NOT LISTED FOR SALE

718 Cedar Ave Unit 24 Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $950,385 - $1,011,000

1 Bed
1 Bath
2,794 Sq Ft
$353/Sq Ft Est. Value

Last Sold December 31, 2012

Last sale price $385,000 $138 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $5,688/month

2 Days on Market

About This Home

As of December 2012

***STANDARD SALE*** Excellent Opportunity to Purchase Apartment style 4plex Income Property in a Wonderful Long Beach Neighborhood! Very Large square footage...County Records states 2794 sq ft! Rents are $3200.00/month total! ***All four units ***CURRENTLY FULLY LEASED!!! ***CASHFLOWS FROM DAY ONE!!! Property is close to the Beach, Downtown, Shopping, Great Restaurants & Aquarium of the Pacific!! Great Propety for any investor!

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 10/15/2012

Last Buyer's Agent

Marlene Dowls

ReMax College Park Realty License #01857323

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 1,876 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • 2,794 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 34
  • Assessor Parcel Number 7272020010

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 7272020010
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 137.80

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 1876.00
  • Lot Size Acres: 0.0430

Multi Family

  • Gross Income: 3200.00
  • Gross Scheduled Income: 38400.00
  • Lot Size Area: 1876.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 34
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2012
Sold by
Gb Inland Properties Ii Llc
Bought by
Maruna Oliver D
Current Estimated Value
$985,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2005
Sold by
Stevens Dixie L
Bought by
Lopez Lilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,000
Interest Rate
9.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 8, 2002
Sold by
Stevens Dixie L
Bought by
Stevens Dixie L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Maruna Oliver D $385,000 None Available
Lopez Lilia $590,000 --
Stevens Dixie L -- Old Republic Title Company
Stevens Dixie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maruna Oliver D $288,750
Previous Owner Lopez Lilia $531,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2012 12/31/12 Sold $385,000 -1.0% $138 / Sq Ft
10/17/2012 10/17/12 Pending -- -- --
10/15/2012 10/15/12 For Sale $389,000 -- $139 / 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 $6,822 $474,089 $332,481 $141,608
2024 $6,518 $464,794 $325,962 $138,832
2023 $6,402 $455,681 $319,571 $136,110
2022 $6,020 $446,747 $313,305 $133,442
2021 $5,882 $437,988 $307,162 $130,826
2020 $5,866 $433,818 $304,013 $129,805
2019 $5,797 $425,319 $298,052 $127,267
2018 $5,644 $416,986 $292,208 $124,778
2016 $5,188 $400,488 $280,862 $119,626
2015 $4,988 $394,474 $276,644 $117,830
2014 $4,969 $386,747 $271,225 $115,522
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Rick Young

    Young Estate Services

    Section Image

  • M

    Buyer's Agent in 2012

    Marlene Dowls

    RE/MAX

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG12127985

California Regional Multiple Listing Service (CRMLS)

APN: 7272-020-010

California Los Angeles County Long Beach 90813 Willmore

718 Cedar Ave Unit 24, Long Beach, CA

Not Listed for Sale

MultiFamily

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