J
Seller's Agent in 2024
JEFFREY STEARMAN
Keller Williams OC Coastal Realty
(949) 373-1600
1 in this area
52 Total Sales
1425 Cedar Ave Long Beach, CA 90813
Washington School Neighborhood
12
Beds
9
Baths
6,222
Sq Ft
6,691
Sq Ft Lot
Highlights
- Park
- Wall Furnace
- 3-minute walk to 14th Street Park
- Bike Trail
About This Home
As of November 2024The subject property is a 10-unit two-story walk-up style building, with 6,222 square feet. There are 8 one-bedroom/one-bath units plus 2 two-bedroom/one-bath units. All units have separate gas and electric meters. The building also contains 4 garages plus a coin-opearated on-site laundry both of which yield extra income. Great location close to middle school, shopping, public transit, close to downtown Long Beach and Beaches.This property always stays rented and is currently 100% occupied. This is an Investors dream, easy to rent and easy maintenance.
Last Agent to Sell the Property
Keller Williams OC Coastal Realty Brokerage Phone: 949-412-5333 License #00932282 Listed on: 08/13/2024
Last Buyer's Agent
Keller Williams OC Coastal Realty Brokerage Phone: 949-412-5333 License #00932282 Listed on: 08/13/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 6,691 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
- Off-Site Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,222 Sq Ft Home
- 2-Story Property
- Free-Standing Range
- Laundry in unit
Bedrooms and Bathrooms
- 12 Bedrooms
- 9 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Urban Location
Utilities
- Wall Furnace
- Natural Gas Connected
- Central Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 20
- Tax Tract Number 5421
- Assessor Parcel Number 7269041021
- $1,821 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 10 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Bike Trail
Building Details
- 10 Leased Units
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- Insurance Expense $4,400
- Maintenance Expense $7,343
- Other Expense $6,815
- Professional Management Expense $7,792
- Supplies Expense $125
- Trash Expense $1
- Water Sewer Expense $1
- New Taxes Expense $20,350
- Operating Expense $46,825
- Gross Income $162,850
- Net Operating Income $116,024
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
Aug 13, 2024
Closed on
Oct 29, 2024
Sold by
Bought by
Seller's Agent
JEFFREY STEARMAN
Keller Williams OC Coastal Realty
Buyer's Agent
JEFFREY STEARMAN
Keller Williams OC Coastal Realty
List Price
$1,850,000
Sold Price
$1,682,500
Premium/Discount to List
-$167,500
-9.05%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0608%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 15, 2015
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
$838,000
Interest Rate
0.0394%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 28, 2014
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
$640,500
Interest Rate
0.0412%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Nov 1, 2006
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
$660,000
Interest Rate
0.0643%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 19, 2005
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
$745,000
Interest Rate
0.051%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 6, 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
$502,000
Interest Rate
0.0581%
Mortgage Type
Commercial
Purchase Details
Closed on
May 21, 1999
Sold by
Bought by
Purchase Details
Closed on
May 12, 1999
Sold by
Bought by
Purchase Details
Closed on
Apr 14, 1999
Sold by
Bought by
Purchase Details
Closed on
Dec 29, 1998
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 |
|---|---|---|---|
| $1,682,500 | Chicago Title Company | ||
| -- | Title 365 | ||
| $915,000 | Fatcola | ||
| -- | None Available | ||
| $1,150,000 | Ticor Title Co | ||
| $940,000 | Orange Coast Title Company | ||
| -- | North American Title Co | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
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 | $1,280,000 | ||
| Closed | $1,000,000 | ||
| Previous Owner | $790,000 | ||
| Previous Owner | $838,000 | ||
| Previous Owner | $640,500 | ||
| Previous Owner | $660,000 | ||
| Previous Owner | $745,000 | ||
| Previous Owner | $502,000 | ||
| Previous Owner | $157,500 | ||
| Previous Owner | $321,000 | ||
| Previous Owner | $220,000 |
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 |
|---|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $1,682,500 | 0.0% | $270 / Sq Ft | |
| 10/23/2024 10/23/24 | Off Market | $1,682,500 | -- | -- | |
| 08/13/2024 08/13/24 | For Sale | $1,850,000 | 0.0% | $297 / Sq Ft | |
| 10/08/2022 10/08/22 | Rented | $1,250 | 0.0% | -- | |
| 09/26/2022 09/26/22 | Under Contract | -- | -- | -- | |
| 08/31/2022 08/31/22 | For Rent | $1,250 | 0.0% | -- | |
| 01/05/2016 01/05/16 | Sold | $1,223,000 | -2.2% | $197 / Sq Ft | View Prior Sale |
| 09/11/2015 09/11/15 | Pending | -- | -- | -- | |
| 07/17/2015 07/17/15 | For Sale | $1,250,000 | -- | $201 / 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 | $23,365 | $1,682,500 | $600,000 | $1,082,500 |
| 2024 | $19,526 | $1,419,972 | $580,291 | $839,681 |
| 2023 | $19,184 | $1,392,130 | $568,913 | $823,217 |
| 2022 | $18,028 | $1,364,834 | $557,758 | $807,076 |
| 2021 | $17,635 | $1,338,073 | $546,822 | $791,251 |
| 2019 | $17,384 | $1,301,667 | $530,604 | $771,063 |
| 2018 | $16,890 | $1,276,209 | $520,200 | $756,009 |
| 2016 | $12,133 | $928,953 | $304,575 | $624,378 |
| 2015 | $11,666 | $915,000 | $300,000 | $615,000 |
| 2014 | $11,890 | $920,000 | $640,900 | $279,100 |
Source: Public Records
Agents Affiliated with this Home
-
JEFFREY STEARMAN
-
J
Seller's Agent in 2022
Josue Barrios
El Camino Property Management Services
-
B
Seller's Agent in 2016
Byron Field
Keller Williams Pacific Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24166043
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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