C
Seller's Agent in 2021
Cris Molles
The Realestate Group
(310) 540-0072
1 in this area
4 Total Sales
1497 Cedar Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated Value: $1,393,000 - $1,593,122
5
Beds
4
Baths
3,520
Sq Ft
$424/Sq Ft
Est. Value
Highlights
- Property is near public transit
- No HOA
- Cooling System Mounted To A Wall/Window
- Lawn
- 5 Car Direct Access Garage
- 4-minute walk to 14th Street Park
About This Home
As of October 2021Excellent Upside Potential!! Clean 6-Unit Building Across the Street From Washington Middle School. Five 1-Bedroom and One 2-Bedroom Units in 2 buildings.. Five Garages in Back of Property.
Excellent Rental Area With 20% Upside in Most Rents. Laundry Room Area In Back of Front Building--Set Up Your Own Laundry For Additional Income!
Only 14.77 X Actual Income and 13 X Pro Forma.
Last Agent to Sell the Property
The Realestate Group License #01345419 Listed on: 09/08/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 7,553 Sq Ft Lot
- Two or More Common Walls
- Security Fence
- Wrought Iron Fence
- Landscaped
- Level Lot
- Lawn
- Front Yard
Parking
- 5 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Property Attached
Interior Spaces
- 3,520 Sq Ft Home
- 2-Story Property
- Gas Oven
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Additional Features
- Property is near public transit
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 4
- Tax Tract Number 5421
- Assessor Parcel Number 7269041006
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
- Westside/South Of Willow Subdivision
Amenities
- Laundry Facilities
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,945
- Gardener Expense $720
- Insurance Expense $2,449
- Maintenance Expense $1,963
- Pest Control $612
- Professional Management Expense $4,740
- Water Sewer Expense $2,454
- New Taxes Expense $18,125
- Operating Expense $33,582
- Gross Income $98,160
- Net Operating Income $64,578
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
Mar 24, 2015
Closed on
Jun 16, 2015
Sold by
Bought by
Seller's Agent
Steve Warshauer
Coldwell Banker Commercial
Buyer's Agent
Cris Molles
The Realestate Group
List Price
$749,000
Sold Price
$720,000
Premium/Discount to List
-$29,000
-3.87%
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
$773,061
Avg. Annual Appreciation
6.99%
Original Mortgage
$535,585
Interest Rate
3.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 14, 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
$515,000
Interest Rate
6.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 13, 2002
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
$165,000
Interest Rate
6.99%
Mortgage Type
Seller Take Back
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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 |
|---|---|---|---|
| $720,000 | Ticor Title Company | ||
| -- | Fidelity National Title | ||
| $220,000 | First 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 |
|---|---|---|---|
| Previous Owner | $535,585 | ||
| Previous Owner | $515,000 | ||
| Previous Owner | $165,000 |
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 |
|---|---|---|---|---|---|
| 10/25/2021 10/25/21 | Sold | $1,407,000 | -3.0% | $400 / Sq Ft | |
| 09/08/2021 09/08/21 | For Sale | $1,450,000 | +101.4% | $412 / Sq Ft | |
| 08/14/2015 08/14/15 | Sold | $720,000 | -3.9% | $222 / Sq Ft | View Prior Sale |
| 06/24/2015 06/24/15 | Pending | -- | -- | -- | |
| 03/24/2015 03/24/15 | For Sale | $749,000 | -- | $230 / 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 | $20,233 | $1,493,118 | $636,724 | $856,394 |
| 2024 | $19,376 | $1,463,842 | $624,240 | $839,602 |
| 2023 | $19,046 | $1,435,140 | $612,000 | $823,140 |
| 2022 | $17,883 | $1,407,000 | $600,000 | $807,000 |
| 2021 | $10,472 | $787,423 | $328,093 | $459,330 |
| 2019 | $10,324 | $764,069 | $318,362 | $445,707 |
| 2018 | $9,957 | $749,088 | $312,120 | $436,968 |
| 2016 | $9,165 | $720,000 | $300,000 | $420,000 |
| 2015 | $3,871 | $270,413 | $122,915 | $147,498 |
| 2014 | $3,879 | $265,117 | $120,508 | $144,609 |
Source: Public Records
Agents Affiliated with this Home
-
Cris Molles
-
Steve Warshauer
Seller's Agent in 2015
Steve Warshauer
Coldwell Banker Commercial
(562) 495-6070
22 Total Sales
-
George Bustamante
Seller Co-Listing Agent in 2015
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21165750
APN: 7269-041-006
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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