NOT LISTED FOR SALE

2227 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood
9 Beds
7 Baths
6,570 Sq Ft
6,502 Sq Ft Lot

Last Sold June 10, 2014

Last sale price $1,075,000 $164 Per Sq Ft

64 Days on Market

About This Home

As of June 2014

This home is located at 2227 Cedar Ave, Long Beach, CA 90806 since 07 April 2014. This property was built in 1960. 2227 Cedar Ave is a home located in Los Angeles County with nearby schools including Lafayette Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Last Agent to Sell the Property

Abu Majumder

Abu Majumder, Broker License #01275191 Listed on: 04/07/2014

Abu Majumder, Broker

Co-Listed By

H. Kim Huntley

Howard Huntley, Broker License #00497788

Last Buyer's Agent

Cindy Ludwig

First Team Real Estate License #01020764

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,502 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • 6,570 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 21 / 7
  • Assessor Parcel Number 7205022021

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $756
  • Gardener Expense $720
  • Insurance Expense $4,731
  • Maintenance Expense $2,400
  • Other Expense $800
  • Water Sewer Expense $2,988
  • New Taxes Expense $14,448
  • Gross Income $8,092
  • Net Operating Income $65,329

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.44
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 2988.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7205022021
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 163.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 6502.00
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 756.00
  • Gross Income: 8092.00
  • Gross Multiplier: 12.36
  • Gross Scheduled Income: 97104.00
  • Insurance Expense: 4731.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6502.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 65329.00
  • Number Of Rented Garages: 1
  • 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: 28892.00
  • Operating Expense Percent: 30.00
  • Other Expense: 800.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 7940.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14448.00
  • Tax Block: 7
  • Tax Lot: 21
  • Tax Year: 2013

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

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2014 06/10/14 Sold $1,075,000 -10.4% $164 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $1,200,000 -- $183 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Abu Majumder

    Seller's Agent in 2014

    Abu Majumder

    Abu Majumder, Broker

    (310) 856-1121

    2 Total Sales

    Abu Majumder
    Section Image

  • H

    Seller Co-Listing Agent in 2014

    H. Kim Huntley

    Howard Huntley, Broker

    Section Image

  • C

    Buyer's Agent in 2014

    Cindy Ludwig

    First Team Real Estate

    (310) 849-8515

    12 Total Sales

    Cindy Ludwig
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14071035

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

2227 Cedar Ave, Long Beach, CA

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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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