NOT LISTED FOR SALE

2840 E Cade St Long Beach, CA 90805

Ramona Park Neighborhood

Estimated Value: $844,160 - $1,032,000

6 Beds
2 Baths
2,106 Sq Ft
$442/Sq Ft Est. Value

Last Sold April 22, 2014

Last sale price $441,000 $209 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,473/month

24 Days on Market

About This Home

As of April 2014

The two story 1970 built duplex consisting of two 3 bedroom units sits on 4,619 square feet of land with parking on site for tenants. This rare multi unit building situated on Cade St in North Long Beach has been grandfathered in giving the lot more value for an investor. Located in close proximity to freeways gives great value for renters as well as a potential owner occupant.

**DO NOT DISTURB TENANTS**

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 02/21/2014

Last Buyer's Agent

Dalida Lim

Starburst Realty License #01329154

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 4,620 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,106 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120008009

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Insurance Expense $900
  • Trash Expense $205
  • Water Sewer Expense $300
  • New Taxes Expense $7,043
  • Gross Income $1,325
  • Net Operating Income $13,427

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 7120008009
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 209.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 205.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 4620.00
  • Lot Size Acres: 0.1060

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 1325.00
  • Gross Scheduled Income: 15900.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4620.0000 Square Feet
  • Net Operating Income: 13427.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9517.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7043.00
  • Tax Lot: 9
  • Tax Tract Number: 6807
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2014
Closed on
Mar 20, 2014
Sold by
Gibson Richard W
Bought by
Torn Sarith and Eang Helen
Seller's Agent
Jack Levis
CBRE Inc.
Buyer's Agent
Dalida Lim
Starburst Realty
List Price
$450,000
Sold Price
$441,000
Premium/Discount to List
-$9,000
-2%
Current Estimated Value
$931,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,540
Avg. Annual Appreciation
6.61%
Original Mortgage
$330,750
Outstanding Balance
$249,645
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$681,895

Purchase Details

Closed on
Nov 12, 1993
Sold by
Gibson Frank R and Gibson Lorraine J
Bought by
Gibson Frank R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.85%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Torn Sarith $441,000 Old Republic Title
Gibson Frank R -- --
Gibson Frank R -- North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torn Sarith $330,750
Previous Owner Gibson Frank R $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2014 04/22/14 Sold $441,000 -2.0% $209 / Sq Ft
03/17/2014 03/17/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $450,000 -- $214 / 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 $7,102 $540,593 $197,358 $343,235
2024 $7,102 $529,994 $193,489 $336,505
2023 $6,983 $519,603 $189,696 $329,907
2022 $6,562 $509,416 $185,977 $323,439
2021 $6,427 $499,429 $182,331 $317,098
2019 $6,336 $485,018 $176,924 $308,094
2018 $6,105 $475,516 $173,455 $302,061
2016 $5,611 $456,669 $166,720 $289,949
2015 $5,387 $449,810 $164,216 $285,594
2014 $1,151 $71,347 $15,572 $55,775
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jack Levis

    CBRE Inc.

    Section Image

  • D

    Buyer's Agent in 2014

    Dalida Lim

    Starburst Realty

    (562) 225-1975

    9 Total Sales

    Dalida Lim
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14036936

California Regional Multiple Listing Service (CRMLS)

APN: 7120-008-009

California Los Angeles County Long Beach 90805 Ramona Park

2840 E Cade St, Long Beach, CA

Not Listed for Sale

MultiFamily

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