NOT LISTED FOR SALE

2005 Cerritos Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $686,000 - $838,000

3 Beds
2 Baths
1,368 Sq Ft
$556/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $552,000 $404 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,709/month

277 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 3-minute walk to Martin Luther King Jr Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2020

GREAT DUPLEX, SELLER VERY MOTIVATED, DRIVE BY AND CALL L.O. OR AGENT.GREAT INVESMENT, NICE CONERLOT

Last Agent to Sell the Property

Juan Manuel Arenas

Arenas Realty License #00995215 Listed on: 06/03/2019

Last Buyer's Agent

Juan Manuel Arenas

Arenas Realty License #00995215 Listed on: 06/03/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,775

Year Built

  • Built in 1921

Lot Details

  • 4,000 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • 1,368 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 11
  • Assessor Parcel Number 7210027030

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $850
  • Trash Expense $360
  • New Taxes Expense $1,500
  • Operating Expense $2,710
  • Gross Income $28,800
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,775

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: PALM PLACE TRACT
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7210027030
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 403.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918

Multi Family

  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 850.00
  • Lot Size Area: 4000.0000 Square Feet
  • Net Operating Income: 27600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 2710.00

Tax Info

  • New Taxes Expense: 1500.00
  • Tax Census Tract: 5733.00
  • Tax Lot: 24
  • Tax Tract Number: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2019
Closed on
Apr 28, 2020
Sold by
Gallegos Jose
Bought by
Jimenez Angelica M
Seller's Agent
Juan Manuel Arenas
Arenas Realty
Buyer's Agent
Juan Manuel Arenas
Arenas Realty
List Price
$600,000
Sold Price
$552,000
Premium/Discount to List
-$48,000
-8%
Current Estimated Value
$741,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,676
Avg. Annual Appreciation
6.25%
Original Mortgage
$542,001
Outstanding Balance
$479,719
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$280,542

Purchase Details

Listed on
Jun 3, 2019
Closed on
Apr 6, 2020
Sold by
Montes Jose G
Bought by
Jimenez Angelica M and Jimenez Marco A
Seller's Agent
Juan Manuel Arenas
Arenas Realty
Buyer's Agent
Juan Manuel Arenas
Arenas Realty
List Price
$600,000
Sold Price
$552,000
Premium/Discount to List
-$48,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,001
Outstanding Balance
$479,719
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$280,542

Purchase Details

Closed on
Dec 29, 2005
Sold by
Montes Margarita
Bought by
Montes Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2005
Sold by
Castillo Roberto
Bought by
Montes Jose G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2005
Sold by
Jimenez Juan Carlos and Jimenez Marisela
Bought by
Castillo Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.92%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 16, 2002
Sold by
Hud
Bought by
Jimenez Juan Carlos and Jimenez Marisela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,550
Interest Rate
5.37%

Purchase Details

Closed on
Nov 9, 2001
Sold by
Sanchez Martin C
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Jun 18, 2001
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Sep 29, 1999
Sold by
Sanchez Maria
Bought by
Sanchez Martin C

Purchase Details

Closed on
Jul 21, 1999
Sold by
Hays Tabernacle Cme Church Inc
Bought by
Sanchez Martin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,781
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 28, 1998
Sold by
Hud
Bought by
Hays & Tabernacle C M E Church Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.91%

Purchase Details

Closed on
Jun 26, 1998
Sold by
Carcamo Hugo
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Mar 2, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Oct 16, 1996
Sold by
First Bank National Assn
Bought by
Carcamo Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,300
Interest Rate
7.76%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 18, 1995
Sold by
Hutchings Alfred W and Hutchings Jennifer
Bought by
First Bank National Assn and The United Mtg Securities Corp Conduit M

Purchase Details

Closed on
Apr 20, 1994
Sold by
Hutchings Alfred W and Hutchings Jennifer
Bought by
Smith Houston
Source: Public Records

Range of Values:

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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
Jimenez Angelica M -- Provident Title Company
Jimenez Angelica M $552,000 Provident Title Company
Montes Jose G -- First American Title Co La
Montes Jose G $485,000 First American Title Co La
Castillo Roberto $410,000 First American Title Company
Jimenez Juan Carlos $215,000 Multiple
Chase Manhattan Mtg Corp $167,348 First American Title Ins Co
Hud -- First American Title Ins Co
Sanchez Martin C -- Provident Title
Sanchez Martin C $149,000 Provident Title
Hays & Tabernacle C M E Church Inc $92,500 Provident Title
Countrywide Home Loans Inc $132,063 Landsafe Title
Hud -- Landsafe Title
Carcamo Hugh $81,000 Fidelity Title
First Bank National Assn $83,083 Benefit Land Title Company
Smith Houston -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Angelica M $542,001
Previous Owner Montes Jose G $463,000
Previous Owner Montes Jose G $388,000
Previous Owner Castillo Roberto $328,000
Previous Owner Jimenez Juan Carlos $50,000
Previous Owner Jimenez Juan Carlos $208,550
Previous Owner Sanchez Martin C $147,781
Previous Owner Hays & Tabernacle C M E Church Inc $96,000
Previous Owner Carcamo Hugh $162,300
Closed Castillo Roberto $82,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $552,000 -8.0% $404 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
03/01/2020 03/01/20 For Sale $600,000 +8.7% $439 / Sq Ft
01/30/2020 01/30/20 Off Market $552,000 -- --
06/03/2019 06/03/19 For Sale $600,000 -- $439 / Sq Ft
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 $7,775 $603,687 $273,408 $330,279
2024 $7,775 $591,851 $268,048 $323,803
2023 $7,644 $580,247 $262,793 $317,454
2022 $7,176 $568,871 $257,641 $311,230
2021 $7,033 $557,718 $252,590 $305,128
2020 $6,631 $520,000 $325,000 $195,000
2019 $5,951 $460,000 $287,500 $172,500
2018 $5,390 $420,000 $262,500 $157,500
2016 $4,396 $355,000 $221,900 $133,100
2015 $3,663 $300,000 $187,500 $112,500
2014 $3,030 $240,000 $150,000 $90,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Juan Manuel Arenas

    Arenas Realty

    (323) 449-1906

    3 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19140851

California Regional Multiple Listing Service (CRMLS)

APN: 7210-027-030

California Los Angeles County Long Beach 90806 Sunrise

2005 Cerritos Ave, Long Beach, CA

This home is located at 2005 Cerritos Ave, Long Beach, CA 90806 since 03 June 2019 and is currently estimated at $760,261, approximately $555 per square foot. This property was built in 1921. 2005 Cerritos Ave is a home located in Los Angeles County with nearby schools including Signal Hill Elementary School, Nelson Academy, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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