NOT LISTED FOR SALE

1036 Cerritos Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $963,468 - $1,098,000

6 Beds
6 Baths
2,780 Sq Ft
$379/Sq Ft Est. Value

Sale Details

Date Sold: July 19, 2016

Last sale price $595,000 $214 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $6,543 / mo

13 Days on Market

About This Home

As of July 2016

GREAT INVESTMENT OPPORTUNITY! DUPLEX CONSISTING OF 2 UNITS - 3 BEDROOM/3 BATHROOM PLUS DEN AND 2 CAR GARAGE!! CONSTRUCTED IN 2000! THIS PROPERTY HAS NEW ELECTRICAL, NEW PLUMBING AND SO MUCH MORE. LONG TERM TENANTS AND LONG TERM OWNER SO RENTS ARE LOW. PLENTY OF UPSIDE. DON'T MISS OUT ON THIS INVESTMENT- IT WILL NOT LAST LONG! 4.9 CAP AND 13.8 X GROSS.

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 05/12/2016

Last Buyer's Agent

Kristina Moore

The Moore Group License #01926377 Listed on: 05/12/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 6,076 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,780 Sq Ft Home
  • Den with Fireplace
  • Bonus Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 45
  • Assessor Parcel Number 7267006035

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,700
  • Net Operating Income $30,192

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

6,076 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Property Type: Residential Income
  • Parcel Number: 7267006035
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Bonus Room, Den
  • Levels: Two
  • Price Per Square Foot: 214.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6076.00
  • Price Per Lot Square Foot: 97.93

Multi Family

  • Gross Income: 3700.00
  • Gross Multiplier: 13.00
  • Gross Scheduled Income: 44400.00
  • Net Operating Income: 30192.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 14208.00
  • Rent Control: No
  • Total Actual Rent: 3600.00

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 45

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
Jan 30, 2017
Sold by
Bought by
Current Estimated Value
$1,054,867

Purchase Details

Listed on
May 12, 2016
Closed on
May 25, 2016
Sold by
Bought by
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Kristina Moore
The Moore Group
List Price
$599,000
Sold Price
$595,000
Premium/Discount to List
-$4,000
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.88%
Original Mortgage
$446,250
Interest Rate
0.0366%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2002
Sold by
Bought by
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 Available
$595,000 North American 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 $446,250
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
07/19/2016 07/19/16 Sold $595,000 -0.7% $214 / Sq Ft
05/25/2016 05/25/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $599,000 -- $215 / 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 $9,555 $690,542 $487,443 $203,099
2024 $9,136 $677,003 $477,886 $199,117
2023 $8,983 $663,729 $468,516 $195,213
2022 $8,443 $650,716 $459,330 $191,386
2021 $8,266 $637,958 $450,324 $187,634
2019 $8,046 $619,038 $436,968 $182,070
2018 $7,737 $606,900 $428,400 $178,500
2016 $4,322 $342,557 $103,987 $238,570
2015 $4,154 $337,413 $102,426 $234,987
2014 $4,133 $330,804 $100,420 $230,384
Source: Public Records

Agents Affiliated with this Home

  • Kristina Moore

    Seller's Agent in 2016

    Kristina Moore

    The Moore Group

    (714) 809-7608

    1 in this area

    23 Total Sales

    Kristina Moore
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16101411

California Regional Multiple Listing Service (CRMLS)

APN: 7267-006-035

California Los Angeles County Long Beach 90813 Hellman

1036 Cerritos Ave, Long Beach, CA

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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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