Marvin Phillip
Y Realty
(562) 740-8346
32 Total Sales
2 in South Wrigley
$865K - $900K Price Range
2360 Cedar Ave Long Beach, CA 90806
South Wrigley Neighborhood
5
Beds
5
Baths
5,644
Sq Ft
6,502
Sq Ft Lot
Highlights
- Spa
- Spa Bath
- Tile Flooring
- No HOA
- Ceramic Countertops
- Ceiling Fan
About This Home
As of February 20158 unit building in great part of Wrigley. Large 1 bedroom units. Building has been meticulously maintained by current owners - no deferred maintenance. Newer exterior paint, interior paint, flooring and landscaping. Separately metered for both gas and electric. Great building to add to your portfolio. Laundry income via seller's own machines. Long Beach has no rent control. Tax rolls state 2 singles, but are very large (625 sq ft) and operate as 1 bedrooms. Stable tenant base w/ definite upside rent potential. Rents are actual, expenses are estimated. Great building to add to your portfolio! Proforma numbers are: $950/unit - $7700/mo - $92,400/yr. Proforma GRM = 10.82, Proforma Cap = 6.7%
Last Agent to Sell the Property
Realty One Group Homelink License #01360644 Listed on: 07/26/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946 | Remodeled
Lot Details
- 6,502 Sq Ft Lot
- No Common Walls
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,644 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Free-Standing Range
- Ceramic Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
- Spa Bath
Parking
- 1 Car Garage
- Parking Available
Outdoor Features
- Spa
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 5 / 4
- Tax Tract Number 5731
- Assessor Parcel Number 7205016005
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $7,115
- Net Operating Income $62,113
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 7, 2017
Sold by
Narotzky Alfred
Bought by
Purchase Details
Listed on
Jul 26, 2014
Closed on
Feb 19, 2015
Sold by
Terra Exploration & Production Company
Bought by
Narotzky Alfred and Narotzky Fanny
Seller's Agent
Julie Hughes
Realty One Group Homelink
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,050,000
Sold Price
$975,000
Premium/Discount to List
-$75,000
-7.14%
Purchase Details
Closed on
Jun 1, 2007
Sold by
Lincoln Trust Co
Bought by
Terra Exploration & Production Co
Purchase Details
Closed on
Sep 9, 2004
Sold by
Law Wan Eeng
Bought by
Lincoln Trust Co and Trofast Investments Profit Sharing Plan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.64%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 15, 1997
Sold by
Law Melvin
Bought by
Law Wan Eeng and Tsu Siew Lee
Purchase Details
Closed on
Oct 11, 1996
Sold by
Low Kum Yoke
Bought by
Law Melvin
Purchase Details
Closed on
Oct 9, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Law Melvin
Purchase Details
Closed on
Aug 6, 1996
Sold by
Smith Edward L
Bought by
Home Svgs Of America Fsb
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Wrigley, CA
-
Marvin Phillip
-
Gina Bryson
Gina Bryson
IFG Realty
(562) 620-3688
43 Total Sales
1 in South Wrigley
$580,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
169 Total Sales
2 in South Wrigley
$670,000 Price Range
-
Lynsey Russell
Lynsey Russell
Keller Williams Pacific Estate
(424) 349-4623
124 Total Sales
2 in South Wrigley
$675K - $850K Price Range
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in South Wrigley
$975,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
38 Total Sales
3 in South Wrigley
$790,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| Narotzky Alfred | $975,000 | Western Resources Title Co | |
| Terra Exploration & Production Co | $850,000 | Investors Title Company | |
| Lincoln Trust Co | $780,000 | Southland Title | |
| Law Wan Eeng | -- | -- | |
| Law Melvin | -- | Investors Title Company | |
| Law Melvin | -- | Investors Title Company | |
| Home Svgs Of America Fsb | $160,000 | Investors Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $700,000 | ||
| Previous Owner | Lincoln Trust Co | $490,000 | |
| Previous Owner | Law Wan Eeng | $400,000 | |
| Previous Owner | Law Wan Eeng | $760,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/04/2025 07/04/25 | Off Market | -- | -- | -- |
| 05/08/2025 05/08/25 | Price Changed | $1,695 | +6.3% | -- |
| 02/01/2025 02/01/25 | Price Changed | $1,595 | -5.9% | -- |
| 10/26/2024 10/26/24 | For Rent | $1,695 | 0.0% | -- |
| 02/27/2015 02/27/15 | Sold | $975,000 | -7.1% | $173 / Sq Ft |
| 02/15/2015 02/15/15 | Pending | -- | -- | -- |
| 07/26/2014 07/26/14 | For Sale | $1,050,000 | -- | $186 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $16,561 | $1,195,228 | $367,762 | $827,466 |
| 2025 | $16,561 | $1,171,793 | $360,551 | $811,242 |
| 2024 | $15,810 | $1,148,818 | $353,482 | $795,336 |
| 2023 | $15,534 | $1,126,293 | $346,551 | $779,742 |
| 2022 | $14,600 | $1,104,209 | $339,756 | $764,453 |
| 2021 | $14,278 | $1,082,559 | $333,095 | $749,464 |
| 2019 | $14,074 | $1,050,452 | $323,216 | $727,236 |
| 2018 | $13,670 | $1,029,856 | $316,879 | $712,977 |
| 2016 | $12,569 | $989,868 | $304,575 | $685,293 |
| 2015 | $11,769 | $947,552 | $613,123 | $334,429 |
| 2014 | $11,718 | $928,991 | $601,113 | $327,878 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Hughes
Seller's Agent in 2015
Julie Hughes
Realty One Group Homelink
(714) 393-5055
21 Total Sales
-
Steve Bogoyevac
SB
Buyer's Agent in 2015
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(424) 405-3826
2 in this area
77 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14159318
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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