NOT LISTED FOR SALE

1017 Cerritos Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $1,097,000 - $1,321,000

8 Beds
4 Baths
3,654 Sq Ft
$337/Sq Ft Est. Value

Sale Details

Date Sold: September 13, 2016

Last sale price $730,000 $200 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,614 / mo

83 Days on Market

Highlights

  • Double Pane Windows
  • East Facing Home
  • Back Yard
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace
  • 3-minute walk to Craftsman Village Park

About This Home

As of September 2016

The Best 4 plex! This 1928 Vintage building comes with modern amenities, Two units share a private backyard; This four unit building each with 2 bed 1 bath . With a 6 minute drive to the beach, recessed lighting, double pain windows, newer plumbing, electrical, vinyl, and laminate fllooring. All copper plumbing, ABS drain pipes, automated sprinklers. And the bonus Refrigerator and stove included with building! This desirable, great looking investment property, 100% occupied, with GREAT TENANTS is ready to cash flow for one great low price.

Last Agent to Sell the Property

Daniel Latta

Premier Realty Associates License #01954883 Listed on: 08/16/2016

Last Buyer's Agent

Steven Nazaroff

Z PROPERTIES License #01029297

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 3,000 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Back Yard

Home Design

  • Composition Roof

Interior Spaces

  • 3,654 Sq Ft Home
  • Double Pane Windows
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 25 / A
  • Tax Tract Number 1
  • Assessor Parcel Number 7267005027

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $900
  • Other Expense $1,500
  • Water Sewer Expense $2,070
  • Gross Income $5,000
  • Net Operating Income $45,095

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 2070.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7267005027
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 199.78
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Pool Private: No
  • Roof: Composition

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Heating: Yes
  • Appliances: Disposal
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 3000.00
  • Price Per Lot Square Foot: 243.33

Multi Family

  • Gross Income: 5000.00
  • Gross Scheduled Income: 55800.00
  • Net Operating Income: 45095.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 10705.00
  • Operating Expense Percent: 19.00
  • Other Expense: 1500.00
  • Other Expense Description: Fire Ins
  • Rent Control: No

Tax Info

  • Tax Area: 1193
  • Tax Block: A
  • Tax Lot: 25
  • Tax Tract Number: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2023
Sold by
Bought by
Current Estimated Value
$1,229,743

Purchase Details

Listed on
Aug 16, 2016
Closed on
Sep 2, 2016
Sold by
Bought by
Seller's Agent
Daniel Latta
Premier Realty Associates
Buyer's Agent
Steven Nazaroff
Z PROPERTIES
List Price
$730,000
Sold Price
$730,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%

Purchase Details

Closed on
Aug 24, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,656
Interest Rate
0.045%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 22, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,813
Interest Rate
0.0509%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 28, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
0.0572%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 17, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,400
Interest Rate
0.0555%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,400
Interest Rate
0.0555%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,400
Interest Rate
0.0555%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$730,000 Ticor Title
-- Progressive Title
$485,000 Chicago Title Company
$200,000 North American Title Company
$585,000 First American Title Ins Co
$692,733 None Available
-- None Available
-- --
-- --
-- --
$797,000 Stewart Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $529,100
Previous Owner $470,656
Previous Owner $468,813
Previous Owner $468,000
Previous Owner $159,400
Previous Owner $637,600
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/13/2016 09/13/16 Sold $730,000 0.0% $200 / Sq Ft
08/17/2016 08/17/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $730,000 0.0% $200 / Sq Ft
06/03/2016 06/03/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $730,000 -- $200 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,663 $847,222 $591,896 $255,326
2024 $11,148 $830,611 $580,291 $250,320
2023 $10,957 $814,325 $568,913 $245,412
2022 $10,292 $798,358 $557,758 $240,600
2021 $10,072 $782,705 $546,822 $235,883
2019 $9,928 $759,492 $530,604 $228,888
2018 $9,658 $744,600 $520,200 $224,400
2016 $6,715 $528,844 $370,738 $158,106
2015 $6,453 $520,902 $365,170 $155,732
2014 $6,422 $510,699 $358,017 $152,682
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Daniel Latta

    Premier Realty Associates

  • S

    Buyer's Agent in 2016

    Steven Nazaroff

    Z PROPERTIES

    (949) 307-9280

    4 Total Sales

    Steven Nazaroff
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16112813

California Regional Multiple Listing Service (CRMLS)

APN: 7267-005-027

California Los Angeles County Long Beach 90813 Hellman

1017 Cerritos Ave, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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