NOT LISTED FOR SALE

3569 Cherry Ave Long Beach, CA 90807

California Heights Neighborhood

Estimated Value: $824,000 - $941,000

2 Beds
2 Baths
1,168 Sq Ft
$751/Sq Ft Est. Value

Last Sold September 04, 2015

Last sale price $422,500 $362 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $5,140/month

8 Days on Market

Highlights

  • Parking available for a boat
  • Awning
  • Paved or Partially Paved Lot
  • Longfellow Elementary School Rated A-
  • Wrought Iron Fence
  • Wood Siding

About This Home

As of September 2015

Duplex at the edge of highly desirable and historic California Heights neighborhood. Freeway close location near Airport, shopping and major industrial and aerospace companies. Modest sized one bedroom units have previously been partially updated. One kitchen has granite countertops. Property has been reasonably well maintained. Each unit has it's own small backyard. Also, the property contains one large 2 car garage and storage shed. Large gated concrete area would be perfect for boat or RV Storage. Plus, an additional 2 parking spaces in alley adjacent to the garage. Truly and exceptional property. Long term tenants. Please be courteous.

Last Agent to Sell the Property

Paul Gustin

Coldwell Banker Realty License #01179144 Listed on: 07/16/2015

Coldwell Banker Realty

Last Buyer's Agent

Karolina Larsson Dimario

Nationwide Real Estate Execs License #01957570

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,501 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Parking available for a boat
  • RV Gated

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,168 Sq Ft Home
  • Awning

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 10608
  • Assessor Parcel Number 7147025004

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $5,362
  • Gross Income $1,850
  • Net Operating Income $13,986

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: California Heights (CH)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7147025004
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 361.73

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s)
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Boat, RV Gated
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5501.00
  • Price Per Lot Square Foot: 76.80
  • Lot Size Acres: 0.1260

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1850.00
  • Gross Scheduled Income: 22200.00
  • Lot Size Area: 5501.0000 Square Feet
  • Net Operating Income: 13986.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 7700.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 22200.00
  • Vacancy Allowance Rate: 444.00

Tax Info

  • New Taxes Expense: 5362.00
  • Tax Lot: 4
  • Tax Tract Number: 10608

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2015
Closed on
Aug 11, 2015
Sold by
Dimario Brett Joseph
Bought by
Dimario Anna Karolina Larsson
Seller's Agent
Paul Gustin
Coldwell Banker Realty
Buyer's Agent
Karolina Larsson Dimario
Nationwide Real Estate Execs
List Price
$429,000
Sold Price
$422,500
Premium/Discount to List
-$6,500
-1.52%
Current Estimated Value
$876,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$454,440
Avg. Annual Appreciation
7.34%
Original Mortgage
$414,846
Outstanding Balance
$320,276
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$556,664

Purchase Details

Listed on
Jul 16, 2015
Closed on
Jul 28, 2015
Sold by
Lona Janet
Bought by
Dimario Anna Karolina Larsson
Seller's Agent
Paul Gustin
Coldwell Banker Realty
Buyer's Agent
Karolina Larsson Dimario
Nationwide Real Estate Execs
List Price
$429,000
Sold Price
$422,500
Premium/Discount to List
-$6,500
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,846
Outstanding Balance
$320,276
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$556,664

Purchase Details

Closed on
Aug 24, 2011
Sold by
Schwalbe Thaysen and Schwalbe Bertha
Bought by
Schwalbe Thaysen S and Schwalbe Bertha M

Purchase Details

Closed on
Sep 18, 2009
Sold by
Lona Janet and Thomas T Schwalbe Revocable Tr
Bought by
Schwalbe Thaysen

Purchase Details

Closed on
Apr 3, 2002
Sold by
Schwalbe Thomas T
Bought by
Schwalbe Thomas T and Thomas T Schwalbe Separate Property Revo
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
Dimario Anna Karolina Larsson -- Ticor Title Company Of Ca
Dimario Anna Karolina Larsson $422,500 Ticor Title Company Of Ca
Schwalbe Thaysen S -- Accommodation
Schwalbe Thaysen -- None Available
Schwalbe Thomas T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dimario Anna Karolina Larsson $414,846
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2015 09/04/15 Sold $422,500 -1.5% $362 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $429,000 -- $367 / 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 $6,535 $500,149 $346,258 $153,891
2024 $6,535 $490,343 $339,469 $150,874
2023 $6,425 $480,729 $332,813 $147,916
2022 $6,035 $471,304 $326,288 $145,016
2021 $5,915 $462,064 $319,891 $142,173
2019 $5,831 $448,360 $310,403 $137,957
2018 $5,622 $439,569 $304,317 $135,252
2016 $5,175 $422,500 $292,500 $130,000
2015 $1,727 $128,014 $65,399 $62,615
2014 $1,727 $125,507 $64,118 $61,389
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Paul Gustin

    Coldwell Banker Realty

    (562) 301-7656

    1 in this area

    13 Total Sales

    Paul Gustin
    Section Image

  • K

    Buyer's Agent in 2015

    Karolina Larsson Dimario

    Nationwide Real Estate Execs

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15155869

California Regional Multiple Listing Service (CRMLS)

APN: 7147-025-004

California Los Angeles County Long Beach 90807 California Heights

3569 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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