Seller's Agent in 2021
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
5 in this area
79 Total Sales
1426 Cherry Ave Long Beach, CA 90813
Cambodia Town NeighborhoodEstimated Value: $1,187,000 - $1,640,000
10
Beds
4
Baths
2,968
Sq Ft
$464/Sq Ft
Est. Value
About This Home
As of December 2021Well located 4 unit property just outside of Downtown Long Beach. Major value add potential with a 37% upside on actual income. Huge ADU development potential with 10 single garages in a separate structure on the lot. Excellent unit mix with 2 three bedroom units and 2 two bedroom units.
Strong GRM on market rents of 12.5X before considering any ADU conversion. Attractive 30 year fixed residential financing available. Perfect first time apartment investment purchase. Dense rental market with low vacancy.
Last Agent to Sell the Property
Buckingham Investments, Inc License #01908153 Listed on: 09/28/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,888
Year Built
- Built in 1923
Lot Details
- 5,975 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 10 Car Garage
Home Design
- 2,968 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 3
- Tax Tract Number 5223
- Assessor Parcel Number 7261019003
- $806 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
- Eastside Subdivision
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $466
- Fuel Expense $466
- Gardener Expense $1,200
- Insurance Expense $1,600
- Pest Control $960
- Professional Management Expense $4,505
- Trash Expense $466
- Water Sewer Expense $466
- New Taxes Expense $16,875
- Operating Expense $30,987
- Gross Income $3,660
- Net Operating Income $44,094
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2021
Closed on
Oct 27, 2021
Sold by
David Attkisson
Bought by
Flores Angel
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,350,000
Sold Price
$1,297,500
Premium/Discount to List
-$52,500
-3.89%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,616
Avg. Annual Appreciation
1.28%
Original Mortgage
$895,000
Interest Rate
3.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 1, 2016
Sold by
Haff Julie
Bought by
Attkisson David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$745,915
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 14, 2014
Sold by
Haff Julie
Bought by
Haff Julie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
4.11%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 16, 2007
Sold by
Haff Richard
Bought by
Haff Julie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 1, 2004
Sold by
Garcia Dorothea
Bought by
Haff Richard and Haff Julie
Purchase Details
Closed on
Feb 12, 2004
Sold by
Rogers Bob
Bought by
Garcia Dorothea
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 2, 1999
Sold by
Marrujo Ernest
Bought by
Rogers Bob and Garcia Dorothea
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
10.15%
Purchase Details
Closed on
Nov 11, 1999
Sold by
Calgary Group
Bought by
Marrujo Ernest and Marrujo Gudelia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
10.15%
Purchase Details
Closed on
Sep 10, 1997
Sold by
Robinson Francisco J
Bought by
Calgary Group
Purchase Details
Closed on
Aug 11, 1995
Sold by
Robinson Micaela
Bought by
Robinson Francisco Javier
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
7.71%
Purchase Details
Closed on
Jun 24, 1994
Sold by
Glendale Federal Bank Fsb
Bought by
Robinson Francisco J and Robinson Micaela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,750
Interest Rate
8.51%
Purchase Details
Closed on
Feb 17, 1994
Sold by
Verdugo Service Corp
Bought by
Glendale Federal Bank Fsb
Purchase Details
Closed on
Mar 18, 1993
Sold by
Gomez David
Bought by
Ramirez Juan and Ramirez Anna
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flores Angel | $1,297,500 | Fidelity National Title | |
| Attkisson David | $760,000 | Ticor Title Company | |
| Haff Julie | -- | Wfg Title Company | |
| Haff Julie | -- | Stewart Title Of California | |
| Haff Richard | -- | -- | |
| Garcia Dorothea | -- | Gateway Title Company | |
| Rogers Bob | $325,000 | Commonwealth Title | |
| Marrujo Ernest | -- | Commonwealth Title | |
| Calgary Group | $1,000 | Old Republic Title Company | |
| Robinson Francisco Javier | -- | North American Title Co | |
| Robinson Francisco J | $107,500 | Continental Lawyers Title | |
| Glendale Federal Bank Fsb | $190,458 | North American Title Company | |
| Ramirez Juan | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Flores Angel | $895,000 | |
| Previous Owner | Attkisson David | $727,000 | |
| Previous Owner | Attkisson David | $743,440 | |
| Previous Owner | Attkisson David | $745,915 | |
| Previous Owner | Haff Julie | $63,000 | |
| Previous Owner | Haff Julie | $335,000 | |
| Previous Owner | Haff Julie | $325,000 | |
| Previous Owner | Haff Julie | $510,000 | |
| Previous Owner | Garcia Dorothea | $400,000 | |
| Previous Owner | Garcia Dorothea | $293,600 | |
| Previous Owner | Rogers Bob | $276,250 | |
| Previous Owner | Robinson Francisco Javier | $146,250 | |
| Previous Owner | Robinson Francisco J | $96,750 | |
| Closed | Rogers Bob | $32,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2021 12/15/21 | Sold | $1,297,500 | -3.9% | $437 / Sq Ft |
| 10/08/2021 10/08/21 | Pending | -- | -- | -- |
| 09/28/2021 09/28/21 | For Sale | $1,350,000 | +77.7% | $455 / Sq Ft |
| 02/24/2017 02/24/17 | Sold | $759,675 | -3.2% | $256 / Sq Ft |
| 02/15/2017 02/15/17 | For Sale | $785,000 | 0.0% | $264 / Sq Ft |
| 11/30/2016 11/30/16 | Pending | -- | -- | -- |
| 11/07/2016 11/07/16 | Price Changed | $785,000 | +1.9% | $264 / Sq Ft |
| 10/09/2016 10/09/16 | Price Changed | $770,000 | -0.6% | $259 / Sq Ft |
| 09/15/2016 09/15/16 | Price Changed | $775,000 | -1.8% | $261 / Sq Ft |
| 08/07/2016 08/07/16 | For Sale | $789,000 | -- | $266 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $17,888 | $1,376,916 | $636,724 | $740,192 |
| 2024 | $17,888 | $1,349,919 | $624,240 | $725,679 |
| 2023 | $17,581 | $1,323,450 | $612,000 | $711,450 |
| 2022 | $16,286 | $1,297,500 | $600,000 | $697,500 |
| 2021 | $10,519 | $814,871 | $428,880 | $385,991 |
| 2019 | $10,370 | $791,064 | $416,160 | $374,904 |
| 2018 | $10,019 | $775,560 | $408,000 | $367,560 |
| 2016 | $7,681 | $612,291 | $211,946 | $400,345 |
| 2015 | $7,379 | $603,095 | $208,763 | $394,332 |
| 2014 | $7,341 | $591,282 | $204,674 | $386,608 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,797 Total Sales
-
J
Seller's Agent in 2017
Julie Haff
ML Management Group, Inc.
(562) 606-0788
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21214472
APN: 7261-019-003
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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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