NOT LISTED FOR SALE

1915 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood
22 Beds
10 Baths
7,808 Sq Ft
8,243 Sq Ft Lot

Last Sold January 31, 2012

Last sale price $965,000 $124 Per Sq Ft

50 Days on Market

Highlights

  • Spanish Architecture
  • Wood Siding
  • Radiant Heating System

About This Home

As of January 2012

The building consists of a unit mix of five two-bedroom/one-bath units, four three-bedroom/one-bath units and one three-bedroom/two-bath unit. The two-story wood-framed stucco property was constructed in 1964. This property also includes eight single car garages. The building is all electric and separately metered.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 09/25/2011

Last Buyer's Agent

bing hou

IRN Realty License #01026586

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,243 Sq Ft Lot
  • Lot Dimensions are 50x163

Parking

  • 1 Car Garage

Home Design

  • 7,808 Sq Ft Home
  • Spanish Architecture
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 10 Bathrooms

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 20 / 3
  • Assessor Parcel Number 7209026024

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $3,123
  • Maintenance Expense $5,727
  • Other Expense $2,000
  • Professional Management Expense $5,389
  • Water Sewer Expense $14,536
  • New Taxes Expense $12,296
  • Gross Income $9,585
  • Net Operating Income $65,793

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.61
  • Professional Management Expense: 5389.00
  • View: No
  • Water Sewer Expenses: 14536.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7209026024
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 123.59

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Radiant

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x163
  • Lot Size Sq Ft: 8243.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 9585.00
  • Gross Multiplier: 8.65
  • Gross Scheduled Income: 115020.00
  • Insurance Expense: 3123.00
  • Lot Size Area: 8243.0000 Square Feet
  • Maintenance Expense: 5727.00
  • Net Operating Income: 65793.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 43791.00
  • Other Expense: 2000.00

Tax Info

  • New Taxes Expense: 12296.00
  • Tax Area: 5501
  • Tax Block: 3
  • Tax Lot: 20

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2012 01/31/12 Sold $965,000 -3.0% $124 / Sq Ft
11/14/2011 11/14/11 Pending -- -- --
09/25/2011 09/25/11 For Sale $995,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    2 in this area

    89 Total Sales

    Steve Bogoyevac
    Section Image

  • b

    Buyer's Agent in 2012

    bing hou

    IRN Realty

    (626) 605-2229

    7 Total Sales

    bing hou
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P798970

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

1915 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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