NOT LISTED FOR SALE

1245 Cedar Ave Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $3,524,319

15 Beds
15 Baths
9,780 Sq Ft
$360/Sq Ft Est. Value

About This Home

This home is located at 1245 Cedar Ave, Long Beach, CA 90813 and is currently estimated at $3,524,319, approximately $360 per square foot. 1245 Cedar Ave is a home located in Los Angeles County with nearby schools including Oropeza Elementary, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2022
Sold by
Maakk Real Estate Trust
Bought by
P Three Llc
Current Estimated Value
$3,524,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Outstanding Balance
$1,640,057
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$1,884,262

Purchase Details

Closed on
May 7, 2019
Sold by
The Maakk Real Estate Trust
Bought by
The Maakk Real Estate Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,515,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2019
Sold by
The Popatia Trust
Bought by
The Maakk Real Estate Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 2014
Sold by
Mamdani Sultan Noorali Jaffer and Mamdani Gulbanu N
Bought by
Mamdani Sheila S and Popatia Trust

Purchase Details

Closed on
Dec 13, 2010
Sold by
Mamdani Sheila S
Bought by
Mamdani Sultan Noorali Jaffer and Mamdani Gulbanu N

Purchase Details

Closed on
Mar 11, 2010
Sold by
Lomar Llc
Bought by
Mamdani Sheila S

Purchase Details

Closed on
Nov 4, 2002
Sold by
Romero Pablo Martin and Romero Veronica
Bought by
Lomar Llc

Purchase Details

Closed on
Nov 27, 2001
Sold by
First Wilshire Finance Llc
Bought by
Romero Pablo Martin and Romero Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2001
Sold by
Finzi David B
Bought by
First Wilshire Finance Llc

Purchase Details

Closed on
Dec 27, 1996
Sold by
Gomez David and Harbor Bank
Bought by
Harbor Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
7.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 19, 1996
Sold by
Harbor Bank
Bought by
Finzi David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
7.59%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
P Three Llc $3,345,000 First American Title Company O
The Maakk Real Estate Trust -- Old Republic Title Company
The Maakk Real Estate Trust $1,675,000 Old Republic Title Co
Mamdani Sheila S -- None Available
Mamdani Sultan Noorali Jaffer -- None Available
Mamdani Sheila S $847,500 Lawyers Title
Lomar Llc -- --
Romero Pablo Martin $430,000 --
First Wilshire Finance Llc -- --
Harbor Bank $379,418 South Coast Title
Finzi David B $185,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open P Three Llc $2,250,000
Previous Owner The Maakk Real Estate Trust $1,515,000
Previous Owner The Maakk Real Estate Trust $1,340,000
Previous Owner Romero Pablo Martin $322,500
Previous Owner Finzi David B $106,500
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 $44,962 $3,480,138 $2,080,800 $1,399,338
2024 $44,962 $3,411,900 $2,040,000 $1,371,900
2023 $44,193 $3,345,000 $2,000,000 $1,345,000
2022 $28,734 $2,207,473 $1,434,858 $772,615
2021 $28,112 $2,164,190 $1,406,724 $757,466
2020 $28,038 $2,143,300 $1,392,300 $751,000
2019 $16,401 $1,166,770 $813,956 $352,814
2018 $15,925 $1,143,919 $797,997 $345,922
2016 $16,607 $1,269,061 $888,343 $380,718
2015 $12,071 $903,437 $628,942 $274,495
2014 $12,056 $885,741 $616,622 $269,119
Source: Public Records

Map

California Los Angeles County Long Beach 90813 Willmore

1245 Cedar Ave, Long Beach, CA

Not Listed for Sale

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