NOT LISTED FOR SALE

2500 Cedar Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $871,000 - $1,015,488

4 Beds
2 Baths
2,120 Sq Ft
$434/Sq Ft Est. Value

Sale Details

Date Sold: September 29, 2020

Last sale price $680,000 $321 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,697 / mo

32 Days on Market

Highlights

  • Property is near public transit
  • Landscaped
  • Front Yard
  • Corner Lot

About This Home

As of September 2020

Duplex Opportunity in Lovely Long Beach. This two story corner lot investment opportunity offers two units and is income producing with light value add potential. Quaint front, side and backyard for relaxation. Each unit has two bedrooms and one bathroom. Units have separate gas and electricity meters. Lovely stucco building with a tile roof and two car garage parking. Offers a unique opportunity for a savvy buyer to live in one and have the investment pay down the mortgage. Walkability score of 84 so this is a true selling point for potential tenants. Close to shopping and public transportation. Recently appraised and being offered well below appraised value. Please do not disturb tenants and do not walk the property. Make all offers subject to interior inspection.

Last Agent to Sell the Property

Keisha Hosea

KASI Homes License #01489340 Listed on: 07/12/2020

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 4,252 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Corner Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,120 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 24 / 1
  • Assessor Parcel Number 7205004023

Community Details

Overview

  • 2 Units

Building Details

  • 32 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,000
  • Water Sewer Expense $720
  • New Taxes Expense $6,040
  • Operating Expense $7,760
  • Gross Income $36,000
  • Net Operating Income $30,214

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

4,252 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Willow
  • Water Sewer Expenses: 720.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7205004023
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 320.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Near Public Transit
  • Lot Size Sq Ft: 4252.00
  • Lot Size Acres: 0.0976

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4252.0000 Square Feet
  • Net Operating Income: 30214.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 32
  • Number Of Units Total: 2
  • Operating Expense: 5786.00
  • Rent Control: Yes
  • Total Actual Rent: 3000.00
  • Total Expenses: 7760.00

Tax Info

  • New Taxes Expense: 6040.00
  • Tax Block: 1
  • Tax Census Tract: 5731.00
  • Tax Lot: 24
  • Tax Tract Number: Willow

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

Listed on
Jul 12, 2020
Closed on
Aug 14, 2020
Sold by
Bought by
Seller's Agent
Keisha Hosea
KASI Homes
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$699,000
Sold Price
$680,000
Premium/Discount to List
-$19,000
-2.72%
Current Estimated Value
$919,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,872
Avg. Annual Appreciation
5.36%
Original Mortgage
$664,987
Interest Rate
0.029%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
0.044%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
0.0523%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 17, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
0.0597%

Purchase Details

Closed on
Sep 21, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$680,000 Corinthian Title Company
-- Ticor Title Co Of Ca
-- Ticor Title Co Of Ca
-- First American Title Company
-- Diversified Title & Escrow
$129,000 Commonwealth Land Title Co
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
Previous Owner $664,987
Previous Owner $428,000
Previous Owner $420,000
Previous Owner $360,000
Previous Owner $270,000
Previous Owner $208,000
Previous Owner $171,585
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
09/29/2020 09/29/20 Sold $680,000 -2.7% $321 / Sq Ft
08/13/2020 08/13/20 Pending -- -- --
07/12/2020 07/12/20 For Sale $699,000 -- $330 / 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
2025 $9,780 $736,053 $324,729 $411,324
2024 $9,353 $721,621 $318,362 $403,259
2023 $9,196 $707,472 $312,120 $395,352
2022 $8,631 $693,600 $306,000 $387,600
2021 $8,539 $680,000 $300,000 $380,000
2020 $4,113 $306,187 $183,340 $122,847
2019 $4,066 $300,185 $179,746 $120,439
2018 $3,917 $294,300 $176,222 $118,078
2016 $3,596 $282,874 $169,380 $113,494
2015 $3,456 $278,626 $166,836 $111,790
2014 $3,440 $273,169 $163,568 $109,601
Source: Public Records

Agents Affiliated with this Home

  • Keisha Hosea

    Seller's Agent in 2020

    Keisha Hosea

    KASI Homes

    (877) 534-7421

    1 in this area

    14 Total Sales

    Keisha Hosea
    Section Image
  • Cody Charnell

    Buyer's Agent in 2020

    Cody Charnell

    Sage Real Estate Group, Inc.

    (562) 896-3851

    2 in this area

    53 Total Sales

    Cody Charnell
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG20136811

California Regional Multiple Listing Service (CRMLS)

APN: 7205-004-023

California Los Angeles County Long Beach 90806 South Wrigley

2500 Cedar Ave, Long Beach, CA

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.

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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