NOT LISTED FOR SALE

2831 E Cade St Long Beach, CA 90805

Ramona Park Neighborhood

Estimated Value: $755,000 - $869,091

3 Beds
2 Baths
1,372 Sq Ft
$585/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $700,000 $510 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,981/month

6 Days on Market

About This Home

As of August 2022

Attractive opportunity for a first time home buyer or an investor looking to generate immediate cash flow. Two detached units in a quiet and safe part of North Long Beach. Beautiful main home is a two bedroom and one bathroom, back unit is a one bedroom and one bathroom. Units are move-in ready, live in one and rent the other (or simply rent both units), long driveway to accommodate multiple vehicles, must see to appreciate. Close to Freeways, Shopping Centers, Lakewood Mall, Parks and Schools. Virtual Tour and Video available. Property will not last.

Last Agent to Sell the Property

Elvis Huerta

United Real Estate Pacific States License #02013961 Listed on: 05/23/2022

United Real Estate Pacific States

Last Buyer's Agent

Elva Loera

Fredericks Realty License #01393320

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 4,470 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • 1,372 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • Parking Available
  • Driveway

Listing and Financial Details

  • Legal Lot and Block 17 / C
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120006015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7120006015
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 510.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 4470.00
  • Lot Size Acres: 0.1026

Multi Family

  • Lot Size Area: 4470.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5702.04
  • Tax Lot: 17
  • Tax Tract Number: 6807

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2009
Sold by
Torres Pedro and Torres Mario
Bought by
Ruelas Gilda G
Current Estimated Value
$802,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Outstanding Balance
$164,560
Interest Rate
4.83%
Mortgage Type
FHA
Estimated Equity
$637,713

Purchase Details

Closed on
Sep 5, 2009
Sold by
Torres Pedro
Bought by
Torres Pedro and Torres Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Outstanding Balance
$164,560
Interest Rate
4.83%
Mortgage Type
FHA
Estimated Equity
$637,713

Purchase Details

Closed on
Jun 19, 2009
Sold by
Razon Rosa E
Bought by
Torres Pedro

Purchase Details

Closed on
Apr 14, 2009
Sold by
Us Bank National Association
Bought by
Torres Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,196
Interest Rate
4.83%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2008
Sold by
Vanedwin
Bought by
Us Bank Na and Structured Asset Investment Loan Trust 2

Purchase Details

Closed on
Aug 1, 2005
Sold by
Vanbenita
Bought by
Vanedwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2005
Sold by
Eguizabal Maria Irma
Bought by
Vanedwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2004
Sold by
Mora Saul and Mora Dolores
Bought by
Equizabal Maria Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2003
Sold by
Santos Jesus
Bought by
Mora Saul and Mora Dolores

Purchase Details

Closed on
Dec 4, 2002
Sold by
Motte James A
Bought by
Santos Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
5.83%

Purchase Details

Closed on
Apr 15, 2002
Sold by
Ramirez Jose and Ramirez Raquel
Bought by
Motte James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,950
Interest Rate
6.83%
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

Date Buyer Sale Price Title Company
Ruelas Gilda G $260,000 Provident Title Company
Torres Pedro -- Provident Title Company
Torres Pedro -- Stewart Title
Torres Pedro $210,000 Stewart Title
Us Bank Na $397,702 None Available
Vanedwin -- Fidelity Van Nuys
Vanedwin $475,000 Fidelity Van Nuys
Equizabal Maria Irma $330,000 Itc
Mora Saul -- --
Santos Jesus $255,000 Commonwealth Land Title
Motte James A $200,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruelas Gilda G $255,290
Previous Owner Torres Pedro $206,196
Previous Owner Vanedwin $441,750
Previous Owner Equizabal Maria Irma $264,000
Previous Owner Santos Jesus $242,250
Previous Owner Motte James A $159,950
Closed Motte James A $39,950
Closed Equizabal Maria Irma $66,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2022 08/15/22 Sold $700,000 +7.9% $510 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $649,000 -- $473 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $9,318 $728,280 $312,120 $416,160
2024 $9,318 $714,000 $306,000 $408,000
2023 $9,162 $700,000 $300,000 $400,000
2022 $4,200 $316,240 $158,120 $158,120
2021 $4,112 $310,040 $155,020 $155,020
2020 $4,101 $306,862 $153,431 $153,431
2019 $4,054 $300,846 $150,423 $150,423
2018 $3,883 $294,948 $147,474 $147,474
2016 $3,573 $283,498 $141,749 $141,749
2015 $3,433 $279,240 $139,620 $139,620
2014 $3,417 $273,772 $136,886 $136,886
Source: Public Records

Agents Affiliated with this Home

  • Elvis Huerta

    Seller's Agent in 2022

    Elvis Huerta

    United Real Estate Pacific States

    (562) 479-3761

    1 in this area

    25 Total Sales

    Elvis Huerta
    Section Image

  • E

    Buyer's Agent in 2022

    Elva Loera

    Fredericks Realty

    (310) 228-8247

    1 in this area

    33 Total Sales

    Elva Loera
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22108043

California Regional Multiple Listing Service (CRMLS)

APN: 7120-006-015

California Los Angeles County Long Beach 90805 Ramona Park

2831 E Cade St, Long Beach, CA

Not Listed for Sale

MultiFamily

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