Christine Cheng
Keller Williams Realty/Temecula
(628) 244-8657
52 Total Sales
2 in Washington School
$1,097,000 Price Range
1765 Cedar Ave Long Beach, CA 90813
Washington School Neighborhood
5
Beds
4
Baths
9,136
Sq Ft
7,503
Sq Ft Lot
Highlights
- Wood Flooring
- Converted Garage
- Laundry Facilities
- No HOA
- 8 Car Garage
- 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
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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
- Leased Washer and Dryer
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
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
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
Closed on
Nov 25, 2020
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
$2,332,000
Interest Rate
2.8%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 1, 2018
Sold by
Bought by
Purchase Details
Listed on
Jun 3, 2014
Closed on
Jul 30, 2014
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$1,650,000
Sold Price
$1,590,000
Premium/Discount to List
-$60,000
-3.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,113,000
Interest Rate
4.09%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Mar 8, 2012
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
$658,000
Interest Rate
3.83%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 1, 2012
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
$658,000
Interest Rate
3.83%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 11, 2011
Sold by
Bought by
Purchase Details
Closed on
Nov 3, 2004
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
$742,000
Interest Rate
5.69%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 26, 2004
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
$742,000
Interest Rate
5.69%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 7, 2004
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
$742,000
Interest Rate
5.69%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 27, 1998
Sold by
Bought by
Purchase Details
Closed on
Mar 28, 1997
Sold by
Bought by
Purchase Details
Closed on
Mar 12, 1996
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Washington School, CA
-
Christine Cheng
-
Renee Matthews
Renee Matthews
Elevation Realty
(818) 463-1831
5 Total Sales
2 in Washington School
$280,000 Price Range
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
120 Total Sales
1 in Washington School
$505,000 Price
-
Teriann McKenna
Teriann McKenna
TM Real Estate Services
(424) 396-2889
10 Total Sales
1 in Washington School
$253,000 Price
-
Rudy Kusuma
Rudy Kusuma
LPT Realty, Inc
(916) 249-4078
153 Total Sales
1 in Washington School
$663,000 Price
-
Poupee Komenkul
Poupee Komenkul
Rodeo Realty
(747) 998-0899
146 Total Sales
2 in Washington School
$275K - $283K Price Range
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 |
|---|---|---|---|
| -- | Chicago Title Company | ||
| $796,000 | Fidelity National Title | ||
| $1,590,000 | Old Republic Title Company | ||
| $940,009 | Fidelity National Title Co | ||
| -- | Fidelity National Title Co | ||
| $882,000 | None Available | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | United Title Company La | ||
| -- | -- | ||
| -- | -- | ||
| $251,598 | Fidelity National Title Ins |
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 |
|---|---|---|---|
| Open | $2,075,000 | ||
| Closed | $2,332,000 | ||
| Previous Owner | $1,240,000 | ||
| Previous Owner | $1,113,000 | ||
| Previous Owner | $658,000 | ||
| Previous Owner | $955,000 | ||
| Previous Owner | $400,000 | ||
| Previous Owner | $742,000 |
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 |
|---|---|---|---|---|---|
| 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
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 | $31,085 | $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
-
J
Seller's Agent in 2018
John Mociak
Avenue Realty Group
-
Keith Moret
Buyer's Agent in 2018
Keith Moret
Lyon Stahl Investment Real Estate, Inc.
(310) 617-2240
25 Total Sales
-
Robert Stepp
Seller's Agent in 2014
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
81 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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