2153 Cedar Ave Long Beach, CA 90806
South Wrigley NeighborhoodEstimated Value: $822,000 - $1,075,000
5
Beds
3
Baths
2,234
Sq Ft
$440/Sq Ft
Est. Value
Highlights
- Spanish Architecture
- No HOA
- Tile Flooring
- Private Yard
- Laundry Room
- Ceiling Fan
About This Home
As of January 2024***BACK ON THE MARKET AFTER BEING FULLY REMODELED***Discover a remarkable investment opportunity with this rare Spanish-style TRI-PLEX situated in the heart of South Wrigley area of Long Beach. Highlights include front unit as a Single Family Detached is freshly painted inside, it has an updated kitchen, new laminate wood flooring, renovated bathroom, inside washer/dryer room, private backyard/courtyard with an avocado tree and sitting area for the front unit that is free standing and no other structure attached. Front unit shows as 2 bedroom per tax records, but it is currently approved Section8 as a 3 Bedroom unit with 1 full bathroom, additional features include a large detached two-car garage with a long driveway and a secured metal gate. Bottom unit in the back has new laminate flooring, upgraded kitchen counter tops with new stove/oven. The 2 back spacious units have 1 bedroom, bathroom, and living room. The 2 back units have a total of 2 parking spaces that they can access from the alley behind the property with a secured metal gate. For convenience the 2 back units share an enclosed separate laundry room. There is separate gas and electric meters for each unit. This is a prime location just minutes from schools, shopping centers, dining, entertainment, Downtown Long Beach and the beach.
Last Agent to Sell the Property
Lenders Rate Approval.com Corp License #00851118 Listed on: 03/18/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,813
Year Built
- Built in 1931
Lot Details
- 6,432 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
- Wood Fence
- Private Yard
- Front Yard
Parking
- 2 Car Garage
- Parking Available
- Driveway
- Parking Lot
Home Design
- Triplex
- Spanish Architecture
Interior Spaces
- 2,234 Sq Ft Home
- Ceiling Fan
- Living Room with Fireplace
- Window Bars
- Laundry Room
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Radiant Heating System
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 18 / 3
- Tax Tract Number 5161
- Assessor Parcel Number 7205027020
- $652 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Wrigley Area Subdivision
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $282
- Gardener Expense $660
- Insurance Expense $1,810
- Water Sewer Expense $971
- Operating Expense $2,190
- Gross Income $56,400
- Net Operating Income $55,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 18, 2023
Closed on
Dec 8, 2023
Sold by
Mcconnell James W and Mcconnell Anne P
Bought by
Parker Marc
Seller's Agent
A.J Yue
Lenders Rate Approval.com Corp
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$1,024,900
Sold Price
$1,000,000
Premium/Discount to List
-$24,900
-2.43%
Total Days on Market
257
Views
182
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,289
Avg. Annual Appreciation
-1.23%
Original Mortgage
$900,000
Outstanding Balance
$888,175
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$94,536
Purchase Details
Closed on
May 22, 2009
Sold by
Smith Linda
Bought by
Mcconnell James W and Mcconnell Anne P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 18, 1998
Sold by
Boosalis Deno H and Boosalis Karen R
Bought by
Smith Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,996
Interest Rate
6.63%
Mortgage Type
FHA
Similar Homes in Long Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parker Marc | $1,000,000 | Western Resources Title | |
| Mcconnell James W | $390,000 | Netco Title | |
| Smith Linda | $151,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Parker Marc | $900,000 | |
| Previous Owner | Mcconnell James W | $384,700 | |
| Previous Owner | Mccon | $50,000 | |
| Previous Owner | Mcconnell James W | $413,000 | |
| Previous Owner | Mcconnell James W | $50,000 | |
| Previous Owner | Mcconnell James W | $281,000 | |
| Previous Owner | Mcconnell James W | $292,500 | |
| Previous Owner | Smith Linda | $200,000 | |
| Previous Owner | Smith Linda | $149,996 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/12/2024 01/12/24 | Sold | $1,000,000 | -2.4% | $448 / Sq Ft |
| 12/01/2023 12/01/23 | Pending | -- | -- | -- |
| 10/04/2023 10/04/23 | For Sale | $1,024,900 | +2.5% | $459 / Sq Ft |
| 03/28/2023 03/28/23 | Off Market | $1,000,000 | -- | -- |
| 03/28/2023 03/28/23 | Pending | -- | -- | -- |
| 03/18/2023 03/18/23 | For Sale | $949,000 | -- | $425 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $6,813 | $493,535 | $253,094 | $240,441 |
| 2023 | $6,696 | $483,859 | $248,132 | $235,727 |
| 2022 | $6,298 | $474,372 | $243,267 | $231,105 |
| 2021 | $6,163 | $465,072 | $238,498 | $226,574 |
| 2020 | $6,147 | $460,704 | $236,053 | $224,651 |
| 2019 | $6,076 | $451,679 | $231,425 | $220,254 |
| 2018 | $5,849 | $442,832 | $226,888 | $215,944 |
| 2016 | $5,380 | $425,254 | $218,079 | $207,175 |
| 2015 | $5,170 | $418,868 | $214,804 | $204,064 |
| 2014 | $5,146 | $410,664 | $210,597 | $200,067 |
Source: Public Records
Agents Affiliated with this Home
-
A.J Yue
A
Seller's Agent in 2024
A.J Yue
Lenders Rate Approval.com Corp
(949) 856-9000
1 in this area
21 Total Sales
-
Jeffrey Isenberg
Buyer's Agent in 2024
Jeffrey Isenberg
Buckingham Investments, Inc
(310) 982-7055
1 in this area
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23038360
APN: 7205-027-020
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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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