NOT LISTED FOR SALE

5421 Cerritos Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $809,000 - $871,000

4 Beds
2 Baths
1,766 Sq Ft
$477/Sq Ft Est. Value

Last Sold May 11, 2021

Last sale price $659,000 $373 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,128/month

16 Days on Market

Highlights

  • Park
  • Fenced
  • Front Yard
  • Ceiling Fan
  • Wall Furnace
  • 1-Story Property

About This Home

As of May 2021

Welcome to the most Amazing Opportunity yet at 5421 and 5419 Cerritos Ave! Recent rehab and beautiful interior touches to this legal Duplex which features 3bd/1ba in the front, and a 1bd/1ba in the back. With private patios for both units and a front yard, plenty of privacy and entertaining space is provided for any family, or person calling this home. All plumbing re-done, with a newer roof. Other great features include a fireplace, and vinyl flooring throughout the entire front unit and into the upgraded bathroom, and bedrooms. Both units well maintained and in superb condition. Exterior features a white picket fence, along with alley access leading to 2 one-car garages. Each unit has Separate Gas and Electrical Meters, Ceiling Fans, and wall heater... And as if those were not great enough... On-Site Parking and Additional On-Street Parking! This is the greatest investment awaiting its new owner!

Last Agent to Sell the Property

Tiffani Herron

Realty One Group United License #02075857 Listed on: 03/05/2021

Realty One Group United

Co-Listed By

MAYRA RODRIGUEZ

AMBIANCE REALTY License #02098201

Last Buyer's Agent

Tiffani Herron

Realty One Group United License #02075857 Listed on: 03/05/2021

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,559 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in excellent condition
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,766 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 13 / H
  • Tax Tract Number 8281
  • Assessor Parcel Number 7128003013

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $883
  • Maintenance Expense $1,816
  • Trash Expense $900
  • Water Sewer Expense $600
  • New Taxes Expense $8,388
  • Operating Expense $13,487
  • Gross Income $37,440
  • Net Operating Income $22,830

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

4,559 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7128003013
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 373.16
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 4559.00
  • Lot Size Acres: 0.1047

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 37440.00
  • Gross Scheduled Income: 37440.00
  • Insurance Expense: 883.00
  • Lot Size Area: 4559.0000 Square Feet
  • Maintenance Expense: 1816.00
  • Net Operating Income: 22830.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Operating Expense: 13487.00
  • Rent Control: Yes
  • Total Expenses: 13487.00

Tax Info

  • New Taxes Expense: 8388.00
  • Tax Block: H
  • Tax Census Tract: 5706.01
  • Tax Lot: 13
  • Tax Tract Number: 8281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2018
Sold by
Davidson Paula Kimberly
Bought by
Davidson Paula Kimberly and Davidson Trust
Current Estimated Value
$843,231

Purchase Details

Closed on
Jan 3, 2013
Sold by
Davidson Paula Kimberly and Searles Alexandra Kimberly
Bought by
Davidson Paula Kimberly

Purchase Details

Closed on
Apr 26, 2012
Sold by
Davidson Philip
Bought by
Davidson Paula Kimberly and Searles Paula Kimberly

Purchase Details

Closed on
Aug 30, 2011
Sold by
Davidson Paula Kimberly and Searles Paula Kimberly
Bought by
Davidson Paula Kimberly and Searles Alexandra Kimberly

Purchase Details

Closed on
Apr 9, 2003
Sold by
Kittelsen Bradley J and Kittelsen Carmel B
Bought by
Searles Paula Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Outstanding Balance
$58,633
Interest Rate
5.72%
Estimated Equity
$784,598

Purchase Details

Closed on
Feb 27, 2002
Sold by
Mccoy Samuel and Mccoy Latondra
Bought by
Kittelsen Bradley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 1998
Sold by
Willey Keith E
Bought by
Mccoy Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.01%
Mortgage Type
VA
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
Davidson Paula Kimberly -- None Available
Davidson Paula Kimberly -- None Available
Davidson Paula Kimberly -- None Available
Davidson Paula Kimberly -- None Available
Searles Paula Kimberly $228,000 Orange Coast Title Company
Kittelsen Bradley J $165,000 First American Title Co
Mccoy Samuel $125,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Searles Paula Kimberly $138,000
Previous Owner Kittelsen Bradley J $132,000
Previous Owner Mccoy Samuel $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2021 05/11/21 Sold $659,000 +1.5% $373 / Sq Ft
03/28/2021 03/28/21 For Sale $649,000 -1.5% $367 / Sq Ft
03/27/2021 03/27/21 Off Market $659,000 -- --
03/27/2021 03/27/21 For Sale $649,000 -1.5% $367 / Sq Ft
03/26/2021 03/26/21 Off Market $659,000 -- --
03/22/2021 03/22/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $649,000 -- $367 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,566 $713,321 $388,592 $324,729
2024 $9,148 $699,335 $380,973 $318,362
2023 $8,995 $685,623 $373,503 $312,120
2022 $8,444 $672,180 $366,180 $306,000
2021 $4,060 $305,054 $208,323 $96,731
2020 $4,014 $301,927 $206,187 $95,740
2019 $3,969 $296,008 $202,145 $93,863
2018 $3,811 $290,205 $198,182 $92,023
2016 $3,500 $278,938 $190,488 $88,450
2015 $3,363 $274,749 $187,627 $87,122
2014 $3,343 $269,368 $183,952 $85,416
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tiffani Herron

    Realty One Group United

    (562) 806-1000

    1 in this area

    4 Total Sales

    Tiffani Herron
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    MAYRA RODRIGUEZ

    AMBIANCE REALTY

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21040830

California Regional Multiple Listing Service (CRMLS)

APN: 7128-003-013

California Los Angeles County Long Beach 90805 Lindbergh

5421 Cerritos Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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