NOT LISTED FOR SALE

Estimated Value: $934,584 - $997,000

6 Beds
3 Baths
2,485 Sq Ft
$388/Sq Ft Est. Value

Last Sold September 11, 2024

Last sale price $920,000 $370 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,578/month

14 Days on Market

Highlights

  • Private Yard
  • Neighborhood Views
  • 1-Story Property
  • No HOA
  • Rectangular Lot

About This Home

As of September 2024

We are pleased to bring to market the opportunity to acquire a gorgeous Spanish style triplex located at 1941-1945 Cedar Ave, Long Beach, California. This stunning triplex located in the vibrant South Wrigley neighborhood features all two-bedroom/one-bathroom units and a detached garage/storage area. Currently, one of the units available creating an opportunity for an owner user to occupy the space or lease up as a pure investment. Savvy investors have the option to potentially convert detached garage into an ADU (buyer to verify with City of Long Beach) increasing the overall return. The triplex is near Pacific Ave., the main commercial corridor of Wrigley, which features popular dining/drinking and shopping establishments. The property is within a half mile of the Metro A-Line Pacific Coast Highway Station and nearby Long Beach Transit bus stops allowing for easy commuting.

Last Agent to Sell the Property

Harrison Hyde

Harrison Hyde, Broker Brokerage Phone: 562-833-4450 License #01924379 Listed on: 07/23/2024

Last Buyer's Agent

Harrison Hyde

Harrison Hyde, Broker Brokerage Phone: 562-833-4450 License #01924379 Listed on: 07/23/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 8,152 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Private Yard

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,485 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Community Details

  • No Home Owners Association
  • 3 Units
  • Wrigley Area Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / 3
  • Assessor Parcel Number 7209026018
  • $698 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Structure Type: Triplex
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • View: Yes
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 7209026018
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2485.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Entry Level: 1
  • Fireplace Features: Decorative
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 6
  • Price Per Square Foot: 370.22
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Yard
  • Lot Size Sq Ft: 8152.00
  • Lot Size Acres: 0.1871

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8152.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 5730.04
  • Tax Lot: 14
  • Tax Tract Number: Cal...
  • TaxOtherAnnualAssessmentAmount: 698.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Sep 1, 2024
Sold by
Baker Family Trust and Baker Myles Leonard
Bought by
Nguyen Dominic and Nguyen Jessica
Seller's Agent
Harrison Hyde
Harrison Hyde, Broker
Buyer's Agent
Harrison Hyde
Harrison Hyde, Broker
List Price
$850,000
Sold Price
$920,000
Premium/Discount to List
$70,000
8.24%
Views
43
Current Estimated Value
$963,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,396
Avg. Annual Appreciation
3.67%
Original Mortgage
$690,000
Outstanding Balance
$680,694
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$282,702

Purchase Details

Closed on
Jun 8, 2017
Sold by
Baker Myles Leonard and Baker Maureen Sammon
Bought by
Baker Myles Leonard and Baker Maureen Sammon

Purchase Details

Closed on
Jul 8, 2009
Sold by
Cuk Milan and Cuk Jadranka
Bought by
Baker Myles Leonard and Baker Maureen Sammon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,750
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2005
Sold by
Stefanovich Nebojsa
Bought by
Cuk Milan and Cuk Jadranka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2004
Sold by
Stefanovic Svetlana
Bought by
Stefanovic Nebojsa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2004
Sold by
Kootsikas John and Kootsikas Coula
Bought by
Stefanovic Nebojsa and Stefanovic Svetlana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 1997
Sold by
Kootsikas John and Kootsikas Coula
Bought by
Kootsikas John and Kootsikas Coulas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Nguyen Dominic $920,000 None Listed On Document
Baker Myles Leonard -- None Available
Baker Myles Leonard -- None Available
Baker Myles Leonard $349,000 Orange Coast Title
Cuk Milan $675,000 --
Stefanovic Nebojsa -- Orange Coast Title
Stefanovic Nebojsa $490,000 Ticor Title
Kootsikas John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Dominic $690,000
Previous Owner Baker Myles Leonard $261,750
Previous Owner Cuk Milan $540,000
Previous Owner Stefanovic Nebojsa $420,000
Previous Owner Stefanovic Nebojsa $376,000
Closed Stefanovic Nebojsa $23,500
Closed Cuk Milan $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2024 09/11/24 Sold $920,000 0.0% $370 / Sq Ft
09/11/2024 09/11/24 Sold $920,000 +8.2% $370 / Sq Ft View Prior Sale
08/06/2024 08/06/24 Pending -- -- --
08/06/2024 08/06/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $850,000 0.0% $342 / Sq Ft
07/23/2024 07/23/24 For Sale $850,000 0.0% $342 / Sq Ft
04/05/2021 04/05/21 Rented $1,650 0.0% --
04/02/2021 04/02/21 For Rent $1,650 0.0% --
03/18/2021 03/18/21 Off Market $1,650 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $6,192 $920,000 $500,000 $420,000
2024 $6,192 $441,648 $253,094 $188,554
2023 $6,086 $432,989 $248,132 $184,857
2022 $5,727 $424,500 $243,267 $181,233
2021 $5,601 $416,178 $238,498 $177,680
2020 $5,586 $411,912 $236,053 $175,859
2019 $5,522 $403,836 $231,425 $172,411
2018 $5,310 $395,919 $226,888 $169,031
2016 $4,882 $380,547 $218,079 $162,468
2015 $4,694 $374,832 $214,804 $160,028
2014 $4,675 $367,491 $210,597 $156,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24151591

California Regional Multiple Listing Service (CRMLS)

APN: 7209-026-018