NOT LISTED FOR SALE

2051 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood
14 Beds
8 Baths
5,898 Sq Ft
6,375 Sq Ft Lot

Last Sold July 11, 2014

Last sale price $700,000 $119 Per Sq Ft

40 Days on Market

Highlights

  • Fireplace in Bathroom
  • Laundry Room
  • Wall Furnace
  • No HOA

About This Home

As of July 2014

GREAT VALUE 8 UNIT APARTMENT BUILDING IN THE WRIGLEY AREA OF LONG BEACH WITH A GOOD UNIT MIX OF FIVE 2 BEDROOM 1BATH, ONE 3BEDROOM 1BATH, ONE 1BEDROOM 1BATH & A SINGLE/STUDIO 1BATH. NEWER EXTERIOR PAINT & ROOF, FIRE EXTINGUISHER OUTSIDE EACH UNIT, GATED FENCE WITH LOCKING KEY. 3 SPACES OPEN PARKING, LEASED LAUNDRY FACILITY ON SITE. GOOD LONG TERM TENANTS PAY RENT
ON TIME. SOLD IN AS IS CONDITION. STANDARD SALE.

Last Agent to Sell the Property

Myrna Dwyer

C-21 Classic Estates License #00830112 Listed on: 05/01/2014

Last Buyer's Agent

Myrna Dwyer

C-21 Classic Estates License #00830112 Listed on: 05/01/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,375 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in average condition

Home Design

  • Property Attached
  • Slab Foundation
  • Stucco

Interior Spaces

  • 5,898 Sq Ft Home
  • 2-Story Property
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 3 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 18 / 2
  • Tax Tract Number 5161
  • Assessor Parcel Number 7209025019

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $480
  • Insurance Expense $3,684
  • Maintenance Expense $1,200
  • Water Sewer Expense $4,800
  • New Taxes Expense $8,904
  • Gross Income $5,725
  • Net Operating Income $47,448

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 4800.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7209025019
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath, Kitchen
  • Levels: Two
  • Price Per Square Foot: 118.68

Exterior Features

  • Foundation: Slab
  • Fencing: Average Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 6375.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 750
  • Average3 Bed Area: 850
  • Average Studio Area: 548
  • Electric Expense: 480.00
  • Gross Income: 5725.00
  • Gross Scheduled Income: 68700.00
  • Gross Spendable Income: 68700.00
  • Insurance Expense: 3684.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6375.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 47448.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 22452.00
  • Rent Control: No
  • Total Actual Rent: 5725.00

Tax Info

  • New Taxes Expense: 8904.00
  • Tax Block: 2
  • Tax Lot: 18
  • Tax Tract Number: 5161
  • Tax Year: 2013

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
07/11/2014 07/11/14 Sold $700,000 -6.7% $119 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $750,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Myrna Dwyer

    Seller's Agent in 2014

    Myrna Dwyer

    C-21 Classic Estates

    (562) 889-8104

    43 Total Sales

    Myrna Dwyer
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14092183

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 South Wrigley

2051 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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