Seller's Agent in 2024
Kurt Wood
Belmont Brokerage & Mgmt. INC.
(562) 301-6763
1 in this area
17 Total Sales
348 Cerritos Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
16
Beds
9
Baths
6,232
Sq Ft
6,252
Sq Ft Lot
Highlights
- Gated Community
- 0.14 Acre Lot
- Bike Trail
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of July 2024Well kept 8 unit apartment building built in 1963 in great Downtown rental area. 7 two bedroom/one bath units and 1 two bath/two bath units. Over $49,000 recently spent to paint the exterior and install a new roof. Many long term tenants with lower than market rents. Current rents average $1,819 ($14,552 per month). Current Market rents average $2,481 per month or $19,948 per month. Market rents based on RentOmeter analysis.
Last Agent to Sell the Property
Belmont Brokerage & Mgmt. INC. Brokerage Phone: 562-301-6763 License #00452182 Listed on: 04/03/2024
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 6,252 Sq Ft Lot
- No Common Walls
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Entry on the 1st floor
- Stucco
Interior Spaces
- 6,232 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 16 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Sewer Paid
- Cable TV Available
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Legal Lot and Block 3 / 138
- Assessor Parcel Number 7275005003
Community Details
Overview
- 8 Units
- Alamitos Beach Subdivision
Recreation
- Bike Trail
Building Details
- 2 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 1 Separate Water Meter
- Gross Income $179,424
Security
- Gated Community
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
Listed on
Apr 3, 2024
Closed on
Jun 26, 2024
Sold by
Bought by
Seller's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$2,250,000
Sold Price
$2,185,000
Premium/Discount to List
-$65,000
-2.89%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
0.0694%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 25, 2024
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
$1,250,000
Interest Rate
0.0694%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 2013
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
$625,000
Interest Rate
0.0392%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 13, 2005
Sold by
Bought by
Purchase Details
Closed on
Mar 27, 2002
Sold by
Bought by
Purchase Details
Closed on
Jan 27, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $2,185,000 | Fidelity National Title | ||
| $2,185,000 | Fidelity National Title | ||
| -- | Fidelity National Title Co | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| $300,000 | Continental Lawyers Title Co |
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 | $1,250,000 | ||
| Previous Owner | $1,250,000 | ||
| Previous Owner | $625,000 | ||
| Previous Owner | $715,000 |
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 |
|---|---|---|---|---|
| 07/05/2024 07/05/24 | Sold | $2,185,000 | -2.9% | $351 / Sq Ft |
| 04/11/2024 04/11/24 | Pending | -- | -- | -- |
| 04/03/2024 04/03/24 | For Sale | $2,250,000 | -- | $361 / 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 | $29,466 | $2,185,000 | $1,285,000 | $900,000 |
| 2024 | $8,580 | $559,873 | $83,301 | $476,572 |
| 2023 | $8,423 | $548,896 | $81,668 | $467,228 |
| 2022 | $7,941 | $538,134 | $80,067 | $458,067 |
| 2021 | $7,735 | $527,584 | $78,498 | $449,086 |
| 2019 | $7,625 | $513,738 | $76,171 | $437,567 |
| 2018 | $7,350 | $503,701 | $74,678 | $429,023 |
| 2016 | $6,745 | $482,414 | $71,779 | $410,635 |
| 2015 | $6,498 | $475,168 | $70,701 | $404,467 |
| 2014 | $6,495 | $465,862 | $69,317 | $396,545 |
Source: Public Records
Agents Affiliated with this Home
-
Kurt Wood
-
Cody Charnell
Buyer's Agent in 2024
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
6 in this area
53 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24063142
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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