M
Seller's Agent in 2021
Michael Borba
Borba Investment Realty
(562) 924-3858
8 Total Sales
1061 Cerritos Ave Long Beach, CA 90813
Hellman NeighborhoodEstimated Value: $1,229,000 - $1,338,000
8
Beds
4
Baths
2,964
Sq Ft
$433/Sq Ft
Est. Value
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 in unit
- 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
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
Apr 7, 2016
Closed on
Jun 13, 2016
Sold by
Bought by
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
$385,600
Avg. Annual Appreciation
3.63%
Original Mortgage
$671,250
Outstanding Balance
$532,789
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$751,811
Purchase Details
Listed on
Apr 7, 2016
Closed on
Jun 9, 2016
Sold by
Bought by
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
$751,811
Purchase Details
Listed on
Jan 22, 2016
Closed on
Feb 3, 2016
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
May 21, 2008
Sold by
Bought by
Purchase Details
Closed on
Jun 30, 2004
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
$430,500
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 13, 2004
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
$430,500
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 17, 2003
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
$309,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 15, 2003
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
$309,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 27, 2000
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
$273,173
Interest Rate
8.26%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 24, 1999
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | ||
| $895,000 | Ortc Irv | ||
| $600,000 | None Available | ||
| $491,143 | None Available | ||
| -- | None Available | ||
| -- | Landsafe Title Company | ||
| $615,000 | Landsafe Title Company | ||
| -- | -- | ||
| -- | -- | ||
| $275,000 | Commonwealth Land Title | ||
| $166,100 | -- |
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 | $671,250 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $430,500 | ||
| Previous Owner | $309,000 | ||
| Previous Owner | $309,000 | ||
| Previous Owner | $273,173 | ||
| Closed | $123,000 |
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 | 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
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 | $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 Total Sale
-
Janet Stearns
Buyer's Agent in 2021
Janet Stearns
Compass
(310) 480-1167
74 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
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