P
Seller's Agent in 2021
Peter Gillin
Morgan Skenderian
6029 Cherry Ave Long Beach, CA 90805
Nehyam Neighborhood
1
Bed
1
Bath
3,000
Sq Ft
4,678
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Park
- Forced Air Heating System
About This Home
As of May 2021Property Highlights
EXCLUSIVE LISTING | MULTIFAMILY OPPORTUNITY
• Substantial Upside in Rents
• Located Near the New Long Beach Exchange Retail Center
• $35,000 Invested in Improvements Since 2018
• New Roof, Exterior Paint & New Landscaping
• Gated Entry
• 13% Cash-on-Cash on Market Rents
Last Agent to Sell the Property
Peter Gillin
Morgan Skenderian License #01433769 Listed on: 02/08/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,459
Year Built
- Built in 1959
Lot Details
- 4,678 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- 3,000 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- On-Street Parking
- Assigned Parking
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 16
- Tax Tract Number 8973
- Assessor Parcel Number 7123005016
Community Details
Overview
- 6 Units
- North Long Beach Subdivision
Recreation
- Park
Building Details
- 6 Leased Units
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $843
- Insurance Expense $900
- Maintenance Expense $6,691
- Other Expense $694
- Supplies Expense $1,500
- Trash Expense $843
- Water Sewer Expense $843
- New Taxes Expense $14,459
- Operating Expense $26,773
- Gross Income $92,713
- Net Operating Income $65,939
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 8, 2021
Closed on
May 5, 2021
Sold by
Bought by
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$1,195,000
Sold Price
$1,195,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,250
Interest Rate
0.031%
Mortgage Type
Construction
Purchase Details
Closed on
May 9, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,500
Interest Rate
0.0451%
Mortgage Type
Commercial
Purchase Details
Closed on
May 7, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,500
Interest Rate
0.0451%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 21, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.0583%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,195,000 | Ticor Title | ||
| -- | Lawyers Title Company | ||
| $594,000 | Lawyers Title | ||
| $350,000 | Equity Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $896,250 | ||
| Previous Owner | $617,250 | ||
| Previous Owner | $383,500 | ||
| Previous Owner | $405,000 | ||
| Previous Owner | $240,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/18/2021 05/18/21 | Sold | $1,195,000 | 0.0% | $398 / Sq Ft |
| 02/08/2021 02/08/21 | For Sale | $1,195,000 | -- | $398 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $17,576 | $1,293,504 | $373,438 | $920,066 |
| 2024 | $16,812 | $1,268,142 | $366,116 | $902,026 |
| 2023 | $16,522 | $1,243,278 | $358,938 | $884,340 |
| 2022 | $15,510 | $1,218,900 | $351,900 | $867,000 |
| 2021 | $8,973 | $672,704 | $226,498 | $446,206 |
| 2020 | $8,950 | $665,807 | $224,176 | $441,631 |
| 2019 | $8,845 | $652,753 | $219,781 | $432,972 |
| 2018 | $8,585 | $639,955 | $215,472 | $424,483 |
| 2016 | $7,905 | $615,106 | $207,106 | $408,000 |
| 2015 | $7,598 | $605,868 | $203,996 | $401,872 |
| 2014 | $7,570 | $594,000 | $200,000 | $394,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Cody Charnell
Buyer's Agent in 2021
Cody Charnell
Sage Real Estate Group, Inc.
(562) 896-3851
53 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21026135
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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