NOT LISTED FOR SALE

718 Cedar Ave Unit 24 Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $778,000 - $1,185,000

1 Bed
1 Bath
2,794 Sq Ft
$357/Sq Ft Est. Value

Sale Details

Date Sold: December 31, 2012

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

Est. 159% increase in value since last sale

Current estimated payment $5,964 / mo

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

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

1,876 Sq Ft Lot

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

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

Closed on
Oct 22, 2012
Sold by
Bought by
Current Estimated Value
$998,704

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
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
$531,000
Interest Rate
9.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

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
$385,000 None Available
$590,000 --
-- Old Republic Title Company
-- --
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
Previous Owner $288,750
Previous Owner $531,000
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
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

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 $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

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California Regional Multiple Listing Service (CRMLS) 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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