NOT LISTED FOR SALE

1600 Cedar Ave Long Beach, CA 90813

Washington School Neighborhood
-- Bed
-- Bath
10,226 Sq Ft
0.26 Acres

Last Sold March 09, 2012

Last sale price $1,025,000 $100 Per Sq Ft

45 Days on Market

Highlights

  • 0.26 Acre Lot
  • Wood Siding
  • No Heating

About This Home

As of March 2012

this 14 units 1600-1602 side by side, 10 units are 1bedroom /1bath... 4 units are 2bedroom/1bath. all are separate gas & electric meters.

Last Agent to Sell the Property

Anthony Nguyen

AA International & Investment License #01199951 Listed on: 01/15/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.26

Parking

  • 6 Car Garage

Home Design

  • 10,226 Sq Ft Home
  • Brick Exterior Construction
  • Wood Siding

Additional Features

  • 0.26 Acre Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 0.2 / 8
  • Assessor Parcel Number 7269002006

Community Details

Overview

  • 2 Buildings
  • 14 Units

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Water Sewer Expense $400
  • New Taxes Expense $14,000
  • Gross Income $12,560
  • Net Operating Income $12,386

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 1.38
  • View: No
  • Water Sewer Expenses: 400.00
  • Property Type: Residential Income
  • Parcel Number: 7269002006
  • Year Built: 1954
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 100.23

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick, Wood Siding

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 11258.00
  • Lot Size Acres: 0.2580

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 12560.00
  • Gross Multiplier: 5.97
  • Gross Scheduled Income: 150720.00
  • Lot Size Area: 11258.0000 Square Feet
  • Net Operating Income: 12386.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 138334.00

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Area: 11934
  • Tax Block: 8
  • Tax Lot: 0.2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2012 03/09/12 Sold $1,025,000 +13.9% $100 / Sq Ft
02/29/2012 02/29/12 Pending -- -- --
01/15/2012 01/15/12 For Sale $899,900 -- $88 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $38,113 $2,901,461 $1,160,584 $1,740,877
2024 $38,113 $2,844,571 $1,137,828 $1,706,743
2023 $37,460 $2,788,796 $1,115,518 $1,673,278
2022 $35,182 $2,734,115 $1,093,646 $1,640,469
2021 $34,444 $2,680,505 $1,072,202 $1,608,303
2019 $33,952 $2,604,340 $1,040,400 $1,563,940
2018 $35,505 $2,553,340 $1,020,000 $1,533,340
2016 $16,447 $1,248,282 $416,094 $832,188
2015 $15,870 $1,229,532 $409,844 $819,688
2014 $15,774 $1,205,448 $401,816 $803,632
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Anthony Nguyen

    AA International & Investment

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P809036

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Washington School

1600 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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.

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