NOT LISTED FOR SALE

1901 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood
8 Beds
6 Baths
4,385 Sq Ft
5,385 Sq Ft Lot

Last Sold January 31, 2013

Last sale price $620,000 $141 Per Sq Ft

162 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Facilities
  • Carpet
  • Ceramic Countertops
  • Wood Siding
  • Heating System Uses Natural Gas

About This Home

As of January 2013

Immaculate low maintenance property, in great shape. There's a Large rear yard area, community laundry and good sized owners room. Spacious Units that have been well maintained. Smooth plaster ceilings (no accoustic) Ceramic counter tops in Kitchens and Bathrooms, some units have tile flooring and pedistal sinks. Laundry Equipment is owned by the seller. Security doors on all units and a there is a security door to the common area. Great long term tenants in most units. Vacancy is very low and units are easy to rent. Drive by only! do not disturb tenants please or walk building. thank you!

Last Agent to Sell the Property

Daryl & Laurie Chrispen

ReMax Tiffany Real Estate License #01028274 Listed on: 07/20/2012

Last Buyer's Agent

bing hou

IRN Realty License #01026586

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,385 Sq Ft Lot
  • Lot Dimensions are 50x105

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,385 Sq Ft Home
  • Carpet

Kitchen

  • Gas Oven or Range
  • Cooktop
  • Ceramic Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 24 / 3
  • Assessor Parcel Number 7209026029

Community Details

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $336
  • Gardener Expense $420
  • Insurance Expense $2,100
  • Maintenance Expense $465
  • Pest Control $300
  • Professional Management Expense $3,690
  • Supplies Expense $300
  • Water Sewer Expense $2,756
  • New Taxes Expense $8,494
  • Gross Income $5,125
  • Net Operating Income $44,006

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 6.88
  • Improvements Percent: 57.00
  • Professional Management Expense: 3690.00
  • Supplies Expense: 300.00
  • View: No
  • Water Sewer Expenses: 2756.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 7209026029
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 141.39

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooking, Range, Cooktop
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Value Percent: 43.00
  • Lot Size: 50x105
  • Lot Size Sq Ft: 5385.00
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 651
  • Average2 Bed Area: 890
  • Electric Expense: 336.00
  • Gross Income: 5125.00
  • Gross Multiplier: 10.41
  • Gross Scheduled Income: 61500.00
  • Gross Spendable Income: 28116.00
  • Insurance Expense: 2100.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 465.00
  • Maintenance Percent: 1.00
  • Net Operating Income: 44006.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Operating Expense: 15649.00
  • Operating Expense Percent: 25.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8494.00
  • Tax Area: 5501
  • Tax Block: 3
  • Tax Lot: 24
  • Tax Tract Number: 00000
  • Tax Year: 2011

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
01/31/2013 01/31/13 Sold $620,000 -9.5% $141 / Sq Ft
12/29/2012 12/29/12 Pending -- -- --
07/20/2012 07/20/12 For Sale $685,000 -- $156 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • b

    Buyer's Agent in 2013

    bing hou

    IRN Realty

    (626) 605-2229

    7 Total Sales

    bing hou
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P829564

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 South Wrigley

1901 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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