NOT LISTED FOR SALE

Estimated Value: $1,181,000 - $1,681,974

4 Beds
4 Baths
2,342 Sq Ft
$610/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $1,226,000 $523 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,819/month

8 Days on Market

Highlights

  • In Ground Pool
  • 0.14 Acre Lot
  • Property is near public transit
  • Woodrow Wilson High School Rated A
  • Craftsman Architecture
  • 5-minute walk to Bixby Park

About This Home

As of August 2021

It will be love at first sight for this charming remodeled 1912 Craftsman plus it’s rear 1 bed/1.5 bath apartment over the garage! From the dark wood fence and the towering trees in the front yard to the sparkling pool in the backyard, 294 Cherry Ave creates an alluring atmosphere. The 3 bed/2 bath main house features an open floor plan and clean design concept with laminate wood floors throughout and a plethora of windows that enhance the spaciousness with volumes of natural light. It is fully smart home enabled with Lutron Smart Switches, Nest thermostat, Nest Smoke Detectors. The living and dining room meld together, creating a seamless flow into the nearby kitchen. Simple and classy, the kitchen offers ample cabinet and counter space. The gray cabinets are the perfect complement to the quartz counters and rich wood floors. All of the bedrooms feature laminate wood floors and upgraded ceiling fans. The master bedroom includes an attached ¾ bathroom, generous closet space, and overlooks the backyard pool. The second residence is a 2-story apartment over the garage with a full kitchen, two private patios, 1.5 bath, and 3rd street frontage & access. The main floor features laminate wood floors and access to the patios through french doors. The upstairs bedroom has carpet and a ½ bath. The expansive backyard sits in the middle and is an ideal haven with its large patio area, gorgeous pool, and exotic landscaping. The patio is great for outdoor dining and relaxing. This amazing property also includes a two-car garage with ample storage space as well as a 2 car driveway and dual washer/dryer areas for each unit.

Last Agent to Sell the Property

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 07/08/2021

eXp Realty of California Inc

Co-Listed By

Susy Cabrera

eXp Realty of California Inc License #01982851

eXp Realty of California Inc

Last Buyer's Agent

Susy Cabrera

eXp Realty of California Inc License #01982851

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 6,241 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Back Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Craftsman Architecture
  • Turnkey

Interior Spaces

  • 2,342 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Living Room with Fireplace
  • Neighborhood Views
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Accessible Parking
  • In Ground Pool
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 2
  • Tax Tract Number 127
  • Assessor Parcel Number 7263007001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Alamitos Beach Subdivision

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,796
  • Gardener Expense $1,440
  • Insurance Expense $1,750
  • Maintenance Expense $200
  • Pool Expense $1,020
  • Trash Expense $499
  • Water Sewer Expense $760
  • Operating Expense $8,465
  • Gross Income $22,200
  • Net Operating Income $58,735

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 760.00
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7263007001
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Recessed Lighting, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Accessibility Features: Parking
  • Fireplace Features: Living Room, Electric
  • Price Per Square Foot: 523.48
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Expense: 1020.00
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 499.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Near Public Transit
  • Lot Size Sq Ft: 6241.00
  • Lot Size Acres: 0.1433

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 2796.00
  • Gross Income: 22200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1750.00
  • Lot Size Area: 6241.0000 Square Feet
  • Maintenance Expense: 200.00
  • Net Operating Income: 58735.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 8465.00
  • Rent Control: No
  • Total Actual Rent: 1850.00
  • Total Expenses: 8465.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 127

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2023
Sold by
Alfaro Toro and Alfaro Jose
Bought by
Toro Alvaro and Alvarenga Jose Osmin
Current Estimated Value
$1,429,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$245,639
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,183,605

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 29, 2021
Sold by
Alvarenga Jose Osmin Alfaro and Alfaro Jose O
Bought by
Toro Alvaro
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Susy Cabrera
eXp Realty of California Inc
List Price
$1,100,000
Sold Price
$1,226,000
Premium/Discount to List
$126,000
11.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.53%

Purchase Details

Listed on
Feb 26, 2018
Closed on
Mar 13, 2018
Sold by
Crockett Kathleen E and Kathleen E Crockett Trust
Bought by
Maples Scott and Kretzmann Amanda
Seller's Agent
Leslie Ocampo
American Financial Group
Buyer's Agent
Scott Maples
Keller Williams Realty Central Coast
List Price
$949,999
Sold Price
$950,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Original Mortgage
$760,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2014
Closed on
Nov 12, 2014
Sold by
Ocean Ridge Equities Llc
Bought by
Crockett Kathleen E and Kathleen F Crockett Trust
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
George Newberry
Berkshire Hathaway Home Srvs
List Price
$750,000
Sold Price
$749,000
Premium/Discount to List
-$1,000
-0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.24%
Original Mortgage
$449,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2014
Sold by
Terbush Timothy D
Bought by
Ocean Ridge Equities Llc

Purchase Details

Closed on
Sep 1, 2005
Sold by
Glanzman Denise M
Bought by
Terbush Timothy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2004
Sold by
Hoelscher Charles Stephen and Hoelscher Yolanda G
Bought by
Terbush Timothy D and Glanzman Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 1996
Sold by
Currie Colin W
Bought by
Hoelscher Charles Stephen and Hoelscher Yolanda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
9.49%
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
Toro Alvaro -- Accommodation/Courtesy Recordi
Toro Alvaro -- First American Title
Avarenga Jose Osmin Alfaro -- First American Title
Toro Alvaro -- First American Title
Toro Alvaro -- Accommodation/Courtesy Recordi
Maples Scott $950,000 Old Republic Title Company
Crockett Kathleen E $749,000 Title 365
Ocean Ridge Equities Llc $590,500 Accommodation
Terbush Timothy D -- Gateway Title Company
Terbush Timothy D $735,000 Gateway Title
Hoelscher Charles Stephen $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toro Alvaro $250,000
Previous Owner Maples Scott $760,000
Previous Owner Crockett Kathleen E $449,000
Previous Owner Terbush Timothy D $650,000
Previous Owner Terbush Timothy D $514,500
Previous Owner Hoelscher Charles Stephen $165,000
Closed Terbush Timothy D $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $1,226,000 +11.5% $523 / Sq Ft
07/08/2021 07/08/21 For Sale $1,100,000 +15.8% $470 / Sq Ft
04/20/2018 04/20/18 Sold $950,000 0.0% $406 / Sq Ft View Prior Sale
03/07/2018 03/07/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $949,999 +26.8% $406 / Sq Ft
11/26/2014 11/26/14 Sold $749,000 -0.1% $316 / Sq Ft View Prior Sale
11/04/2014 11/04/14 Pending -- -- --
10/24/2014 10/24/14 For Sale $750,000 -- $317 / 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 $17,044 $1,301,039 $781,048 $519,991
2024 $16,310 $1,275,530 $765,734 $509,796
2023 $16,039 $1,250,520 $750,720 $499,800
2022 $15,048 $1,226,000 $736,000 $490,000
2021 $12,419 $998,619 $656,986 $341,633
2020 $12,387 $988,380 $650,250 $338,130
2019 $12,243 $969,000 $637,500 $331,500
2018 $9,853 $791,141 $528,132 $263,009
2016 $9,056 $760,422 $507,625 $252,797
2015 $8,689 $700,000 $500,000 $200,000
2014 $10,145 $861,000 $471,643 $389,357
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21117358

California Regional Multiple Listing Service (CRMLS)

APN: 7263-007-001