NOT LISTED FOR SALE

5955 Cherry Ave Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $791,117

3 Beds
3 Baths
2,972 Sq Ft
$266/Sq Ft Est. Value

Last Sold December 10, 2013

Last sale price $399,000 $134 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $4,705/month

18 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Central Heating
  • Neighborhood Views
  • Tile Flooring
  • Turnkey

About This Home

As of December 2013

Mixed use property including a retail store fronting Cherry Ave, rear building is a two story structure with a spacious 2 bedroom and 2 bath unit on the top floor, a studio apartment and two car garage on the bottom floor. Just remodel, new copper plumbing in rear unit, separately metered electricity. 3 off street parking spaces. Easy to rent, but wait for new owner to decide, either to live and do business or rent it out. Buyer to verify information. Property own by the trust, no court confirm needed. Trustee hold a real estate agent

Last Agent to Sell the Property

Kim Tran

Realty One Group West License #01325236 Listed on: 09/16/2013

Last Buyer's Agent

Samantha Nget

First American Team Realty Inc License #01727100

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 4,762 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Brick Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 2,972 Sq Ft Home
  • Brick Wall or Ceiling
  • Neighborhood Views
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Utilities

  • Central Heating
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 8973
  • Assessor Parcel Number 7123005010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $850
  • Insurance Expense $1,150
  • Trash Expense $700
  • Water Sewer Expense $850
  • New Taxes Expense $4,755
  • Gross Income $3,250
  • Net Operating Income $31,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 850.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7123005010
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Brick Walls
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Price Per Square Foot: 134.25

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fencing: Brick, Block
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4762.00
  • Lot Size Acres: 0.1090

Multi Family

  • Electric Expense: 850.00
  • Gross Income: 3250.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 1150.00
  • Lot Size Area: 4762.0000 Square Feet
  • Net Operating Income: 31700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Operating Expense: 9005.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4755.00
  • Tax Lot: 10
  • Tax Tract Number: 8973

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2024
Sold by
Kong Peter
Bought by
Kong Peter S and Nget Samantha
Current Estimated Value
$791,117

Purchase Details

Closed on
Mar 20, 2019
Sold by
Kong Peter S and The Peter S Kong 2016 Trust
Bought by
Kong Peter S

Purchase Details

Closed on
Oct 5, 2016
Sold by
Kong Peter S
Bought by
Kong Peter S and Peter S Kong 2016 Trust

Purchase Details

Listed on
Sep 16, 2013
Closed on
Dec 3, 2013
Sold by
Nget Samantha
Bought by
Kong Peter
Seller's Agent
Kim Tran
Realty One Group West
Buyer's Agent
Samantha Nget
First American Team Realty Inc
List Price
$379,000
Sold Price
$399,000
Premium/Discount to List
$20,000
5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.84%
Original Mortgage
$330,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2013
Sold by
The Anh Trust Revocable Trust
Bought by
Kong Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 2012
Sold by
Tran Anh Thi Kim
Bought by
The Anh Trust Revocable Trust

Purchase Details

Closed on
Feb 24, 2010
Sold by
Alexander Christine Ann
Bought by
Alexander Ricky

Purchase Details

Closed on
Feb 23, 2010
Sold by
Alexander Ricky
Bought by
Tran Anh

Purchase Details

Closed on
Apr 8, 2002
Sold by
Coronel Maria Elena B
Bought by
Milner Marianita A

Purchase Details

Closed on
Mar 25, 2002
Sold by
Coronel Maria E
Bought by
Alexander Ricky

Purchase Details

Closed on
Dec 19, 1993
Sold by
Coronel Amelia
Bought by
Coronel Maria Elena B
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
Kong Peter S -- None Listed On Document
Kong Peter S -- None Listed On Document
Kong Peter S -- None Available
Kong Peter S -- None Available
Kong Peter -- Equity Title Company
Kong Peter $399,000 Equity Title Company
The Anh Trust Revocable Trust -- California Title Company
Alexander Ricky -- Cal Counties Title Nation
Tran Anh -- Cal Counties Title Nation
Milner Marianita A -- --
Alexander Ricky $135,000 --
Coronel Maria Elena B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kong Peter $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2013 12/10/13 Sold $399,000 +5.3% $134 / Sq Ft
10/04/2013 10/04/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $379,000 -- $128 / 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 $6,721 $489,107 $245,166 $243,941
2024 $6,721 $479,517 $240,359 $239,158
2023 $6,604 $470,116 $235,647 $234,469
2022 $6,213 $460,899 $231,027 $229,872
2021 $6,077 $451,863 $226,498 $225,365
2019 $5,991 $438,463 $219,781 $218,682
2018 $5,757 $429,867 $215,472 $214,395
2016 $5,297 $413,177 $207,106 $206,071
2015 $5,091 $406,972 $203,996 $202,976
2014 $5,053 $399,000 $200,000 $199,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Kim Tran

    Realty One Group West

  • S

    Buyer's Agent in 2013

    Samantha Nget

    First American Team Realty Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13189788

California Regional Multiple Listing Service (CRMLS)

APN: 7123-005-010

California Los Angeles County Long Beach 90805 Nehyam

5955 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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