NOT LISTED FOR SALE

5351 Cedar Ave Long Beach, CA 90805

Addams Neighborhood

Estimated Value: $952,000 - $1,202,066

4 Beds
4 Baths
2,136 Sq Ft
$495/Sq Ft Est. Value

Last Sold April 10, 2018

Last sale price $740,000 $346 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,457/month

6 Days on Market

About This Home

As of April 2018

Great 4-plex built in 1948 located on the corner of Plymouth of Cedar in N. Long Beach. This building is 2,136 Sq. Ft. with a lot size of 6,957 Sq. Ft. Unit mix consists of: 4- 1bedroom/1bathroom cottage style units. Each unit has a patios and a 1 car garage. Separately metered for gas and electric. Long term owner with very low rents and tons of upside. There are currently 2 vacant units that can be rented or left vacant upon close of escrow.

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 02/06/2018

Last Buyer's Agent

Chuck Brewer

Home Smart Realty Group License #01939550

Home Smart Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,958 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,136 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 81
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131001042

Community Details

Overview

  • 4 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $55,200
  • Net Operating Income $17,664

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR34
  • Property Type: Residential Income
  • Parcel Number: 7131001042
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 346.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6958.00

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Net Operating Income: 17664.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 32.00
  • Rent Control: No
  • Total Actual Rent: 1760.00

Tax Info

  • Tax Census Tract: 5717.01
  • Tax Lot: 81
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2018
Closed on
Apr 10, 2018
Sold by
Rose Steven
Bought by
Maverick Rose Property Llc
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Chuck Brewer
Home Smart Realty Group
List Price
$740,000
Sold Price
$740,000
Current Estimated Value
$1,057,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,767
Avg. Annual Appreciation
4.71%
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2018
Closed on
Mar 29, 2018
Sold by
Rose Steven and Rose Marsha A
Bought by
Rose Steven and Rose Marsha A
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Chuck Brewer
Home Smart Realty Group
List Price
$740,000
Sold Price
$740,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2018
Closed on
Feb 15, 2018
Sold by
Ramirez Hector D
Bought by
Rose Steven and Rose Marsha A
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Chuck Brewer
Home Smart Realty Group
List Price
$740,000
Sold Price
$740,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2017
Sold by
Ramirez Hector D
Bought by
Ramirez Hector D

Purchase Details

Closed on
Jan 31, 2006
Sold by
Chen Chia Huei
Bought by
Ramirez Hector D and Ramirez Jessie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 9, 2004
Sold by
Hsu Jeffrey Seung Hai
Bought by
Chen Chia Huei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2004
Sold by
Lakey Eric G
Bought by
Chen Chia Huei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2002
Sold by
Moore Betty Hunter
Bought by
Lakey Eric G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,200
Interest Rate
5.99%
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
Maverick Rose Property Llc -- None Available
Rose Steven -- North American Title Company
Rose Steven $740,000 North American Title Company
Ramirez Hector D -- None Available
Ramirez Hector D $555,000 None Available
Chen Chia Huei -- None Available
Chen Chia Huei -- Diversified Title & Escrow S
Chen Chia Huei $475,000 Diversified Title & Escrow
Lakey Eric G $276,500 Lawyers Title Company
Lakey Eric G -- Lawyers Title Company
Moore Betty Hunter -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rose Steven $550,000
Previous Owner Ramirez Hector D $488,000
Previous Owner Chen Chia Huei $275,000
Previous Owner Lakey Eric G $221,200
Closed Lakey Eric G $27,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2018 04/10/18 Sold $740,000 0.0% $346 / Sq Ft
02/12/2018 02/12/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $740,000 -- $346 / 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 $11,112 $841,989 $386,859 $455,130
2024 $11,112 $825,480 $379,274 $446,206
2023 $10,923 $809,295 $371,838 $437,457
2022 $10,264 $793,428 $364,548 $428,880
2021 $10,056 $777,871 $357,400 $420,471
2020 $10,081 $769,896 $353,736 $416,160
2019 $9,914 $754,800 $346,800 $408,000
2018 $8,224 $630,000 $415,000 $215,000
2017 $8,287 $630,000 $415,000 $215,000
2016 $6,931 $550,000 $355,000 $195,000
2015 $6,133 $495,000 $320,000 $175,000
2014 $6,218 $495,000 $320,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • Kristina Moore

    Seller's Agent in 2018

    Kristina Moore

    The Moore Group

    (714) 809-7608

    26 Total Sales

    Kristina Moore
    Section Image

  • C

    Buyer's Agent in 2018

    Chuck Brewer

    Home Smart Realty Group

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18027663

California Regional Multiple Listing Service (CRMLS)

APN: 7131-001-042

California Los Angeles County Long Beach 90805 Addams

5351 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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