NOT LISTED FOR SALE

3735 Cherry Ave Long Beach, CA 90807

California Heights Neighborhood

Estimated Value: $1,022,000 - $1,267,000

5 Beds
3 Baths
2,006 Sq Ft
$585/Sq Ft Est. Value

Last Sold October 01, 2020

Last sale price $855,000 $426 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,131/month

7 Days on Market

Highlights

  • Modern Architecture
  • Double Pane Windows
  • Central Heating
  • Longfellow Elementary School Rated A-
  • Laundry Room
  • 3 Car Garage

About This Home

As of October 2020

Newly Remodeled Duplex in California Heights. Turn key Duplex, Ceramic tile and hardwood flooring through out both units, Open kitchen to living room on both units with new modern Cabinets, with Granite Counter tops, and Stainless Steel Appliances. Lots of additional amenities, Recessed Lighting, Glass Entry Doors, 3 Car attached Garage. Home has a Gated Courtyard in front of the property that makes it perfect for entertaining.

Last Agent to Sell the Property

Edward Bosquet

Express Home Realtors License #01244941 Listed on: 07/31/2020

Last Buyer's Agent

Edward Bosquet

Express Home Realtors License #01244941 Listed on: 07/31/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 5,547 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Block Wall Fence
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Modern Architecture
  • Raised Foundation
  • Composition Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 2,006 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 10606
  • Assessor Parcel Number 7147008008

Community Details

Overview

  • 2 Units
  • California Heights Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $350
  • Water Sewer Expense $750
  • New Taxes Expense $11,250
  • Operating Expense $13,550
  • Gross Income $63,600
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: California Heights (CH)
  • View: No
  • Water Sewer Expenses: 750.00
  • Zoning: LBR1N
  • Architectural Style: Modern
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7147008008
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 426.22
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stone, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 350.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5547.00
  • Lot Size Acres: 0.1273

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1256 Square Feet
  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5547.0000 Square Feet
  • Net Operating Income: 42000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 21600.00
  • Rent Control: No
  • Total Expenses: 13550.00

Tax Info

  • New Taxes Expense: 11250.00
  • Tax Census Tract: 5720.01
  • Tax Lot: 8
  • Tax Tract Number: 10606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Aug 12, 2020
Sold by
Gomez Cesar Enrique Mejia and Mejia Sandra Patricia
Bought by
Mody Swati and Mody Saumil
Seller's Agent
Edward Bosquet
Express Home Realtors
Buyer's Agent
Edward Bosquet
Express Home Realtors
List Price
$900,000
Sold Price
$855,000
Premium/Discount to List
-$45,000
-5%
Current Estimated Value
$1,173,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,787
Avg. Annual Appreciation
6.25%
Original Mortgage
$722,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2016
Sold by
Gomez Cesar Enrique Mejia
Bought by
Gomez Cesar Enrique Mejia and Mej1a Sandra Patricia

Purchase Details

Closed on
Dec 30, 2014
Sold by
Eleftheriou Elias
Bought by
Eleftheriou Family Trust

Purchase Details

Closed on
Mar 5, 2009
Sold by
Ayala Ramon and Gomez Cesar Enrique
Bought by
Gomez Cesar Enrique

Purchase Details

Closed on
Mar 2, 2009
Sold by
Romero Daniel A and Gomez Cesar Enrique
Bought by
Ayala Ramon and Gomez Cesar Enrique

Purchase Details

Closed on
Feb 16, 2009
Sold by
Perez Carlota and Gomez Cesar Enrique
Bought by
Romero Daniel A

Purchase Details

Closed on
Feb 8, 2009
Sold by
Gomez Cesar Enrique
Bought by
Perez Carlota

Purchase Details

Closed on
May 21, 2002
Sold by
Mejia Sandra Patricia
Bought by
Gomez Cesar Enrique Mejia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.89%

Purchase Details

Closed on
Apr 2, 2002
Sold by
Muis Robert E and Muis Jacquelyn J
Bought by
Gomez Cesar Enrique Mejia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.89%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mody Swati $855,000 Wfg Title Company
Gomez Cesar Enrique Mejia -- None Available
Eleftheriou Family Trust -- None Available
Gomez Cesar Enrique -- Alliance Title
Ayala Ramon -- Alliance Title
Romero Daniel A -- Alliance Title
Perez Carlota -- Alliance Title
Gomez Cesar Enrique Mejia -- --
Gomez Cesar Enrique Mejia $220,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mody Swati $722,500
Previous Owner Gomez Cesar Enrique Mejia $176,000
Closed Gomez Cesar Enrique Mejia $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2020 10/01/20 Sold $855,000 -5.0% $426 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $900,000 -- $449 / 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 $11,768 $925,478 $541,216 $384,262
2024 $11,768 $907,332 $530,604 $376,728
2023 $11,573 $889,542 $520,200 $369,342
2022 $10,861 $872,100 $510,000 $362,100
2021 $10,649 $855,000 $500,000 $355,000
2020 $6,059 $466,476 $226,966 $239,510
2019 $5,989 $457,337 $222,516 $234,821
2018 $5,700 $442,077 $218,153 $223,924
2016 $5,239 $424,585 $209,683 $214,902
2015 $5,031 $418,208 $206,534 $211,674
2014 $5,001 $410,017 $202,489 $207,528
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Edward Bosquet

    Express Home Realtors

    (949) 799-2480

    24 Total Sales

    Edward Bosquet
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20153366

California Regional Multiple Listing Service (CRMLS)

APN: 7147-008-008

California Los Angeles County Long Beach 90807 California Heights

3735 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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