Seller's Agent in 2018
Martin Marquez Jr.
Circle Real Estate
(562) 888-0488
76 Total Sales
702 Cedar Ave Long Beach, CA 90813
Willmore NeighborhoodEstimated Value: $1,113,120
1
Bed
3
Baths
2,557
Sq Ft
$435/Sq Ft
Est. Value
Highlights
- Corner Lot
- Laundry Room
- Stacked Washer and Dryer
- Cooling System Mounted To A Wall/Window
About This Home
As of February 2018Investor opportunity: Location, Location, Location! These THREE units are In the Heart of the Downtown Long Beach, in the highly desirable Wilmore Historical District. Don’t miss out on this amazing investment opportunity. (1) Large open spacious commercial Unit offers a large open floor plan perfect for Retail, Gym, Office, Art or Fitness Studio with a private outdoor private patio area. Comes with new recess lighting, paint, tankless water heater, break room, and an upgraded restroom. (1) Studio well maintained with Washer and Dryer hook-ups. (1) Completely remodeled: 1 bed / 1 bath unit includes parking, in-unit washer & dryer hook-up, tankless water heater, granite counter tops, new kitchen with new tile and hard laminate throughout. This is a mix unit will not last long. Potential: CAP RATE 6-7.5%:
Last Agent to Sell the Property
Circle Real Estate License #02012061 Listed on: 11/09/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 3,752 Sq Ft Lot
- 1 Common Wall
- Corner Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Parking Spaces
Home Design
- 2,557 Sq Ft Home
- Split Level Home
- Property Attached
Bedrooms and Bathrooms
- 1 Bedroom
- 3 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Zoned Cooling
Listing and Financial Details
- Tenant pays for cable TV
- Tax Lot 18
- Tax Tract Number 34
- Assessor Parcel Number 7272020011
Community Details
Overview
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 1 Leased Unit
- 3 Separate Electric Meters
- 1 Separate Gas Meter
- 2 Separate Water Meters
- Electric Expense $1,848
- Fuel Expense $372
- Insurance Expense $1,968
- Trash Expense $360
- Water Sewer Expense $1,250
- New Taxes Expense $9,319
- Operating Expense $15,117
- Gross Income $64,200
- Net Operating Income $49,083
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2017
Closed on
Feb 13, 2018
Sold by
Priority Realestate Solutions Llc
Bought by
Invest Re Lb12 Llc
Seller's Agent
Martin Marquez Jr.
Circle Real Estate
Buyer's Agent
David Rosenfeld
Advantage Real Estate
List Price
$599,999
Sold Price
$610,000
Premium/Discount to List
$10,001
1.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,120
Avg. Annual Appreciation
8.03%
Purchase Details
Closed on
Jul 31, 2017
Sold by
Taufer Bradley
Bought by
Priority Realestate Solutions Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,950
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 4, 2014
Closed on
Mar 4, 2014
Sold by
Cleveland Charles R and Cleveland Linda M
Bought by
Taufer Bradley
Seller's Agent
Matthew Firth
JMS Manage Sell, PC
Buyer's Agent
George Bustamante
Coldwell Banker Commercial
List Price
$472,500
Sold Price
$450,000
Premium/Discount to List
-$22,500
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$225,000
Interest Rate
4.25%
Mortgage Type
Seller Take Back
Purchase Details
Listed on
Apr 6, 2012
Closed on
Aug 1, 2012
Sold by
Cleveland Charles R and Cleveland Linda M
Bought by
Cleveland Charles R and Cleveland Linda M
Seller's Agent
Lisa McKim
Coldwell Banker Coastal Alliance
Buyer's Agent
Matthew Firth
JMS Manage Sell, PC
List Price
$320,000
Sold Price
$270,000
Premium/Discount to List
-$50,000
-15.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.54%
Purchase Details
Listed on
Apr 6, 2012
Closed on
Jul 24, 2012
Sold by
Loughner Glyn
Bought by
Cleveland Charles R and Cleveland Linda M
Seller's Agent
Lisa McKim
Coldwell Banker Coastal Alliance
Buyer's Agent
Matthew Firth
JMS Manage Sell, PC
List Price
$320,000
Sold Price
$270,000
Premium/Discount to List
-$50,000
-15.62%
Purchase Details
Closed on
Aug 31, 2001
Sold by
Cooper Lucinda
Bought by
Loughner Leona and Loughner Glyn
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 |
|---|---|---|---|
| Invest Re Lb12 Llc | $650,000 | Chicago Title Company | |
| Priority Realestate Solutions Llc | $446,000 | Lawyers Title Company | |
| Taufer Bradley | $450,000 | Lawyers Title | |
| Cleveland Charles R | $135,000 | Accommodation | |
| Cleveland Charles R | $265,000 | North American Title Company | |
| Loughner Leona | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Priority Realestate Solutions Llc | $311,950 | |
| Previous Owner | Taufer Bradley | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2018 02/27/18 | Sold | $610,000 | -6.2% | $239 / Sq Ft | |
| 01/31/2018 01/31/18 | Price Changed | $649,999 | +1.6% | $254 / Sq Ft | |
| 11/10/2017 11/10/17 | Price Changed | $639,900 | +6.7% | $250 / Sq Ft | |
| 11/09/2017 11/09/17 | For Sale | $599,999 | +33.3% | $235 / Sq Ft | |
| 03/26/2014 03/26/14 | Sold | $450,000 | -4.8% | $176 / Sq Ft | View Prior Sale |
| 03/21/2014 03/21/14 | Pending | -- | -- | -- | |
| 02/04/2014 02/04/14 | For Sale | $472,500 | +75.0% | $185 / Sq Ft | |
| 08/06/2012 08/06/12 | Sold | $270,000 | -15.6% | $72 / Sq Ft | View Prior Sale |
| 07/05/2012 07/05/12 | Pending | -- | -- | -- | |
| 04/06/2012 04/06/12 | For Sale | $320,000 | -- | $85 / 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 | $9,309 | $694,071 | $466,508 | $227,563 |
| 2024 | $9,309 | $680,462 | $457,361 | $223,101 |
| 2023 | $9,145 | $667,121 | $448,394 | $218,727 |
| 2022 | $8,593 | $654,041 | $439,602 | $214,439 |
| 2021 | $8,409 | $641,218 | $430,983 | $210,235 |
| 2020 | $8,387 | $634,644 | $426,564 | $208,080 |
| 2019 | $8,289 | $622,200 | $418,200 | $204,000 |
| 2018 | $6,054 | $445,700 | $295,000 | $150,700 |
| 2016 | $6,006 | $465,988 | $165,684 | $300,304 |
| 2015 | $5,773 | $458,990 | $163,196 | $295,794 |
| 2014 | $3,696 | $271,225 | $150,681 | $120,544 |
Source: Public Records
Agents Affiliated with this Home
-
Martin Marquez Jr.
-
Chase Wybenga
Seller Co-Listing Agent in 2018
Chase Wybenga
Circle Real Estate
(562) 888-0488
29 Total Sales
-
David Rosenfeld
D
Buyer's Agent in 2018
David Rosenfeld
Advantage Real Estate
(310) 261-8692
-
M
Seller's Agent in 2014
Matthew Firth
JMS Manage Sell, PC
-
George Bustamante
Buyer's Agent in 2014
George Bustamante
Coldwell Banker Commercial
(562) 326-5043
43 Total Sales
-
L
Seller's Agent in 2012
Lisa McKim
Coldwell Banker Coastal Alliance
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW17247607
APN: 7272-020-011
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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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