Ramon Sanchez
Century 21 Allstars
(562) 684-6070
169 Total Sales
2 in South Wrigley
$670,000 Price Range
2382 Cedar Ave Long Beach, CA 90806
South Wrigley Neighborhood
2
Beds
2
Baths
7,512
Sq Ft
6,503
Sq Ft Lot
About This Home
As of November 2019We are pleased to present an eight-unit multifamily property located in an excellent rental market of Long Beach, California. Built in 1986, the property has approximately 7,512 rentable square feet on a 6,501 square foot lot. The subject property has a great unit mix of all two-bedroom / two-bathroom units. Owners enjoy the high demand for rentals in a coastal city. This a rare opportunity to acquire a quality asset in an outstanding rental market and would make a great addition to any investors portfolio.
The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $3.5 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is completed late 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi-family residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 09/17/2019
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 6,503 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 7,512 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Utilities
- Floor Furnace
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 2 / 4
- Tax Tract Number 573100
- Assessor Parcel Number 7205016002
Community Details
Overview
- 8 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Fuel Expense $1,200
- Gardener Expense $1,200
- Insurance Expense $3,005
- Maintenance Expense $5,200
- Other Expense $2,000
- Professional Management Expense $5,238
- Trash Expense $1,200
- Water Sewer Expense $1,200
- New Taxes Expense $24,750
- Operating Expense $46,193
- Gross Income $108,000
- Net Operating Income $58,567
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
Sep 12, 2019
Sold by
Spoolstra Albern L
Bought by
Purchase Details
Closed on
Dec 29, 1994
Sold by
Spoolstra Sharon L
Bought by
Spooletra Dds Albern L
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Wrigley, CA
-
Ramon Sanchez
-
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
-
Danny Umana
Danny Umana
Keller Williams World Media Center
(747) 204-0697
64 Total Sales
1 in South Wrigley
$900,000 Price
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
46 Total Sales
1 in South Wrigley
$769,000 Price
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 | ||
| Spooletra Dds Albern L | -- | -- |
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 |
|---|---|---|---|
| Closed | $1,620,000 |
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 |
|---|---|---|---|---|
| 11/12/2019 11/12/19 | Sold | $2,000,000 | -9.1% | $266 / Sq Ft |
| 10/09/2019 10/09/19 | Pending | -- | -- | -- |
| 09/17/2019 09/17/19 | For Sale | $2,200,000 | -- | $293 / 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 | $29,618 | $2,231,034 | $1,115,517 | $1,115,517 |
| 2025 | $29,618 | $2,187,290 | $1,093,645 | $1,093,645 |
| 2024 | $28,257 | $2,144,402 | $1,072,201 | $1,072,201 |
| 2023 | $27,778 | $2,102,356 | $1,051,178 | $1,051,178 |
| 2022 | $26,077 | $2,061,134 | $1,030,567 | $1,030,567 |
| 2021 | $25,536 | $2,020,720 | $1,010,360 | $1,010,360 |
| 2020 | $25,468 | $2,000,000 | $1,000,000 | $1,000,000 |
| 2019 | $13,658 | $1,009,341 | $302,795 | $706,546 |
| 2018 | $13,291 | $989,551 | $296,858 | $692,693 |
| 2016 | $12,200 | $951,128 | $285,332 | $665,796 |
| 2015 | $11,728 | $936,843 | $281,047 | $655,796 |
| 2014 | $11,678 | $918,492 | $275,542 | $642,950 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Seller's Agent in 2019
Kevin King
Marcus & Millichap
(562) 257-1245
39 Total Sales
-
Anthony Walker
Buyer's Agent in 2019
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
85 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19222261
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
Nearby Homes
- 2441 Cedar Ave
- 2472 Chestnut Ave
- 2245 Pine Ave
- 472 W Burnett St
- 2240 Pine Ave
- 2459 Earl Ave
- 2250 Magnolia Ave
- 2421 Magnolia Ave
- 528 W Burnett St
- 223 E Eagle St
- 2420 Maine Ave
- 2129 Locust Ave
- 2059 Cedar Ave
- 2310 Elm Ave
- 2390 Oregon Ave
- 727 W Hill St
- 741 W Hill St
- 2000 Pacific Ave
- 618 W 21st St
- 2130 Elm Ave
- 2360 Cedar Ave
- 2364 Cedar Ave
- 2350 Cedar Ave
- 2342 Cedar Ave
- 2377 Pacific Ave Unit A and B
- 2363 Pacific Ave
- 2345 Pacific Ave
- 2369 Pacific Ave
- 2341 Pacific Ave
- 2365 Pacific Ave
- 2355 Cedar Ave
- 2367 Cedar Ave
- 2349 Cedar Ave
- 2390 Cedar Ave
- 2375 Cedar Ave
- 2341 Cedar Ave
- 2383 Cedar Ave
- 2316 Cedar Ave
- 2391 Cedar Ave
- 2323 Pacific Ave
Your Personal Tour Guide
Ask me questions while you tour the home.