NOT LISTED FOR SALE

746 Cedar Ave Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $966,000 - $1,163,501

4 Beds
3 Baths
2,380 Sq Ft
$445/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $932,500 $392 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,579/month

36 Days on Market

Highlights

  • 0.17 Acre Lot
  • Shed
  • Back Yard
  • No HOA

About This Home

As of April 2023

Very desirable rental area in Long Beach. Beautiful Victorian home in the front and two new units in the rear off alley. Front house has 2 bedrooms and one bath, nice size backyard. Rear two-bedroom, one bath unit is above three, one car garages. The studio unit is next to the garages. NOTE, the studio unit may be unpermitted. Buyer should confirm with City. Rents are way below market, offering a huge upside. Very easy property to manage.

Last Agent to Sell the Property

Mark Paulson

ANTHONY VENTI REALTORS License #00548003 Listed on: 02/24/2023

Last Buyer's Agent

Mark Paulson

ANTHONY VENTI REALTORS License #00548003 Listed on: 02/24/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 7,517 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 3 Car Garage

Home Design

  • 2,380 Sq Ft Home
  • Triplex
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Shed

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 7272
  • Assessor Parcel Number 7272020006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Wrigley Area Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,134
  • Trash Expense $480
  • Water Sewer Expense $1,470
  • New Taxes Expense $12,000
  • Operating Expense $4,284
  • Gross Income $49,500
  • Net Operating Income $33,216

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1470.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7272020006
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 391.81

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7517.00
  • Lot Size Acres: 0.1726

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 49500.00
  • Gross Scheduled Income: 49500.00
  • Insurance Expense: 1134.00
  • Lot Size Area: 7517.0000 Square Feet
  • Net Operating Income: 33216.00
  • 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: 16284.00
  • Rent Control: Yes
  • Total Actual Rent: 4125.00
  • Total Expenses: 4284.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Lot: 6
  • Tax Tract Number: 7272

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2014
Closed on
Jun 9, 2014
Sold by
Security F S E One Hundred & Eighty Thre
Bought by
Carlos Luis A and Carlos Isabel A
Seller's Agent
Peter Jacobson
Agentinc
Buyer's Agent
David Loveless
RE/MAX College Park Realty
List Price
$574,500
Sold Price
$584,500
Premium/Discount to List
$10,000
1.74%
Current Estimated Value
$1,059,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,125
Avg. Annual Appreciation
5.35%
Original Mortgage
$184,500
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2014
Sold by
Tang Md C Brian and Chuang Tang Md Hsueh Ruey
Bought by
Security F S E One Hundred & Eighty Thre

Purchase Details

Closed on
Apr 5, 2005
Sold by
Stameson Spiro A
Bought by
The Spiro A Stameson Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carlos Luis A $584,500 Chicago Title Company
Security F S E One Hundred & Eighty Thre -- None Available
The Spiro A Stameson Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carlos Luis A $184,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2023 04/21/23 Sold $932,500 -4.4% $392 / Sq Ft
04/01/2023 04/01/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $975,000 0.0% $410 / Sq Ft
08/06/2014 08/06/14 Rented $1,595 -5.9% --
08/06/2014 08/06/14 For Rent $1,695 0.0% --
07/30/2014 07/30/14 Sold $584,500 +1.7% $246 / Sq Ft View Prior Sale
06/05/2014 06/05/14 Pending -- -- --
05/31/2014 05/31/14 For Sale $574,500 -- $241 / 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 $12,329 $969,652 $657,532 $312,120
2024 $12,329 $950,640 $644,640 $306,000
2023 $8,930 $675,197 $473,620 $201,577
2022 $8,386 $661,959 $464,334 $197,625
2021 $8,216 $648,980 $455,230 $193,750
2020 $8,194 $642,327 $450,563 $191,764
2019 $8,099 $629,733 $441,729 $188,004
2018 $7,847 $617,386 $433,068 $184,318
2016 $7,212 $593,413 $416,252 $177,161
2015 $6,923 $584,500 $410,000 $174,500
2014 $4,114 $330,000 $263,900 $66,100
Source: Public Records

Agents Affiliated with this Home

  • Mark Paulson

    Seller's Agent in 2023

    Mark Paulson

    ANTHONY VENTI REALTORS

    (626) 282-6121

    1 in this area

    15 Total Sales

    Mark Paulson
    Section Image

  • P

    Seller's Agent in 2014

    Peter Jacobson

    Agentinc

    Section Image
  • David Loveless

    Seller's Agent in 2014

    David Loveless

    RE/MAX

    (562) 594-6753

    3 Total Sales

    David Loveless
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23031761

California Regional Multiple Listing Service (CRMLS)

APN: 7272-020-006

California Los Angeles County Long Beach 90813 Willmore

746 Cedar Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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