NOT LISTED FOR SALE

1605 Cherry Ave Unit D Long Beach, CA 90813

Central Neighborhood

Estimated Value: $1,135,000 - $1,465,000

9 Beds
6 Baths
3,546 Sq Ft
$361/Sq Ft Est. Value

Last Sold September 19, 2013

Last sale price $590,000 $166 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $7,896/month

About This Home

As of September 2013

***STANDARD SALE*** Excellent Opportunity to Purchase a Multi-Family 4-Unit Income Property! ***Large Square Footage...county records shows 3546 sq ft on a 7292 sq ft Lot! ***All units have just been REMODELED w/ ***Brand New GRANITE! ***Brand New CABINETS!!! ***Brand New Appliances! ***Brand New Paint!! ***Brand New Carpet!! Units are estimated to rent for a total of $4900.00 or more each month for an ANNUAL est INCOME OF $58,800.00 or More...Year After Year of steady income! Close to Great Schools & Parks!! Excellent freeway access for commuting. Quick Response to all offers. Hurry, will sell fast!***

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 09/12/2013

Last Buyer's Agent

Ernesto Flores

Re/Max Supreme License #01808435

Re/Max Supreme

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,733

Year Built

  • Built in 1949

Lot Details

  • 7,292 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 2 Car Garage

Home Design

  • 3,546 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 7261008018

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,733

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7261008018
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 166.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Unknown

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7292.00
  • Lot Size Acres: 0.1670

Multi Family

  • Gross Income: 4900.00
  • Gross Scheduled Income: 58800.00
  • Lot Size Area: 7292.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 13
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2013
Sold by
Rancho Horizon Llc
Bought by
Lei Zhaoshou and Zhu Nan
Current Estimated Value
$1,282,894

Purchase Details

Closed on
Nov 9, 2012
Sold by
Galindres German
Bought by
Rancho Horizon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.33%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 2, 2012
Sold by
Galindres German
Bought by
Sanchez Juan Manuel

Purchase Details

Closed on
May 15, 2012
Sold by
Sanchez Juan Manuel and Sanchez Eden
Bought by
Galindres German

Purchase Details

Closed on
Nov 5, 2010
Sold by
Sanchez Eden
Bought by
Sanchez Juan Manuel and Sanchez Eden

Purchase Details

Closed on
Aug 2, 2010
Sold by
Sanchez Juan Manuel
Bought by
Sanchez Eden

Purchase Details

Closed on
Feb 7, 2007
Sold by
Galindres German
Bought by
Ramirez Juan Manuel Sanchez

Purchase Details

Closed on
May 11, 2006
Sold by
Ponvanit Srunya
Bought by
Galindres German

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
7%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 15, 2005
Sold by
Rico Jose Antonio
Bought by
Ponvanik Srunya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,200
Interest Rate
8.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 27, 2002
Sold by
Hud
Bought by
Rico Jose Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,950
Interest Rate
8.37%

Purchase Details

Closed on
May 16, 2002
Sold by
Washington Mutual Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Jan 7, 2002
Sold by
Rubio Maria Teresa and Garcia Daniel
Bought by
Washington Mutual Home Loans Inc

Purchase Details

Closed on
Jan 12, 1999
Sold by
Finzi David B
Bought by
Rubio Maria Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 1998
Sold by
Wilshire Funding Corp
Bought by
Finzi Dvaid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
7.1%

Purchase Details

Closed on
May 8, 1998
Sold by
Trevino Eugenio and Trevino Elisa
Bought by
Wilshire Funding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
7.1%

Purchase Details

Closed on
May 9, 1997
Sold by
Golden West Group Inc
Bought by
Trevino Eugenio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,964
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 1997
Sold by
Brown Henry A and Wrable Leslie F
Bought by
Fnb Real Estate Corp

Purchase Details

Closed on
Aug 31, 1995
Sold by
Rose Mary Elizabeth Wrable and Stoll Mary
Bought by
Wrable Leslie Francis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
7.8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Lei Zhaoshou $590,000 Ticor Title Company Inland E
Rancho Horizon Llc $393,100 --
Sanchez Juan Manuel -- None Available
Galindres German -- None Available
Sanchez Juan Manuel -- None Available
Sanchez Eden -- None Available
Ramirez Juan Manuel Sanchez -- None Available
Galindres German $865,000 First American Title Co
Ponvanik Srunya $728,000 First American Title Co
Rico Jose Antonio $372,500 Fidelity
Hud $362,943 --
Washington Mutual Home Loans Inc $362,943 Fidelity National Title
Rubio Maria Teresa $300,000 Benefit Land Title Company
Finzi Dvaid $138,000 Benefit Land Title Company
Wilshire Funding Corp $135,000 Benefit Land Title Ins Co
Trevino Eugenio $320,000 --
Fnb Real Estate Corp $114,471 North American Title Co
Wrable Leslie Francis -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lei Zhaoshou $295,000
Previous Owner Rancho Horizon Llc $5,000,000
Previous Owner Galindres German $680,000
Previous Owner Ponvanik Srunya $655,200
Previous Owner Rico Jose Antonio $297,950
Previous Owner Rubio Maria Teresa $297,500
Previous Owner Finzi Dvaid $203,000
Previous Owner Trevino Eugenio $150,000
Previous Owner Trevino Eugenio $286,964
Previous Owner Wrable Leslie Francis $27,500
Closed Rico Jose Antonio $74,500
Closed Ponvanik Srunya $36,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2013 09/19/13 Sold $590,000 -1.5% $166 / Sq Ft
09/12/2013 09/12/13 Pending -- -- --
09/12/2013 09/12/13 For Sale $599,000 -- $169 / 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 $9,733 $723,248 $367,754 $355,494
2024 $9,733 $709,068 $360,544 $348,524
2023 $9,567 $695,166 $353,475 $341,691
2022 $8,996 $681,537 $346,545 $334,992
2021 $8,802 $668,174 $339,750 $328,424
2019 $8,677 $648,778 $329,674 $319,104
2018 $8,379 $636,066 $323,210 $312,856
2016 $7,702 $610,964 $310,660 $300,304
2015 $7,401 $601,788 $305,994 $295,794
2014 $7,364 $590,000 $300,000 $290,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Rick Young

    Young Estate Services

    Section Image

  • E

    Buyer's Agent in 2013

    Ernesto Flores

    Re/Max Supreme

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13185458

California Regional Multiple Listing Service (CRMLS)

APN: 7261-008-018

California Los Angeles County Long Beach 90804 Central

1605 Cherry Ave Unit D, Long Beach, CA

This home is located at 1605 Cherry Ave Unit D, Long Beach, CA 90813 since 12 September 2013 and is currently estimated at $1,279,393, approximately $360 per square foot. This property was built in 1949. 1605 Cherry Ave Unit D is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

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.

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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