NOT LISTED FOR SALE

5318 Cedar Ave Long Beach, CA 90805

Addams Neighborhood
7 Beds
7 Baths
3,270 Sq Ft
0.26 Acres

Last Sold July 25, 2016

Last sale price $777,000 $238 Per Sq Ft

26 Days on Market

Highlights

  • 11,250 Sq Ft lot
  • 1-Story Property
  • 3-minute walk to Burton W. Chace Park

About This Home

As of July 2016

!!!!! 7 UNIT BUILDING ON Extra Large Lot , All on 1 level in a garden setting . This property is being offered for the 1st time in approximately 18 years . There are 6 garages in the back with its own area . There is a large fenced in yard . This building is close to public transportation, shops , freeways . !!!!!!

Last Agent to Sell the Property

Marty Eisenberg

Coldwell Banker Realty License #00801228 Listed on: 06/18/2016

Coldwell Banker Realty

Last Buyer's Agent

Marc Desbans

Marc Desbans, Broker License #01259510

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,270 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Listing and Financial Details

  • Tax Lot 126
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131007028

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,500
  • Professional Management Expense $3,600
  • Trash Expense $500
  • Water Sewer Expense $1,350
  • New Taxes Expense $10,612
  • Gross Income $4,865
  • Net Operating Income $37,947

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

6

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1350.00
  • Property Type: Residential Income
  • Parcel Number: 7131007028
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 237.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11250.00
  • Price Per Lot Square Foot: 69.07

Multi Family

  • Average1 Bed Area: 467
  • Electric Expense: 1200.00
  • Gross Income: 4865.00
  • Gross Scheduled Income: 58380.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 37947.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 20433.00
  • Operating Expense Percent: 35.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10612.00
  • Tax Lot: 126
  • Tax Tract Number: 5134

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2016 07/25/16 Sold $777,000 0.0% $238 / Sq Ft
07/14/2016 07/14/16 Pending -- -- --
07/06/2016 07/06/16 Price Changed $777,000 -8.5% $238 / Sq Ft
06/18/2016 06/18/16 For Sale $849,000 -- $260 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marty Eisenberg

    Seller's Agent in 2016

    Marty Eisenberg

    Coldwell Banker Realty

    (562) 805-7777

    21 Total Sales

    Marty Eisenberg
    Section Image

  • M

    Buyer's Agent in 2016

    Marc Desbans

    Marc Desbans, Broker

    (949) 509-1048

    Marc Desbans
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16132099

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 Addams

5318 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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