Seller's Agent in 2020
Madela Luz Zavala
First Team Real Estate
(562) 440-0177
60 Total Sales
1432 Cherry Ave Unit 4 Long Beach, CA 90813
Cambodia Town NeighborhoodEstimated Value: $529,000 - $1,215,000
6
Beds
6
Baths
3,252
Sq Ft
$317/Sq Ft
Est. Value
Highlights
- No HOA
- Neighborhood Views
- Double Door Entry
- Woodrow Wilson High School Rated A
- Circular Fireplace
- Walk-In Closet
About This Home
As of January 2020Excellent opportunity to own a 4-plex apartment building (statewide) city of Long Beach, CA close to 710 fwy and 405 fwy. 8 minutes away from Long Beach State University, minutes away to Veteran's Hospital. Very close to shopping centers, and stores. A great value property with plenty space and parking spaces. This property will sell fast. "ATTENTION GREAT PRICE REDUCTION" The reduction has made based on appraisal value and this property will be selling as is.
Last Agent to Sell the Property
First Team Real Estate License #02024462 Listed on: 09/30/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,231 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in good condition
- Density is up to 1 Unit/Acre
Parking
- 8 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
- Shingle Roof
- Stucco
Interior Spaces
- 3,252 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Circular Fireplace
- Double Door Entry
- Living Room
- Tile Flooring
- Neighborhood Views
Kitchen
- Laminate Countertops
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 6 Bathrooms
Utilities
- Whole House Fan
- Heating System Uses Natural Gas
- Gas Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Accessible Parking
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 1
- Tax Tract Number 5223
- Assessor Parcel Number 7261019001
Community Details
Overview
- No Home Owners Association
- 4 Units
Recreation
- Park
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $3,520
- Fuel Expense $250
- Insurance Expense $1,138
- Maintenance Expense $1,805
- Trash Expense $1,500
- Water Sewer Expense $1,440
- New Taxes Expense $11,469
- Operating Expense $20,817
- Gross Income $69,780
- Net Operating Income $45,865
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 29, 2020
Sold by
Bella Development Llc
Bought by
Hana Js Properties Llc
Current Estimated Value
Purchase Details
Listed on
Sep 30, 2019
Closed on
Dec 27, 2019
Sold by
Godinez Pedro and Godinez Elizabeth
Bought by
Bella Development Llc
Seller's Agent
Madela Luz Zavala
First Team Real Estate
Buyer's Agent
Colin Lee
Kyu Hyung Lee, Inc.
List Price
$875,000
Sold Price
$875,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.74%
Original Mortgage
$854,324
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 8, 2002
Sold by
Godinez Pedro and Chavez Miguel
Bought by
Godinez Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.85%
Purchase Details
Closed on
Apr 20, 1999
Sold by
Godinez Elizabeth and Chavez Viviana
Bought by
Godinez Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,800
Interest Rate
6.98%
Purchase Details
Closed on
Aug 18, 1994
Sold by
Chavez Yolanda
Bought by
Chavez Jaime
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 |
|---|---|---|---|
| Hana Js Properties Llc | -- | Accommodation | |
| Bella Development Llc | $875,000 | Usa National Title Company | |
| Godinez Pedro | -- | Southland Title Company | |
| Godinez Pedro | -- | First American Title Co | |
| Chavez Jaime | -- | Continental Lawyers Title Co | |
| Chavez Miguel | -- | Continental Lawyers Title Co | |
| Godinez Pedro | -- | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bella Development Llc | $854,324 | |
| Previous Owner | Godinez Pedro | $247,500 | |
| Previous Owner | Godinez Pedro | $227,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/03/2020 01/03/20 | Sold | $875,000 | 0.0% | $269 / Sq Ft |
| 12/06/2019 12/06/19 | For Sale | $875,000 | 0.0% | $269 / Sq Ft |
| 11/26/2019 11/26/19 | Pending | -- | -- | -- |
| 11/25/2019 11/25/19 | Price Changed | $875,000 | -10.3% | $269 / Sq Ft |
| 09/30/2019 09/30/19 | For Sale | $975,000 | -- | $300 / 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 | $14,099 | $1,082,430 | $649,458 | $432,972 |
| 2024 | $14,099 | $1,061,207 | $636,724 | $424,483 |
| 2023 | $13,861 | $1,040,400 | $624,240 | $416,160 |
| 2022 | $13,020 | $1,020,000 | $612,000 | $408,000 |
| 2021 | $12,755 | $1,000,000 | $600,000 | $400,000 |
| 2020 | $4,581 | $311,524 | $192,600 | $118,924 |
| 2019 | $4,529 | $305,417 | $188,824 | $116,593 |
| 2018 | $4,298 | $299,429 | $185,122 | $114,307 |
| 2016 | $3,948 | $287,804 | $177,935 | $109,869 |
| 2015 | $3,802 | $283,482 | $175,263 | $108,219 |
| 2014 | $3,797 | $277,930 | $171,830 | $106,100 |
Source: Public Records
Agents Affiliated with this Home
-
Madela Luz Zavala
-
Colin Lee
C
Buyer's Agent in 2020
Colin Lee
Kyu Hyung Lee, Inc.
(213) 608-6273
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW19233260
APN: 7261-019-001
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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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