NOT LISTED FOR SALE

1033 Cerritos Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $951,000 - $1,175,000

5 Beds
4 Baths
2,254 Sq Ft
$474/Sq Ft Est. Value

Last Sold June 05, 2013

Last sale price $485,000 $215 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $6,240/month

12 Days on Market

Highlights

  • Wall Furnace
  • Front Yard
  • 3-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2013

Standard Sale. Great for rental property or first time buyers. Front house features 2 spacious bedrooms 1 bath. Back 3 units are 1 bedroom 1 bath each. Under units is a two car garage. In back of front house is a garage conversion being used as studio. Buyer and buyer's agent to verify permits.

Last Agent to Sell the Property

Javier Guevara

Parkview, REALTORS License #01428572 Listed on: 04/03/2013

Last Buyer's Agent

Phoebe Choong

CMF Real Estate Capital Group License #01324487

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,739 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,254 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Gas Cooktop
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 7267005017

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,572
  • Insurance Expense $1,380
  • Trash Expense $260
  • Water Sewer Expense $1,104
  • New Taxes Expense $4,000
  • Gross Income $3,475
  • Net Operating Income $2,961

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1104.00
  • Property Type: Residential Income
  • Parcel Number: 7267005017
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 215.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Trash Expense: 260.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6739.00
  • Lot Size Acres: 0.1550

Multi Family

  • Electric Expense: 1572.00
  • Gross Income: 3475.00
  • Gross Scheduled Income: 41700.00
  • Insurance Expense: 1380.00
  • Lot Size Area: 6739.0000 Square Feet
  • Net Operating Income: 2961.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 968.00
  • Other Income Description: Studio $595
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2013
Closed on
May 3, 2013
Sold by
Gated Properties Llc
Bought by
Barua Priyaranjan and Barua Smriti P
Seller's Agent
Javier Guevara
Parkview, REALTORS
Buyer's Agent
Phoebe Choong
CMF Real Estate Capital Group
List Price
$484,700
Sold Price
$485,000
Premium/Discount to List
$300
0.06%
Current Estimated Value
$1,069,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$584,280
Avg. Annual Appreciation
6.45%
Original Mortgage
$339,500
Outstanding Balance
$239,380
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$829,900

Purchase Details

Closed on
Mar 17, 2009
Sold by
Us Bank National Association
Bought by
Gated Properties Llc

Purchase Details

Closed on
Feb 5, 2009
Sold by
Chin Ida T
Bought by
Us Bank National Association

Purchase Details

Closed on
Jan 27, 2005
Sold by
Serrano Roderico
Bought by
Chin Ida T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2002
Sold by
Hud
Bought by
Serrano Roderico

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.78%

Purchase Details

Closed on
Dec 8, 2000
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Jun 19, 2000
Sold by
Torres Erasmo and Torres Alicia O
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Sep 24, 1997
Sold by
Ochoa Ofella Detorres
Bought by
Ochoa Erasto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,243
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 1997
Sold by
Sanchez Palemon
Bought by
Ochoa Torres Erasmo and Ochoa Torres Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,243
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Sanchez Palemon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.86%

Purchase Details

Closed on
Oct 7, 1996
Sold by
Kreng Jack K and Tea Sandra S
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Date Buyer Sale Price Title Company
Barua Priyaranjan $485,000 Title 365
Gated Properties Llc $311,000 Chicago Title Company
Us Bank National Association $305,283 None Available
Chin Ida T $659,000 Southland Title Company
Serrano Roderico $198,000 First Southwestern Title Co
Hud $234,702 --
Homeside Lending Inc $234,702 --
Ochoa Erasto -- South Coast Title
Ochoa Torres Erasmo $212,000 South Coast Title
Sanchez Palemon $119,000 Investors Title Company
Home Svgs Of America Fsb $112,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barua Priyaranjan $339,500
Previous Owner Chin Ida T $527,200
Previous Owner Serrano Roderico $168,000
Previous Owner Ochoa Torres Erasmo $205,243
Previous Owner Sanchez Palemon $120,000
Closed Chin Ida T $98,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2013 06/05/13 Sold $485,000 +0.1% $215 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
04/03/2013 04/03/13 For Sale $484,700 -- $215 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $8,119 $597,232 $418,680 $178,552
2024 $8,119 $585,522 $410,471 $175,051
2023 $7,978 $574,042 $402,423 $171,619
2022 $7,504 $562,787 $394,533 $168,254
2021 $7,345 $551,753 $386,798 $164,955
2020 $7,326 $546,346 $382,832 $163,514
2019 $7,241 $535,639 $375,326 $160,313
2018 $6,961 $525,142 $367,967 $157,175
2016 $6,410 $504,512 $353,679 $150,833
2015 $6,160 $496,935 $348,367 $148,568
2014 $6,133 $487,201 $341,543 $145,658
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Javier Guevara

    Parkview, REALTORS

  • Phoebe Choong

    Buyer's Agent in 2013

    Phoebe Choong

    CMF Real Estate Capital Group

    (562) 761-6959

    1 in this area

    21 Total Sales

    Phoebe Choong
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13059035

California Regional Multiple Listing Service (CRMLS)

APN: 7267-005-017

California Los Angeles County Long Beach 90813 Hellman

1033 Cerritos Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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