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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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) 257-1200

    2 in this area

    96 Total Sales

    Section Image

  • b

    Buyer's Agent in 2012

    bing hou

    IRN Realty

    (626) 786-2143

    11 Total Sales

    Section Image
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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

This home is located at 1915 Cedar Ave, Long Beach, CA 90806 since 25 September 2011. This property was built in 1964. 1915 Cedar Ave is a home located in Los Angeles County with nearby schools including Lafayette Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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California Regional Multiple Listing Service (CRMLS) 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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