Seller's Agent in 2020
Eduardo Morales
Amberwood Real Estate, Inc.
(562) 843-4803
1 in this area
78 Total Sales
1825 Cherry Ave Long Beach, CA 90806
Sunrise Neighborhood
7
Beds
7
Baths
3,986
Sq Ft
5,837
Sq Ft Lot
About This Home
As of December 2020Attractive location in progressive fast growing Long Beach. 5 Legal Units (but being used as 7 Units) 2 Structures - Front House has been divided into 3 Units. Rear structure consists of 2 Studios and 2-1 BR Units. Upside in Rents (Long time tenants are all paying during Covid-19) All Utilities are split and paid for by Tenants. Close proximity to busy PCH/Cherry intersection. Among recent upgrades is a Fire Sprinkler system. Attractive financing options with Assumable 1st owner willing to carry a significant amount.
Last Agent to Sell the Property
Amberwood Real Estate, Inc. License #01110708 Listed on: 08/12/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1903
Lot Details
- 5,838 Sq Ft Lot
- 1 Common Wall
- No Landscaping
Parking
- 2 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,986 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 21
- Tax Tract Number 1319
- Assessor Parcel Number 7216032024
Community Details
Overview
- 2 Buildings
- 5 Units
- Poly High Subdivision
Amenities
- Laundry Facilities
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,400
- Fuel Expense $630
- Insurance Expense $3,927
- Maintenance Expense $1,500
- Water Sewer Expense $2,820
- Operating Expense $29,102
- Gross Income $84,439
- Net Operating Income $55,337
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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 |
|---|---|---|---|---|
| 12/30/2020 12/30/20 | Sold | $1,250,000 | -3.8% | $314 / Sq Ft |
| 12/02/2020 12/02/20 | Pending | -- | -- | -- |
| 08/12/2020 08/12/20 | For Sale | $1,299,000 | -- | $326 / 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 | $19,354 | $1,353,040 | $947,128 | $405,912 |
| 2024 | $18,509 | $1,326,510 | $928,557 | $397,953 |
| 2023 | $18,169 | $1,300,500 | $910,350 | $390,150 |
| 2022 | $17,074 | $1,275,000 | $892,500 | $382,500 |
| 2021 | $16,701 | $1,250,000 | $875,000 | $375,000 |
| 2020 | $5,026 | $268,064 | $112,660 | $155,404 |
| 2019 | $4,964 | $262,808 | $110,451 | $152,357 |
| 2018 | $4,742 | $257,656 | $108,286 | $149,370 |
| 2016 | $4,389 | $247,653 | $104,082 | $143,571 |
| 2015 | $4,246 | $243,934 | $102,519 | $141,415 |
| 2014 | $4,236 | $239,156 | $100,511 | $138,645 |
Source: Public Records
Agents Affiliated with this Home
-
Eduardo Morales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20163575
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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