Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
121 Total Sales
1 in Willmore
$189,000 Price
1035 Cedar Ave Long Beach, CA 90813
Willmore Neighborhood
6
Beds
5
Baths
4,141
Sq Ft
7,456
Sq Ft Lot
Highlights
- 0.17 Acre Lot
- Laundry Facilities
- 5-minute walk to K-9 Corner Dog Park
- 1 Car Garage
About This Home
As of August 20221035 Cedar Avenue is a 6 +1 non-conforming unit investment asset located in the up-and-coming Willmore Historic District. The property consists of a variety of unit types, including (1) 3 BD/2 BA, (1) 2 BD/1 BA, (3) 1 BD/1 BA, (1) studio, and (1) bachelor (no kitchen) unit. There is onsite laundry providing current income, as well two garages on the property and a driveway with tandem-parking potential. One of the garages provides the opportunity for a 1 BD / 1 BA ADU conversion that would increase rental income by $19,200 annually. Additional increased income potential can be achieved by converting the building to separate meters. The property is conveniently located adjacent to the many employment opportunities and modern conveniences of Downtown Long Beach. The location is also favorable to commuters with easy access to the 710 and 405 freeways as well as the Metro Blue Line, which runs from Long Beach to Downtown Los Angeles. This is an excellent opportunity for an investor to get into a neighborhood that is quickly gentrifying.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 05/31/2022
Last Buyer's Agent
Sam Alherech
Buckingham Investments, Inc License #02148135
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 7,456 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 1 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Driveway
Home Design
- Apartment
Interior Spaces
- 4,141 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Legal Lot and Block 4 / 5
- Tax Tract Number 5758
- Assessor Parcel Number 7272006013
Community Details
Overview
- 4 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $4,074
- Fuel Expense $4,074
- Gardener Expense $1,200
- Insurance Expense $2,485
- Maintenance Expense $3,500
- Other Expense $1,750
- Pest Control $700
- Professional Management Expense $4,549
- Trash Expense $4,074
- Water Sewer Expense $4,074
- New Taxes Expense $16,665
- Operating Expense $46,058
- Gross Income $89,177
- Net Operating Income $43,119
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
Listed on
May 31, 2022
Closed on
Jul 20, 2022
Sold by
Malu Sende Trust
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Sam Alherech
Buckingham Investments, Inc
List Price
$1,300,000
Sold Price
$1,100,000
Premium/Discount to List
-$200,000
-15.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2006
Sold by
Sende Karl M and Karl M Sende Trust
Bought by
Green Maria Lujan Sende and Malu Sende Trust
Purchase Details
Closed on
Jun 9, 2005
Sold by
Sende Karl M
Bought by
Sende Karl M and Karl M Sende Trust
Purchase Details
Closed on
Oct 28, 2003
Sold by
Abboud Jamal
Bought by
Kharrat Habib and Kharrat Helen
Purchase Details
Closed on
Jul 24, 2003
Sold by
Kharrat Habib and Kharrat Helen
Bought by
Lujan Sende Karl M and Lujan Sende Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
5.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 26, 2001
Sold by
Alaswad Fadia
Bought by
Abboud Jamal
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
6.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 20, 2001
Sold by
White Darryl
Bought by
Abboud Jamal and Kharrat Habib
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
6.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 9, 1995
Sold by
Fidelity Federal Bank Fsb
Bought by
White Darryl
Purchase Details
Closed on
Apr 19, 1995
Sold by
Holland Susan G and Fidelity Federal Bank Fsb
Bought by
Fidelity Federal Bank Fsb
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Willmore, CA
-
Mike Dunfee
-
Shaun Hurley
Shaun Hurley
Responds QuicklyColdwell Banker Realty
(949) 694-7557
59 Total Sales
2 in Willmore
$810,000 Price Range
-
Daniel DeForest
Daniel DeForest
First Team Real Estate
(657) 300-5786
158 Total Sales
1 in Willmore
$553,000 Price
-
Brad Hansen
Brad Hansen
ENRG Realty, Inc
(949) 570-5651
88 Total Sales
1 in Willmore
$580,000 Price
-
Katie Manes
Katie Manes
Keller Williams Realty
(626) 779-8568
24 Total Sales
1 in Willmore
$725,000 Price
-
Andrew York
Andrew York
Responds QuicklyPinnacle Estate Properties
(818) 647-9268
3 Total Sales
2 in Willmore
$439,000 Price Range
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 |
|---|---|---|---|
| $1,100,000 | Old Republic Title | ||
| Green Maria Lujan Sende | -- | None Available | |
| Sende Karl M | -- | -- | |
| Sende Maria Lujan | -- | -- | |
| Kharrat Habib | -- | Commerce Title Company | |
| Lujan Sende Karl M | $592,000 | Commerce Title Company | |
| Abboud Jamal | -- | Lawyers Title Company | |
| Abboud Jamal | $235,000 | Lawyers Title | |
| White Darryl | $110,000 | North American Title Co | |
| Fidelity Federal Bank Fsb | $100,000 | American Title Insurance Co |
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 |
|---|---|---|---|
| Open | $1,300,000 | ||
| Closed | 1035 Cedar Ave Property Llc | $1,343,927 | |
| Closed | 1035 Cedar Ave Property Llc | $1,225,000 | |
| Previous Owner | Lujan Sende Karl M | $234,000 | |
| Previous Owner | Abboud Jamal | $176,250 | |
| Previous Owner | White Darryl | $161,000 | |
| Previous Owner | White Darryl C | $150,000 |
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 |
|---|---|---|---|---|
| 08/23/2022 08/23/22 | Sold | $1,100,000 | -4.3% | $266 / Sq Ft |
| 07/19/2022 07/19/22 | Pending | -- | -- | -- |
| 07/06/2022 07/06/22 | Price Changed | $1,150,000 | -11.5% | $278 / Sq Ft |
| 05/31/2022 05/31/22 | For Sale | $1,300,000 | -- | $314 / 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 |
|---|---|---|---|---|
| 2026 | $16,087 | $1,167,328 | $689,785 | $477,543 |
| 2025 | $16,087 | $1,144,440 | $676,260 | $468,180 |
| 2024 | $15,373 | $1,122,000 | $663,000 | $459,000 |
| 2023 | $14,175 | $1,100,000 | $650,000 | $450,000 |
| 2022 | $12,164 | $917,350 | $536,947 | $380,403 |
| 2021 | $11,899 | $899,364 | $526,419 | $372,945 |
| 2020 | $13,904 | $890,663 | $521,022 | $369,641 |
| 2019 | $11,729 | $873,210 | $510,806 | $362,404 |
| 2018 | $11,386 | $856,100 | $500,791 | $355,309 |
| 2017 | $11,265 | $838,805 | $490,972 | $347,833 |
| 2016 | $10,478 | $822,359 | $481,346 | $341,013 |
| 2015 | $10,070 | $810,007 | $474,116 | $335,891 |
| 2014 | $10,021 | $794,141 | $464,829 | $329,312 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Seller's Agent in 2022
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
5 in this area
80 Total Sales
-
SA
Buyer's Agent in 2022
Sam Alherech
Buckingham Investments, Inc
-
Malcolm Zeger
Buyer Co-Listing Agent in 2022
Malcolm Zeger
Buckingham Investments, Inc
(626) 483-7983
1 in this area
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22115594
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.
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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