NOT LISTED FOR SALE

1129 Cherry Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated Value: $1,432,000 - $1,871,000

9 Beds
4 Baths
4,480 Sq Ft
$355/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2013

Last sale price $725,000 $162 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $9,464 / mo

24 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A

About This Home

As of December 2013

*****Standard Sale**** GREAT BUILDING IN THE HEART OF LONG BEACH. THIS IS A FOUR UNIT COMPLEX WITH THREE 2 BEDROOM 1.5 BATHROOM UNITS AND ONE 3 BEDROOM 1.5 BATH UNIT. WELL UP KEPT AND FULLY RENTED. SAME OWNER FOR THE PAST 14 YEARS. BUILDING INCLUDES 1 TWO CAR AND 3 ONE CAR GARAGES AND COIN OP LAUNDRY. THIS BUILDING WILL NOT LAST ON THE MARKET, DO NOT LET THE OPPORTUNITY TO OWN GREAT INCOME PROPERTY IN LONG BEACH PASS YOU BY.

Last Agent to Sell the Property

Christopher Livingston

The Livingston Group Inc License #01891045 Listed on: 09/24/2013

The Livingston Group Inc

Last Buyer's Agent

Mark Fong

Golden Mountain Realty License #00996949

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,532 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 12
  • Tax Tract Number 5764
  • Assessor Parcel Number 7261031012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Maintenance Expense $4,496
  • Other Expense $2,549
  • Professional Management Expense $3,591
  • Gross Income $451
  • Net Operating Income $18,641

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

6,532 Sq Ft Lot

Parking

5

Listing Details

  • Professional Management Expense: 3591.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Sunflower
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7261031012
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 161.83

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 6532.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 1000
  • Average3 Bed Area: 1000
  • Gross Income: 451.00
  • Gross Scheduled Income: 61765.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6532.0000 Square Feet
  • Maintenance Expense: 4496.00
  • Net Operating Income: 18641.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 43123.00
  • Other Expense: 2549.00
  • Other Expense Description: Utilitie
  • Rent Control: No
  • Total Actual Rent: 61314.00

Tax Info

  • Tax Area: 11933
  • Tax Lot: 12
  • Tax Tract Number: 5764
  • Tax Year: 2012

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
Jun 15, 2020
Sold by
Bought by
Current Estimated Value
$1,588,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Outstanding Balance
$424,364
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,164,611

Purchase Details

Listed on
Sep 24, 2013
Closed on
Dec 20, 2013
Sold by
Bought by
Seller's Agent
Christopher Livingston
The Livingston Group Inc
Buyer's Agent
Mark Fong
Golden Mountain Realty
List Price
$749,900
Sold Price
$725,000
Premium/Discount to List
-$24,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$543,750
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2013
Closed on
Dec 17, 2013
Sold by
Bought by
Seller's Agent
Christopher Livingston
The Livingston Group Inc
Buyer's Agent
Mark Fong
Golden Mountain Realty
List Price
$749,900
Sold Price
$725,000
Premium/Discount to List
-$24,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2010
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
$324,000
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2006
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 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
$355,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 1998
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
$175,500
Interest Rate
7.16%

Purchase Details

Closed on
Dec 18, 1997
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
$175,500
Interest Rate
7.16%

Purchase Details

Closed on
Nov 26, 1997
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
$175,500
Interest Rate
7.16%
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
-- Pacific Coast Title Company
-- None Available
$725,000 Ortc
-- Accommodation
-- Lsi
-- None Available
$500,000 Southland Title Company
-- --
$195,000 --
$196,000 Stewart Title
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 $484,000
Previous Owner $543,750
Previous Owner $324,000
Previous Owner $355,000
Previous Owner $175,500
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
12/23/2013 12/23/13 Sold $725,000 -3.3% $162 / Sq Ft
10/18/2013 10/18/13 Pending -- -- --
09/24/2013 09/24/13 For Sale $749,900 -- $167 / 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 $12,372 $888,741 $367,754 $520,987
2024 $11,841 $871,316 $360,544 $510,772
2023 $11,642 $854,232 $353,475 $500,757
2022 $10,944 $837,484 $346,545 $490,939
2021 $10,710 $821,063 $339,750 $481,313
2020 $10,681 $813,845 $336,267 $477,578
2019 $10,558 $797,912 $329,674 $468,238
2018 $10,191 $782,291 $323,210 $459,081
2016 $9,360 $750,761 $310,660 $440,101
2015 $8,991 $739,485 $305,994 $433,491
2014 $8,940 $725,000 $300,000 $425,000
Source: Public Records

Agents Affiliated with this Home

  • Christopher Livingston

    Seller's Agent in 2013

    Christopher Livingston

    The Livingston Group Inc

    (562) 726-4056

    64 Total Sales

    Christopher Livingston
    Section Image

  • M

    Buyer's Agent in 2013

    Mark Fong

    Golden Mountain Realty

    Section Image

  • M

    Buyer's Agent in 2013

    Mary Fong

    Mary Fong

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13194749

California Regional Multiple Listing Service (CRMLS)

APN: 7261-031-012

California Los Angeles County Long Beach 90804 Cambodia Town

1129 Cherry 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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