J
Seller's Agent in 2018
John Mociak
Avenue Realty Group
1765 Cedar Ave Long Beach, CA 90813
Washington School Neighborhood
5
Beds
4
Baths
9,136
Sq Ft
7,405
Sq Ft Lot
Highlights
- Wood Flooring
- Converted Garage
- 8 Car Garage
- No HOA
- Laundry Room
- Wall Furnace
About This Home
As of August 2018A rare opportunity to purchase highly sought after 1960's Balcony style apartment units. Tree lined residential block across from a school. Separately metered for electricity & gas. Excellent unit mix consisting of five 2br+1bth, two 2br+2bth, and five 1br+1bth. In place cash flow. Non rent control area. Market rental upside. Value add upside.
The building has great curb appeal, visibility, large units with plenty of natural lighting which creates a nice living space atmosphere for residents, on-site laundry, good parking. These features produce a competitive advantage in attracting and maintaining tenants..
Last Agent to Sell the Property
John Mociak
Avenue Realty Group License #01708711 Listed on: 03/11/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,737
Year Built
- Built in 1963
Lot Details
- 7,503 Sq Ft Lot
- 1 Common Wall
- Southeast Facing Home
- Density is up to 1 Unit/Acre
Parking
- 8 Car Garage
- Converted Garage
- Parking Available
- Front Facing Garage
- Rear-Facing Garage
- Parking Lot
- Assigned Parking
Home Design
- Apartment
Interior Spaces
- 9,136 Sq Ft Home
- 2-Story Property
- Gas Cooktop
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 7 / 2
- Tax Tract Number 9
- Assessor Parcel Number 7269036005
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $720
- Gardener Expense $900
- Insurance Expense $3,198
- Maintenance Expense $4,800
- Other Expense $3,000
- Professional Management Expense $7,890
- Trash Expense $3,500
- Water Sewer Expense $7,500
- New Taxes Expense $30,583
- Operating Expense $63,821
- Gross Income $159,060
- Net Operating Income $87,358
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/17/2018 08/17/18 | Sold | $2,015,000 | -15.2% | $221 / Sq Ft | |
| 05/09/2018 05/09/18 | Pending | -- | -- | -- | |
| 03/11/2018 03/11/18 | For Sale | $2,375,000 | +49.4% | $260 / Sq Ft | |
| 09/19/2014 09/19/14 | Sold | $1,590,000 | -3.6% | $174 / Sq Ft | View Prior Sale |
| 08/06/2014 08/06/14 | Pending | -- | -- | -- | |
| 06/03/2014 06/03/14 | For Sale | $1,650,000 | -- | $181 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $29,697 | $2,247,767 | $669,309 | $1,578,458 |
| 2024 | $29,697 | $2,203,694 | $656,186 | $1,547,508 |
| 2023 | $29,184 | $2,160,485 | $643,320 | $1,517,165 |
| 2022 | $27,412 | $2,118,123 | $630,706 | $1,487,417 |
| 2021 | $26,825 | $2,076,592 | $618,340 | $1,458,252 |
| 2020 | $26,754 | $2,058,000 | $612,000 | $1,446,000 |
| 2019 | $26,441 | $2,017,700 | $600,000 | $1,417,700 |
| 2018 | $22,175 | $1,682,161 | $528,132 | $1,154,029 |
| 2016 | $20,383 | $1,614,247 | $507,625 | $1,106,622 |
| 2015 | $19,584 | $1,590,000 | $500,000 | $1,090,000 |
| 2014 | $12,715 | $963,152 | $409,852 | $553,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
Keith Moret
Buyer's Agent in 2018
Keith Moret
Lyon Stahl Investment Real Estate, Inc.
(310) 617-2240
26 Total Sales
-
Robert Stepp
Seller's Agent in 2014
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
74 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18056265
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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