 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90813
45%
Families with children
National average: 39%
47%
Non family households
414,147
Population
$82,361
Average Income
Age & gender
Median age 34 years
More info
Commute types
79% commute by car
More info
Education level
20% have not graduated education
More info
Number of employees
2% work in management
More info
Vehicles available
47% have 1 vehicle
More info
Vehicles by gender
47% have 1 vehicle
More info
Housing market insights for
$829.83k
Neighborhood average
sales price*
sales price*
$641.4k
Neighborhood median
sales price*
sales price*
519
Number
of sales*
of sales*
Housing type
32% are small apartments
More info
Rooms
39% of the houses have 4 or 5 rooms
More info
Bedrooms
47% have 2 or 3 bedrooms
More info
Owners vs Renters
71% are renters
More info
14.83 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Mar 28, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 28, 2024 | Sold | $750,000 | 351.78 | Public Record |
| Mar 21, 2024 | Pending | $750,000 | 351.78 | MLS #CROC24033408 |
| Mar 6, 2024 | Under contract | $750,000 | 351.78 | MLS #CROC24033408 |
| Mar 1, 2024 | For sale | $750,000 | 351.78 | MLS #CROC24033408 |
| Feb 19, 2024 | Under contract | $750,000 | 351.78 | MLS #CROC24033408 |
| Feb 16, 2024 | New Listing | $750,000 | 351.78 | MLS #CROC24033408 |
Taxes of 1584 Chestnut Ave, Long Beach, CA, 90813
LBR4 zoning / MLS #CROC24033408
Zoning
LBR4
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Frequently Asked Questions about 1584 Chestnut Ave
What is 1584 Chestnut Ave?
1584 Chestnut Ave, Long Beach, CA, 90813 is a single family home located in the city of Long Beach, California with zipcode 90813. This single family home has 5 bedrooms with an interior area of 2,132 sqft.
Which year was this home built?
This home was build in 1953.
Which year was this property last sold?
This property was sold in 2024.
What is the full address of this Home?
1584 Chestnut Ave, Long Beach, CA, 90813.
Are grocery stores nearby?
The closest grocery stores are Superior Grocery, 0.6 miles away and El Super, 1.11 miles away.
What is the neighborhood like?
The 90813 zip area has a population of 414,147, and 45% of the families have children. The median age is 34.85 years and 79% commute by car. The most popular housing type is "small apartment" and 71% is renter.
Based on information from the bridgeMLS as of 04-27-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 28, 2024
Verhouse Last checked 6 minutes ago
The closest grocery stores are Superior Grocery, 0.6 miles away and El Super, 1.11 miles away.
The 90813 zip area has a population of 414,147, and 45% of the families have children. The median age is 34.85 years and 79% commute by car. The most popular housing type is "small apartment" and 71% is renter.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
