NOT LISTED FOR SALE

Estimated Value: $1,528,000 - $1,848,536

7 Beds
4 Baths
4,473 Sq Ft
$380/Sq Ft Est. Value

Sale Details

Date Sold: November 16, 2021

Last sale price $1,600,000 $358 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,012 / mo

9 Days on Market

Highlights

  • City Lights View
  • Bonus Room
  • High Ceiling
  • Longfellow Elementary School Rated A-
  • Corner Lot
  • 3-minute walk to Reservoir Park

About This Home

As of November 2021

1st Time on Market in 40+ Years! 3400 Cerritos Ave is located in the highly desirable California Heights (“Cal Heights”) neighborhood in Long Beach. This gorgeous 3 unit multifamily property has been owned by the same family for over 40 years, and has been extremely well maintained with newer windows, plumbing, gutters, and clean units. This property offers an ideal opportunity for an owner occupier or local investor looking for pride of ownership. The property was built in 1978 and comprised of (1) 3/2 unit in the front with a bonus room, fireplace, and detached two car garage. In the rear are (2) 2/1 units upstairs with vaulted ceilings, a spacious bathroom, and large unit sizes. One unit is ready for immediate occupancy. With a community laundry room, (5) garages with automatic openers, this property offers tons of amenities to fit all of your needs. There is a potential to convert the detached garage structure into an ADU and perhaps more as the property sits on commercially zoned land totaling 6,043 SF. Prime Location in California Heights near Virginia Country Club, Bixby Knolls, LB Exchange, LB Airport, Memorial Hospital, Freeways, and walking distance to Restaurants & Shops.

Last Agent to Sell the Property

Brian Noh

Nohco Real Estate License #01438155 Listed on: 09/29/2021

Last Buyer's Agent

William Larson

First Team Real Estate License #01373184

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,043 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener

Home Design

  • Triplex
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,473 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Bonus Room
  • City Lights Views
  • Fire and Smoke Detector
  • Laundry in unit

Kitchen

  • Gas Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 44 / 12
  • Tax Tract Number 5630
  • Assessor Parcel Number 7146026025
  • $776 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • California Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $28,750
  • Gross Income $84,300
  • Net Operating Income $53,021

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

6,043 Sq Ft Lot

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • Subdivision Name Other: California Heights (CH)
  • View: Yes
  • Zoning: LBCCA
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7146026025
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 357.70
  • Room Type: Bonus Room, Kitchen, Living Room, Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • View: City Lights
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 6043.00
  • Lot Size Acres: 0.1387

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 84300.00
  • Gross Scheduled Income: 84300.00
  • Lot Size Area: 6043.0000 Square Feet
  • Net Operating Income: 53021.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Expenses: 28750.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 5720.01
  • Tax Lot: 44
  • Tax Tract Number: 5630
  • TaxOtherAnnualAssessmentAmount: 776.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
11/16/2021 11/16/21 Sold $1,600,000 +6.7% $358 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $1,500,000 -- $335 / 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 $22,484 $1,697,932 $955,087 $742,845
2024 $21,513 $1,664,640 $936,360 $728,280
2023 $21,158 $1,632,000 $918,000 $714,000
2022 $19,857 $1,600,000 $900,000 $700,000
2021 $4,812 $338,459 $64,596 $273,863
2019 $4,744 $328,422 $62,681 $265,741
2018 $4,518 $321,983 $61,452 $260,531
2016 $4,132 $309,482 $59,067 $250,415
2015 $3,977 $304,834 $58,180 $246,654
2014 $3,965 $298,864 $57,041 $241,823
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21204559

California Regional Multiple Listing Service (CRMLS)

APN: 7146-026-025

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