NOT LISTED FOR SALE

1138 Gardenia Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated Value: $1,255,000 - $1,479,684

12 Beds
8 Baths
3,990 Sq Ft
$349/Sq Ft Est. Value

Last Sold July 12, 2017

Last sale price $870,000 $218 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $8,651/month

28 Days on Market

About This Home

As of July 2017

The subject property consists of four (4) apartment units located near the intersection of Cherry Avenue and Anaheim Street in the city of Long Beach. Each unit is comprised of 3-Bedrooms and 2-Bathrooms. The property has excellent in-place rents with continued upside. An investor has a great opportunity to purchase a property with good cashflow and immediately raise rents to further increase if desired.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 04/12/2017

Remax Commercial and Investment Realty

Last Buyer's Agent

Omar Gudino

MViP License #01738372

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,044

Year Built

  • Built in 1923

Lot Details

  • 6,457 Sq Ft Lot

Interior Spaces

  • 3,990 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7261-031-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,044

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3990
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 219.30

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Lot Info

  • Assessed Improvement Value: 228850
  • Assessed Land Value: 275661
  • Assessor Parcel Number: 7261-031-019
  • Geocode Override: No
  • Lot Size Area: 6457

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.20
  • Number Of Units: 4
  • Total Annual Expense: 24632
  • Type Of Units: Multi-Family
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2017
Sold by
Araya Aron
Bought by
Moncada Stuart T
Current Estimated Value
$1,390,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$854,242
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 19, 2016
Closed on
May 23, 2016
Sold by
L A R Global Investments Inc
Bought by
Araya Aron and Tesfay Saba
Seller's Agent
Gustavo Rico
NT & Associates, Inc.
Buyer's Agent
Mesfin Beyene
TM Real Estate Brokers
List Price
$813,000
Sold Price
$727,468
Premium/Discount to List
-$85,532
-10.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$545,600
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2012
Sold by
Retana Melisa F
Bought by
Lar Global Investments Inc

Purchase Details

Closed on
Apr 18, 2012
Sold by
Retana Gonzalo
Bought by
Retana Melisa F

Purchase Details

Closed on
Jun 17, 2010
Sold by
Ruiz Fuentevilla Siegfried Michael
Bought by
Retana Melisa F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2006
Sold by
Loustaunau Isabel
Bought by
Ruiz Fuentevilla Siegfried Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 8, 2006
Sold by
Ruiz Fuentevilla Siegfried Michael and Ruiz Fuentevilla Siegfried M
Bought by
Ruiz Fuentevilla Siegfried Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 15, 2003
Sold by
Hart Community Homes Inc
Bought by
Ruiz Fuentevilla Siegfried M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,550
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2002
Sold by
Hud
Bought by
Hart Community Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
5.83%

Purchase Details

Closed on
Oct 17, 2002
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jul 17, 2002
Sold by
Contreras Beatris and Contreras Carlos
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Mar 7, 2002
Sold by
Contreras Beatris and Contreras Carlos
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Mar 1, 1999
Sold by
Cyprus Kip
Bought by
Contreras Beatris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,841
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 1998
Sold by
Cyprus Amy L
Bought by
Cyprus Kip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.42%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 19, 1998
Sold by
Gaffaney Michael L
Bought by
Cyprus Kip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.42%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 26, 1996
Sold by
Bibb Diane L
Bought by
Gaffaney Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
8.23%

Purchase Details

Closed on
Aug 8, 1996
Sold by
American Svgs Bank Fa
Bought by
Gaffaney Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
8.23%

Purchase Details

Closed on
Dec 13, 1995
Sold by
Woody David F and Woody Lorraine H
Bought by
American Svgs Bank Fa
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Moncada Stuart T $870,000 Chicago Title Company
Araya Aron $727,500 Chicago Title
Lar Global Investments Inc -- None Available
Retana Melisa F -- None Available
Retana Melisa F $375,000 First American Title Company
Ruiz Fuentevilla Siegfried Michael -- Lawyers Title Company
Ruiz Fuentevilla Siegfried Michael -- Lawyers Title Company
Ruiz Fuentevilla Siegfried M $369,000 --
Hart Community Homes Inc $260,000 Nations
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $340,467 First American Title
Chase Manhattan Mtg Corp $340,467 First American Title Ins Co
Contreras Beatris $325,000 First American Title Co
Cyprus Kip -- --
Gomez David -- --
Cyprus Kip $155,000 North American Title Co
Gaffaney Michael L -- Investors Title Company
Gaffaney Michael L $128,000 Investors Title Company
American Svgs Bank Fa $133,426 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moncada Stuart J $825,500
Closed Moncada Stuart J $842,041
Previous Owner Moncada Stuart T $854,242
Previous Owner Araya Aron $545,600
Previous Owner Lar Global Investment Inc $650,000
Previous Owner L A R Global Investment Inc $375,000
Previous Owner Retana Melisa F $275,000
Previous Owner Ruiz Fuentevilla Siegfried Michael $165,000
Previous Owner Ruiz Fuentevilla Siegfried Michael $355,000
Previous Owner Ruiz Fuentevilla Siegfried Michael $355,000
Previous Owner Ruiz Fuentevilla Siegfried M $49,000
Previous Owner Ruiz Fuentevilla Siegfried M $66,000
Previous Owner Ruiz Fuentevilla Siegfried M $350,550
Previous Owner Hart Community Homes Inc $217,000
Previous Owner Contreras Beatris $322,841
Previous Owner Cyprus Kip $195,000
Previous Owner Gaffaney Michael L $102,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2017 07/12/17 Sold $870,000 -0.6% $218 / Sq Ft
05/10/2017 05/10/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $875,000 +20.3% $219 / Sq Ft
06/28/2016 06/28/16 Sold $727,468 -10.5% $182 / Sq Ft
04/30/2016 04/30/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $813,000 -- $204 / Sq Ft
Source: The MLS

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 $13,044 $989,905 $512,020 $477,885
2024 $13,044 $970,496 $501,981 $468,515
2023 $12,826 $951,468 $492,139 $459,329
2022 $12,052 $932,813 $482,490 $450,323
2021 $11,801 $914,524 $473,030 $441,494
2019 $11,634 $889,260 $459,000 $430,260
2018 $12,114 $871,860 $450,000 $421,860
2016 $6,500 $504,511 $275,661 $228,850
2015 $6,249 $496,934 $271,521 $225,413
2014 $6,223 $487,201 $266,203 $220,998
Source: Public Records

Agents Affiliated with this Home

  • O

    Buyer's Agent in 2017

    Omar Gudino

    MViP

  • G

    Seller's Agent in 2016

    Gustavo Rico

    NT & Associates, Inc.

    (562) 468-4608

    1 in this area

    6 Total Sales

    Gustavo Rico
    Section Image

  • M

    Buyer's Agent in 2016

    Mesfin Beyene

    TM Real Estate Brokers

    (562) 494-0094

    15 Total Sales

    Mesfin Beyene
    Section Image
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Map

Source: The MLS

MLS Number: 17-220428

The MLS

APN: 7261-031-019

California Los Angeles County Long Beach 90813 Cambodia Town

1138 Gardenia Ave, Long Beach, CA

This home is located at 1138 Gardenia Ave, Long Beach, CA 90813 since 12 April 2017 and is currently estimated at $1,390,921, approximately $348 per square foot. This property was built in 1923. 1138 Gardenia Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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