Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
25 Total Sales
1 in North Alamitos Beach
$1,150,000 Price
318 Cherry Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
20
Beds
20
Baths
9,740
Sq Ft
9,208
Sq Ft Lot
Highlights
- Marina
- Ocean Side of Highway 1
- Cape Cod Architecture
- Woodrow Wilson High School Rated A
- 0.21 Acre Lot
- Property is near park
About This Home
As of October 2013This fabulous 2 story walk-up building over gated parking is located only 3 blocks to the water in an excellent area of Bellmont Heights. The building is walking distance to Bixby Park and is surrounded by high quality apartment buildings and condminiums. It was built in 1987 and the units offer wonderful tried and true floorplans. Rents have quite a bit of room to move. The last rent of $1,225 demonstrates the upside potential of this property as an apartment building. The building has an approved tract map for condo conversion from 2008 (buyer to verify condition of filing), so it has additional upside from that perspective. The individual units feel much more spacious than the actual square footage would indicate. The units on the upper floor have vaulted ceilings for an even more spacious feel. It is tough to find good buildings in quality locations like this one, and it is priced to move. Please email listing agent for a set-up.
Last Agent to Sell the Property
DOMO Real Estate License #00711607 Listed on: 08/14/2013
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 9,208 Sq Ft Lot
- Lot Dimensions are 92 x 100
- Two or More Common Walls
- West Facing Home
- Fence is in good condition
- Paved or Partially Paved Lot
- Level Lot
Home Design
- Cape Cod Architecture
- Property Attached
- Composition Roof
- Wood Siding
- Copper Plumbing
- Stucco
Interior Spaces
- 9,740 Sq Ft Home
- 3-Story Property
- Built-In Features
- Sliding Doors
- Carpet
- Laundry Room
Kitchen
- Gas Cooktop
- Dishwasher
- Ceramic Countertops
Bedrooms and Bathrooms
- 20 Bedrooms
- 20 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 18 Parking Spaces
- 18 Carport Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Ocean Side of Highway 1
- Exterior Lighting
- Rain Gutters
Location
- Property is near park
Utilities
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2,3
- Tax Tract Number 3350
- Assessor Parcel Number 7263006142
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Recreation
- Marina
Building Details
- 13 Separate Electric Meters
- 13 Separate Gas Meters
- Electric Expense $1,962
- Gardener Expense $2,015
- Insurance Expense $3,586
- Maintenance Expense $7,911
- Other Expense $2,000
- Professional Management Expense $7,911
- Trash Expense $980
- Water Sewer Expense $9,043
- New Taxes Expense $25,203
- Gross Income $13,185
- Net Operating Income $110,092
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
May 3, 2017
Sold by
Bought by
Purchase Details
Closed on
Nov 23, 2015
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
$1,560,000
Interest Rate
3.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 29, 2015
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
$1,560,000
Interest Rate
3.73%
Mortgage Type
Commercial
Purchase Details
Listed on
Aug 14, 2013
Closed on
Sep 26, 2013
Sold by
Bought by
Seller's Agent
Robert Freedman
DOMO Real Estate
Buyer's Agent
Robert Freedman
DOMO Real Estate
List Price
$2,049,000
Sold Price
$2,260,000
Premium/Discount to List
$211,000
10.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,270,000
Interest Rate
4.46%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 15, 2007
Sold by
Bought by
Purchase Details
Closed on
Oct 24, 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
$2,365,000
Interest Rate
5.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 1, 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
$2,365,000
Interest Rate
5.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 5, 2004
Sold by
Bought by
Purchase Details
Closed on
Feb 27, 2002
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
$675,000
Interest Rate
6.8%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Alamitos Beach, CA
-
Richard Gaylord
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
1 in North Alamitos Beach
$325,000 Price
-
Ross Gagnon
Ross Gagnon
Coldwell Banker Realty
(949) 518-3075
39 Total Sales
1 in North Alamitos Beach
$975,000 Price
-
Stephanie Logan
Stephanie Logan
Citrus and Sage Realty
(657) 390-9848
7 Total Sales
1 in North Alamitos Beach
$832,312 Price
-
Robert Vanbeveran
Robert Vanbeveran
Elite Homes Realty
(657) 256-5962
9 Total Sales
1 in North Alamitos Beach
$771,400 Price
-
Poupee Komenkul
Poupee Komenkul
Rodeo Realty
(747) 998-0899
146 Total Sales
3 in North Alamitos Beach
$475K - $515K Price Range
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 | ||
| -- | Chicago Title | ||
| -- | None Available | ||
| -- | None Available | ||
| $2,260,000 | Lawyers Title Company | ||
| -- | None Available | ||
| -- | Fidelity National Title | ||
| $2,135,000 | Fidelity National Title | ||
| -- | -- | ||
| -- | -- | ||
| -- | Lawyers Title Company |
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 |
|---|---|---|---|
| Open | $2,270,000 | ||
| Closed | $1,560,000 | ||
| Closed | $1,270,000 | ||
| Previous Owner | $2,365,000 | ||
| Previous Owner | $2,365,000 | ||
| Previous Owner | $675,000 |
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 |
|---|---|---|---|---|
| 10/30/2013 10/30/13 | Sold | $2,260,000 | +10.3% | $232 / Sq Ft |
| 08/28/2013 08/28/13 | Pending | -- | -- | -- |
| 08/14/2013 08/14/13 | For Sale | $2,049,000 | -- | $210 / 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 | $37,786 | $2,770,440 | $1,544,581 | $1,225,859 |
| 2024 | $36,123 | $2,716,119 | $1,514,296 | $1,201,823 |
| 2023 | $35,507 | $2,662,862 | $1,484,604 | $1,178,258 |
| 2022 | $33,341 | $2,610,650 | $1,455,495 | $1,155,155 |
| 2021 | $32,644 | $2,559,461 | $1,426,956 | $1,132,505 |
| 2019 | $32,177 | $2,483,548 | $1,384,633 | $1,098,915 |
| 2018 | $31,312 | $2,434,852 | $1,357,484 | $1,077,368 |
| 2016 | $28,788 | $2,340,306 | $1,304,772 | $1,035,534 |
| 2015 | $27,640 | $2,305,154 | $1,285,174 | $1,019,980 |
| 2014 | $27,473 | $2,260,000 | $1,260,000 | $1,000,000 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Freedman
Seller's Agent in 2013
Robert Freedman
DOMO Real Estate
(310) 995-2412
65 Total Sales
-
Anthony Barberi
Seller Co-Listing Agent in 2013
Anthony Barberi
Vista Sotheby’s International Realty
(310) 529-2344
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB13163852
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
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