NOT LISTED FOR SALE

1086 Cherry Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $690,000 - $949,000

3 Beds
3 Baths
2,280 Sq Ft
$345/Sq Ft Est. Value

Last Sold June 06, 2016

Last sale price $450,000 $197 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,740/month

123 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Front Yard
  • Woodrow Wilson High School Rated A

About This Home

As of June 2016

Located in the heart of potential rental area, accessible to Bank, food shopping and transportations, currently full rented, less vacancy rate in the no rent control City. Back unit is over 4 car garage. Driveway is common use with adjacent property.

Last Agent to Sell the Property

Jim Suos

First American Team Realty Inc License #01240200 Listed on: 11/20/2015

Last Buyer's Agent

Barbara Betts

The RECollective License #01391934

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,709 Sq Ft Lot
  • No Units Located Below
  • 1 Common Wall
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Uncovered Parking

Home Design

  • 2,280 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5769
  • Assessor Parcel Number 7262008004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $440
  • Water Sewer Expense $1,200
  • Gross Income $2,800
  • Net Operating Income $30,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 7262008004
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Below
  • Price Per Square Foot: 197.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 440.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 5709.00
  • Price Per Lot Square Foot: 78.82
  • Lot Size Acres: 0.1310

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5709.0000 Square Feet
  • Net Operating Income: 30120.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3480.00
  • Rent Control: No

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 5769

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2016
Sold by
Lim Muoy Sroy
Bought by
Flanigan Scott
Current Estimated Value
$787,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,675
Interest Rate
3.59%
Mortgage Type
VA

Purchase Details

Closed on
Dec 21, 2010
Sold by
Mandalia Shelina
Bought by
Lim Muoy Sroy

Purchase Details

Closed on
Dec 8, 2008
Sold by
Npl Investment Trust 1
Bought by
Mandalia Shelina

Purchase Details

Closed on
Oct 29, 2007
Sold by
Fitzgerald Michele
Bought by
Npl Investment Trust I

Purchase Details

Closed on
Jul 14, 2006
Sold by
Delemos Scott and Miller Jeri
Bought by
Fitzgerald Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2004
Sold by
Miller Jeri
Bought by
Delemos Scott and Miller Jeri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
5.07%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 19, 2004
Sold by
Delemos Scott
Bought by
Miller Jeri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
5.07%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 27, 2004
Sold by
Miller Jeri
Bought by
Delemos Scott and Miller Jeri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
5.07%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 12, 2003
Sold by
Delemos Scott P
Bought by
Miller Jeri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,800
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2002
Sold by
Delemos Sharon
Bought by
Delemos Scott P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.22%

Purchase Details

Closed on
Sep 2, 2002
Sold by
Dauk Philip L
Bought by
Miller Jeri and Delemos Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.22%
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
Flanigan Scott $450,000 Ticor Title Company
Lim Muoy Sroy $365,000 Chicago Title Company
Mandalia Shelina $250,000 None Available
Npl Investment Trust I $567,300 None Available
Fitzgerald Michelle $695,000 Gateway Title Company
Delemos Scott -- --
Miller Jeri -- Diversified Title & Escrow S
Delemos Scott -- --
Miller Jeri -- Ort
Delemos Scott P -- Chicago Title Co
Miller Jeri $225,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flanigan Scott $459,675
Previous Owner Fitzgerald Michelle $556,000
Previous Owner Miller Jeri $279,000
Previous Owner Miller Jeri $268,800
Previous Owner Miller Jeri $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2016 06/06/16 Sold $450,000 -14.3% $197 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
11/20/2015 11/20/15 For Sale $525,000 -- $230 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $7,407 $532,703 $295,947 $236,756
2024 $7,407 $522,259 $290,145 $232,114
2023 $7,274 $512,019 $284,456 $227,563
2022 $6,842 $501,980 $278,879 $223,101
2021 $6,481 $492,138 $273,411 $218,727
2020 $6,464 $487,093 $270,608 $216,485
2019 $6,389 $477,543 $265,302 $212,241
2018 $6,153 $468,180 $260,100 $208,080
2016 $5,019 $394,697 $173,161 $221,536
2015 $4,824 $388,769 $170,560 $218,209
2014 $4,803 $381,154 $167,219 $213,935
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jim Suos

    First American Team Realty Inc

    Section Image
  • Barbara Betts

    Buyer's Agent in 2016

    Barbara Betts

    The RECollective

    (562) 208-1582

    1 in this area

    47 Total Sales

    Barbara Betts
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15251966

California Regional Multiple Listing Service (CRMLS)

APN: 7262-008-004

California Los Angeles County Long Beach 90804 Hellman

1086 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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