NOT LISTED FOR SALE

2008 Cherry Ave Signal Hill, CA 90755

Estimated Value: $1,003,000 - $1,507,000

5 Beds
4 Baths
2,295 Sq Ft
$521/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $635,000 $277 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $7,127/month

45 Days on Market

About This Home

As of July 2014

Standard sale of this amazing four unite complex. The complex consists of two separate buildings, the back building consists of two on bedroom units above a two car garage and three one car garages. The front building consists of a two bedroom one bath upstairs and a one bedroom one bath down stairs with it's own front court yard (the front units share one electric and one gas meter, the back one bedrooms each has there own electric and gas meter). Beneath the front building is a huge finished basement for storage or office which brings in additional income. There is also a separate laundry room for the tenants in the back building along with a restroom. The two bedroom has been updated with all new kitchen cabinets, new paint, new bathroom, new flooring, new fixtures, granite counter tops and much more... The exterior of both buildings has new paint, new stair cases (front and back) new dual pane windows thru out. PLEASE DO NOT DISTURB TENANTS, PLEASE RESPECT THERE PRIVACY. ALL OFFERS SUBJECT TO INSPECTION......NO WARRANTIES IMPLIED OR EXPRESSED WHAT SO EVER BY SELLERS OR SELLERS AGENT BUYER TO PERFORM THERE OWN DUE DILIGENCE....

Last Agent to Sell the Property

Steven Guthrie

Platinum Finance Properties License #01440504 Listed on: 06/09/2014

Last Buyer's Agent

Steven Guthrie

Platinum Finance Properties License #01440504 Listed on: 06/09/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,378

Year Built

  • Built in 1940

Lot Details

  • 6,751 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • 2,295 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 7216009010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,378

Year Built

Built in 1940

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7216009010
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 276.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Multi Family

  • Lot Size Area: 6751.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 000
  • Tax Tract Number: 000
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2020
Sold by
Chen John and Chen Sonia Hsiangpin
Bought by
Chen John and Chen Sonia Hsiangping
Current Estimated Value
$1,196,333

Purchase Details

Closed on
Mar 17, 2016
Sold by
Chen John and Chen Sonia
Bought by
The John Chen & Sonia Hsiangping Chen Re

Purchase Details

Listed on
Jun 9, 2014
Closed on
Jul 24, 2014
Sold by
Platinum Finance Properties Inc
Bought by
Chen John and Chen Sonia
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
Steven Guthrie
Platinum Finance Properties
List Price
$689,900
Sold Price
$635,000
Premium/Discount to List
-$54,900
-7.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.80%
Original Mortgage
$476,250
Outstanding Balance
$361,290
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$835,043

Purchase Details

Closed on
Jan 12, 2014
Sold by
Stoner Wes and Stoner Yvonne
Bought by
Stoner Wes and Stoner Yvonne

Purchase Details

Closed on
Sep 1, 1999
Sold by
Baca Efren O and Baca Living Trust
Bought by
Caress Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
7.5%

Purchase Details

Closed on
Apr 15, 1998
Sold by
Baca Efren O and Baca Marilyn K
Bought by
Baca Efren O and Baca Marilyn K
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
Chen John -- Pacific Coast Title Company
The John Chen & Sonia Hsiangping Chen Re -- Pacific Coast Title Company
Chen John $635,000 Lawyers Title Company
Stoner Wes -- Accommodation
Caress Michael $237,500 United Title
Baca Efren O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen John $476,250
Previous Owner Caress Michael $213,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2014 07/31/14 Sold $635,000 -8.0% $277 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $689,900 -- $301 / 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 $10,378 $763,164 $504,773 $258,391
2024 $10,378 $748,201 $494,876 $253,325
2023 $10,208 $733,531 $485,173 $248,358
2022 $9,607 $719,149 $475,660 $243,489
2021 $9,417 $705,049 $466,334 $238,715
2020 $9,391 $698,161 $461,553 $236,608
2019 $9,290 $684,479 $452,503 $231,976
2018 $9,032 $671,066 $443,631 $227,435
2016 $8,346 $644,683 $426,405 $218,278
2015 $8,035 $635,000 $420,000 $215,000
2014 $5,918 $440,000 $200,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14120936

California Regional Multiple Listing Service (CRMLS)

APN: 7216-009-010