NOT LISTED FOR SALE

1948 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $1,114,000 - $1,535,497

6 Beds
4 Baths
3,646 Sq Ft
$385/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $1,035,000 $284 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $8,687/month

94 Days on Market

About This Home

As of August 2018

1948 Cedar Avenue is a garden style apartment community which includes four detached private garages. The property features fresh new exterior paint and nicely renovated units with original period charm. Please see photos. 3 of the units have been upgraded. Highlights include copper plumbing and many newly replaced windows. Located in the South Wrigley neighborhood, only a short drive to Downtown Long Beach and its numerous cafes, restaurants, boutiques and entertainment venues.

Last Agent to Sell the Property

Mark Witsken

KW Advisors License #01884724 Listed on: 04/17/2018

KW Advisors

Last Buyer's Agent

Josh Cohen

License #01346713

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,141

Year Built

  • Built in 1941 | Remodeled

Lot Details

  • 8,069

Parking

  • 4 Car Garage

Interior Spaces

  • 3,646 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • 8,069 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7209-023-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,141

Year Built

Built in 1941 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3646
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1941
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry Equipment: Lease
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 300.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 415000
  • Assessed Land Value: 300000
  • Assessor Parcel Number: 7209-023-013
  • Geocode Override: No
  • Lot Size Area: 8069

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.30
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 25221
  • Type Of Units: Apartments
  • Vacancy Rate: 5%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2020
Sold by
Richards Robin Stgeorge and Richards Teresita Ivet
Bought by
Richards Robin Stgeorge and Richards Teresita Ivet
Current Estimated Value
$1,356,127

Purchase Details

Listed on
Apr 17, 2018
Closed on
Jul 23, 2018
Sold by
Gallagher Jonathan Lawrence
Bought by
Richards Robin and Richards Teresita Ivet
Seller's Agent
Mark Witsken
KW Advisors
Buyer's Agent
Josh Cohen
List Price
$1,150,000
Sold Price
$1,035,000
Premium/Discount to List
-$115,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Original Mortgage
$750,000
Outstanding Balance
$657,831
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$745,543

Purchase Details

Closed on
Nov 1, 2016
Sold by
Maranan Billy M and Rivera Maranan Lina
Bought by
Gallagher Jonathan Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2003
Sold by
Maranan Billy M
Bought by
Maranan Billy M and Maranan Rosalina R

Purchase Details

Closed on
Jul 10, 2002
Sold by
Maranan Rosalina R
Bought by
Maranan Billy M

Purchase Details

Closed on
Apr 8, 2002
Sold by
Lawson Willie
Bought by
Maranan Billy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,400
Interest Rate
6.71%

Purchase Details

Closed on
Feb 12, 1998
Sold by
Lawson Nicole
Bought by
Lawson Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,874
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 3, 1998
Sold by
Balthazor David
Bought by
Lawson Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,874
Interest Rate
6.9%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Richards Robin Stgeorge -- None Available
Richards Robin $1,035,000 Old Republic Title Company
Gallagher Jonathan Lawrence $715,000 Orange Coast Title Of Ca
Maranan Billy M -- --
Maranan Billy M -- Landsafe Title
Maranan Billy M $333,000 Landsafe Title
Lawson Willie -- North American Title Co
Lawson Willie $215,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Robin $750,000
Previous Owner Gallagher Jonathan Lawrence $564,000
Previous Owner Maranan Billy M $332,000
Previous Owner Maranan Billy M $266,400
Previous Owner Lawson Willie $25,000
Previous Owner Lawson Willie $207,874
Closed Maranan Billy M $66,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $1,035,000 -5.5% $284 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
06/12/2018 06/12/18 Price Changed $1,095,000 -4.8% $300 / Sq Ft
04/17/2018 04/17/18 For Sale $1,150,000 +47.4% $315 / Sq Ft
01/02/2017 01/02/17 Sold $780,000 -1.9% $214 / Sq Ft
10/27/2016 10/27/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $795,000 -- $218 / Sq Ft
Source: The MLS

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 $15,141 $1,154,557 $446,205 $708,352
2024 $15,141 $1,131,919 $437,456 $694,463
2023 $14,884 $1,109,726 $428,879 $680,847
2022 $13,982 $1,087,968 $420,470 $667,498
2021 $13,590 $1,066,636 $412,226 $654,410
2019 $13,397 $1,035,000 $400,000 $635,000
2018 $9,518 $729,300 $306,000 $423,300
2016 $5,274 $407,404 $220,219 $187,185
2015 $5,073 $401,286 $216,912 $184,374
2014 $5,057 $393,426 $212,663 $180,763
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mark Witsken

    KW Advisors

    Section Image

  • J

    Buyer's Agent in 2018

    Josh Cohen

  • Steve Welty

    Seller's Agent in 2017

    Steve Welty

    Steve Welty & Associates Inc

    (760) 773-5538

    367 Total Sales

    Section Image
  • Cameron Stearns

    Buyer's Agent in 2017

    Cameron Stearns

    Compass

    (310) 872-8785

    1 in this area

    89 Total Sales

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Map

Source: The MLS

MLS Number: 18-334268

The MLS

APN: 7209-023-013

California Los Angeles County Long Beach 90806 South Wrigley

1948 Cedar Ave, Long Beach, CA

This home is located at 1948 Cedar Ave, Long Beach, CA 90806 since 17 April 2018 and is currently estimated at $1,403,374, approximately $384 per square foot. This property was built in 1941. 1948 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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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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