M
Seller's Agent in 2021
Michael Borba
Borba Investment Realty
(562) 924-3858
1 in this area
10 Total Sales
1061 Cerritos Ave Long Beach, CA 90813
Hellman NeighborhoodEstimated Value: $1,168,000 - $1,549,000
8
Beds
4
Baths
2,964
Sq Ft
$460/Sq Ft
Est. Value
Highlights
- Laundry Room
- Long Beach Polytechnic High School Rated A
- 3-minute walk to Craftsman Village Park
About This Home
As of January 2021This 4 UNIT BUILDING was built in 1984 and fully remodeled in 2018 - very low maintenance expenses. Four units are comprised of four 2 bedroom 1 bathroom units. The current owner invested a substantial amount in extensive renovation. The exterior of the building has recently been painted and the roof replaced. The stairs and balconies have been replaced. There may be the possibility of adding an ADU in the very large parking area. The property has all newer vinyl windows as well as sliding glass doors. Interiors have been repainted and upgraded the units have all new flooring. Two upstairs units have entirely new kitchens and new bathrooms. The property is near the Port of Long Beach, with convenient access to California State University, Long Beach & Long Beach City College. Please contact listing agent for more property information
Last Agent to Sell the Property
Borba Investment Realty License #01380572 Listed on: 10/08/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 6,744 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
Interior Spaces
- 2,964 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
Utilities
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, water
- Legal Lot and Block 10 / A
- Assessor Parcel Number 7267005011
Community Details
Overview
- 4 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $156
- Fuel Expense $144
- Gardener Expense $480
- Insurance Expense $1,200
- Maintenance Expense $3,117
- Water Sewer Expense $1,300
- New Taxes Expense $13,737
- Operating Expense $20,627
- Gross Income $80,352
- Net Operating Income $57,314
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2016
Closed on
Jun 13, 2016
Sold by
Noriega Rufo M
Bought by
Noriega Family Trust
Seller's Agent
Jason Kirklen
Morgan Skenderian
Buyer's Agent
Jason Kirklen
Morgan Skenderian
List Price
$950,000
Sold Price
$899,000
Premium/Discount to List
-$51,000
-5.37%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,154
Avg. Annual Appreciation
4.46%
Original Mortgage
$671,250
Outstanding Balance
$532,789
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$830,365
Purchase Details
Listed on
Apr 7, 2016
Closed on
Jun 9, 2016
Sold by
Jorgensen Keith
Bought by
Noriega Rufo M and Noriega Carmen O
Seller's Agent
Jason Kirklen
Morgan Skenderian
Buyer's Agent
Jason Kirklen
Morgan Skenderian
List Price
$950,000
Sold Price
$899,000
Premium/Discount to List
-$51,000
-5.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,250
Outstanding Balance
$532,789
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$830,365
Purchase Details
Listed on
Jan 22, 2016
Closed on
Feb 3, 2016
Sold by
The Bank Of New York Mellon
Bought by
The Jorgensen Family Trust
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Jason Kirklen
Morgan Skenderian
List Price
$599,900
Sold Price
$600,000
Premium/Discount to List
$100
0.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
207.47%
Original Mortgage
$500,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 13, 2015
Sold by
Hammond Robert H
Bought by
The Bank Of New York Mellon and The Bank Of New York
Purchase Details
Closed on
May 21, 2008
Sold by
Hammond Robert H
Bought by
Jjj Group Llc and The Cerritos Avenue Land Trust
Purchase Details
Closed on
Jun 30, 2004
Sold by
Hammond Irma Arely
Bought by
Hammond Robert H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,500
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 13, 2004
Sold by
Trejo Martin
Bought by
Hammond Robert H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,500
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 17, 2003
Sold by
Trejo Martin
Bought by
Trejo Martin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 15, 2003
Sold by
Trejo Monica
Bought by
Trejo Martin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 27, 2000
Sold by
Padilla Michael
Bought by
Trejo Martin and Trejo Esteban
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,173
Interest Rate
8.26%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 24, 1999
Sold by
Kaing Huynh T
Bought by
Padilla Michael and Padilla Bertha
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Noriega Family Trust | -- | None Available | |
| Noriega Rufo M | $895,000 | Ortc Irv | |
| The Jorgensen Family Trust | $600,000 | None Available | |
| The Bank Of New York Mellon | $491,143 | None Available | |
| Jjj Group Llc | -- | None Available | |
| Hammond Robert H | -- | Landsafe Title Company | |
| Hammond Robert H | $615,000 | Landsafe Title Company | |
| Trejo Martin | -- | -- | |
| Trejo Martin | -- | -- | |
| Trejo Martin | $275,000 | Commonwealth Land Title | |
| Padilla Michael | $166,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Noriega Rufo M | $671,250 | |
| Previous Owner | The Jorgensen Family Trust | $500,000 | |
| Previous Owner | Hammond Robert H | $430,500 | |
| Previous Owner | Trejo Martin | $309,000 | |
| Previous Owner | Trejo Martin | $309,000 | |
| Previous Owner | Trejo Martin | $273,173 | |
| Closed | Hammond Robert H | $123,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/29/2021 01/29/21 | Sold | $1,084,000 | -1.4% | $366 / Sq Ft | |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- | |
| 10/08/2020 10/08/20 | For Sale | $1,099,000 | +22.2% | $371 / Sq Ft | |
| 06/23/2016 06/23/16 | Sold | $899,000 | -5.4% | $303 / Sq Ft | View Prior Sale |
| 05/24/2016 05/24/16 | Pending | -- | -- | -- | |
| 04/07/2016 04/07/16 | For Sale | $950,000 | +58.3% | $321 / Sq Ft | |
| 02/11/2016 02/11/16 | Sold | $600,000 | 0.0% | $225 / Sq Ft | View Prior Sale |
| 02/01/2016 02/01/16 | Pending | -- | -- | -- | |
| 01/22/2016 01/22/16 | For Sale | $599,900 | -- | $225 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $15,828 | $1,173,354 | $763,114 | $410,240 |
| 2024 | $15,126 | $1,150,348 | $748,151 | $402,197 |
| 2023 | $14,871 | $1,127,793 | $733,482 | $394,311 |
| 2022 | $13,961 | $1,105,680 | $719,100 | $386,580 |
| 2021 | $12,430 | $978,811 | $688,996 | $289,815 |
| 2020 | $12,398 | $968,776 | $681,932 | $286,844 |
| 2019 | $12,253 | $949,781 | $668,561 | $281,220 |
| 2018 | $11,887 | $931,158 | $655,452 | $275,706 |
| 2016 | $8,747 | $609,150 | $426,405 | $182,745 |
| 2015 | $23,665 | $550,000 | $357,700 | $192,300 |
| 2014 | $6,862 | $550,000 | $357,700 | $192,300 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Borba
-
Sonya Borba
Seller Co-Listing Agent in 2021
Sonya Borba
Borba Investment Realty
(310) 922-2711
1 in this area
3 Total Sales
-
Janet Stearns
Buyer's Agent in 2021
Janet Stearns
Compass
(310) 480-1167
1 in this area
72 Total Sales
-
L
Seller's Agent in 2016
Leo Nordine
Nordine Realtors, Inc.
-
J
Seller's Agent in 2016
Jason Kirklen
Morgan Skenderian
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS20212203
APN: 7267-005-011
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
Nearby Homes
- 1082 Lewis Ave
- 1100 E 10th St
- 911 E 10th St
- 943 N Washington Place Unit 4
- 823 E 10th St
- 1047 E Brenner Place
- 1403 Lemon Ave
- 1350 E 8th St
- 1438 E 9th St Unit 2
- 1528 E 11th St
- 717 E 8th St
- 1340 Gundry Ave
- 1416 Orange Ave
- 1390 Gundry Ave
- 728 Lime Ave
- 836 Atlantic Ave
- 721 E 7th St
- 1083 Gaviota Ave
- 1237 E 6th St Unit 110
- 1237 E 6th St Unit 106
- 1069 Cerritos Ave
- 1049 Cerritos Ave
- 1075 Cerritos Ave
- 1043 Cerritos Ave
- 1039 Cerritos Ave
- 1085 Cerritos Ave
- 1033 Cerritos Ave
- 1037 Cerritos Ave
- 1060 Alamitos Ave
- 1066 Alamitos Ave
- 1035 Cerritos Ave
- 1054 Alamitos Ave
- 1060 Cerritos Ave
- 1029 Cerritos Ave
- 1088 Alamitos Ave
- 1050 Cerritos Ave
- 1164 E 11th St
- 1158 E 11th St
- 1044 Cerritos Ave
- 1042 Cerritos Ave