Seller's Agent in 2020
Daniel Velasquez
The Real Estate Solution
(562) 537-8565
33 Total Sales
5576 Cerritos Ave Long Beach, CA 90805
Lindbergh NeighborhoodEstimated Value: $858,000 - $1,018,000
4
Beds
2
Baths
1,865
Sq Ft
$495/Sq Ft
Est. Value
About This Home
As of January 2020Great opportunity presents itself to you. Both units will be delivered vacant. Rear unit was upgraded less than 2 years ago with laminate floors, two tone paint, new counter tops, new vanity in the bathroom. Front house is better with separate dining area, open kitchen.
Last Agent to Sell the Property
The Real Estate Solution License #01923333 Listed on: 09/23/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,704
Year Built
- Built in 1937
Lot Details
- 4,140 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
Home Design
- 1,865 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 37 / D
- Tax Tract Number 8281
- Assessor Parcel Number 7128005023
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $900
- Trash Expense $50
- Water Sewer Expense $100
- New Taxes Expense $8,500
- Operating Expense $225
- Gross Income $3,500
- Net Operating Income $1,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 23, 2019
Sold by
Lim Samuel
Bought by
Lim Heng and Linnenbrink Joanne
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,321
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Listed on
Jul 6, 2017
Closed on
Aug 1, 2017
Sold by
Thav Michael and Thav Jocelyn
Bought by
Lim Samuel
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Daniel Velasquez
The Real Estate Solution
List Price
$575,000
Sold Price
$576,000
Premium/Discount to List
$1,000
0.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$460,800
Interest Rate
3.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 5, 2003
Sold by
Thav Michael
Bought by
Thav Michael and Thav Jocelyn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 14, 2002
Sold by
Chung Jocelyn
Bought by
Thav Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.89%
Purchase Details
Closed on
Apr 24, 2002
Sold by
Davis Lynn Edward and Davis Virginia Lee
Bought by
Thav Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
6.89%
Purchase Details
Closed on
Nov 28, 2001
Sold by
Davis Lynn Edward and Davis Virginia Lee
Bought by
Davis Lynn Edward and Davis Virginia Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.11%
Purchase Details
Closed on
Feb 9, 2000
Sold by
Davis Lynn E and Davis Virginia L
Bought by
Davis Lynn Edward and Davis Virginia Lee
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lim Heng | $700,000 | Orange Coast Title | |
| Lim Samuel | $576,000 | Fidelity National Title Co | |
| Thav Michael | -- | Commerce Title Company | |
| Thav Michael | -- | North American Title Co | |
| Thav Michael | $255,000 | North American Title Co | |
| Davis Lynn Edward | -- | Chicago Title Co | |
| Davis Lynn Edward | -- | Chicago Title Co | |
| Davis Lynn Edward | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lim Heng | $687,321 | |
| Previous Owner | Lim Samuel | $460,800 | |
| Previous Owner | Thav Michael | $197,000 | |
| Previous Owner | Thav Michael | $204,000 | |
| Previous Owner | Davis Lynn Edward | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/03/2020 01/03/20 | Sold | $700,000 | 0.0% | $375 / Sq Ft | |
| 10/28/2019 10/28/19 | For Sale | $699,999 | 0.0% | $375 / Sq Ft | |
| 10/15/2019 10/15/19 | Off Market | $700,000 | -- | -- | |
| 09/23/2019 09/23/19 | For Sale | $699,999 | +21.5% | $375 / Sq Ft | |
| 08/22/2017 08/22/17 | Sold | $576,000 | +0.2% | $309 / Sq Ft | View Prior Sale |
| 07/27/2017 07/27/17 | Pending | -- | -- | -- | |
| 07/06/2017 07/06/17 | For Sale | $575,000 | -- | $308 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,704 | $765,549 | $328,093 | $437,456 |
| 2024 | $9,704 | $750,539 | $321,660 | $428,879 |
| 2023 | $9,540 | $735,823 | $315,353 | $420,470 |
| 2022 | $8,954 | $721,396 | $309,170 | $412,226 |
| 2021 | $8,774 | $707,252 | $303,108 | $404,144 |
| 2020 | $7,625 | $599,270 | $312,120 | $287,150 |
| 2019 | $7,537 | $587,520 | $306,000 | $281,520 |
| 2018 | $7,302 | $576,000 | $300,000 | $276,000 |
| 2016 | $3,993 | $318,214 | $124,789 | $193,425 |
| 2015 | $3,836 | $313,435 | $122,915 | $190,520 |
| 2014 | $3,816 | $307,296 | $120,508 | $186,788 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Velasquez
-
Cheryl Cotton
C
Buyer's Agent in 2020
Cheryl Cotton
Y Realty
(562) 513-7800
6 Total Sales
-
L
Seller's Agent in 2017
Leo Nordine
Nordine Realtors, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW19227257
APN: 7128-005-023
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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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