NOT LISTED FOR SALE

2094 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $1,698,000 - $1,708,636

12 Beds
7 Baths
6,041 Sq Ft
$282/Sq Ft Est. Value

Last Sold January 29, 2014

Last sale price $849,950 $141 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $10,097/month

368 Days on Market

About This Home

As of January 2014

7 Unit apartment Building with a desirable mix with owner's unit possibility. Unit nicely maintained and show well and 3 enclosed garages. Each unit individually metered for Gas and Electricity. Units have washer and dryer hook-ups. 2094/2094 1/2 Cedar Ave and 232/240 W 21st St, Long Beach

Last Agent to Sell the Property

Ray Duran

L.A. R.E. NETWORK ERA License #00997237 Listed on: 07/16/2013

L.A. R.E. NETWORK ERA

Last Buyer's Agent

Mary Kasenberg

Coldwell Banker Realty License #00523581

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1907

Lot Details

  • 9,524 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 6,041 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 1,2
  • Tax Tract Number 5161
  • Assessor Parcel Number 7209024001

Community Details

Overview

  • 3 Buildings
  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $1,800
  • Insurance Expense $2,400
  • Pest Control $720
  • Water Sewer Expense $2,400
  • New Taxes Expense $7,800
  • Gross Income $8,210
  • Net Operating Income $63,176

Property Details

Home Type

Multi-Family

Year Built

Built in 1907

Lot Details

0

Parking

3

Listing Details

  • CapRate: 7.20
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 7209024001
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 140.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 720.00

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 9396
  • Lot Size Sq Ft: 9524.00
  • Lot Size Acres: 0.2190

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 8210.00
  • Gross Multiplier: 8.90
  • Gross Scheduled Income: 98520.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 9524.0000 Square Feet
  • Net Operating Income: 63176.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 30418.00
  • Operating Expense Percent: 32.50
  • Other Income Description: Garage
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7800.00
  • Tax Lot: 1,2
  • Tax Tract Number: 5161
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2013
Sold by
Alkian Ilan
Bought by
The Liu Family Trust
Current Estimated Value
$1,703,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 2, 1999
Sold by
Simpson Harold C
Bought by
Dunamis Investments Inc

Purchase Details

Closed on
Jun 19, 1996
Sold by
Simpson Christy M
Bought by
Simpson Harold C

Purchase Details

Closed on
Feb 9, 1996
Sold by
California Federal Bank Fsb
Bought by
Simpson Harold C and Simpson Christy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 3, 1995
Sold by
Eshelman David and California Fsla
Bought by
California Federal Bank Fsb and California Fsla
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
The Liu Family Trust $865,000 Old Republic Title Company
Dunamis Investments Inc -- --
Simpson Harold C -- --
Simpson Harold C $135,000 Chicago Title Co
California Federal Bank Fsb $168,941 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Liu Family Trust $500,000
Previous Owner Simpson Harold C $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2014 01/29/14 Sold $849,950 0.0% $141 / Sq Ft
12/18/2013 12/18/13 Pending -- -- --
12/15/2012 12/15/12 For Sale $849,950 -- $141 / 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 $14,078 $1,060,362 $367,754 $692,608
2024 $14,078 $1,039,572 $360,544 $679,028
2023 $13,845 $1,019,189 $353,475 $665,714
2022 $13,017 $999,206 $346,545 $652,661
2021 $12,736 $979,614 $339,750 $639,864
2020 $12,700 $969,980 $336,267 $633,713
2019 $12,555 $950,970 $329,674 $621,296
2018 $12,133 $932,332 $323,210 $609,122
2016 $11,134 $895,736 $310,660 $585,076
2015 $10,695 $882,282 $305,994 $576,288
2014 $7,685 $604,031 $420,197 $183,834
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Ray Duran

    L.A. R.E. NETWORK ERA

    Section Image

  • M

    Buyer's Agent in 2014

    Mary Kasenberg

    Coldwell Banker Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB12151417

California Regional Multiple Listing Service (CRMLS)

APN: 7209-024-001

California Los Angeles County Long Beach 90806 South Wrigley

2094 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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