NOT LISTED FOR SALE

751 Cerritos Ave Long Beach, CA 90813

Hellman Neighborhood
18 Beds
18 Baths
6,938 Sq Ft
7,338 Sq Ft Lot

Last Sold August 16, 2024

Last sale price $2,349,000 $339 Per Sq Ft

23 Days on Market

Highlights

  • 14 Car Attached Garage
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Craftsman Village Park

About This Home

As of August 2024

PRICED TO SELL. 9X GRM and a 6.5% CAP on actual rents with upside to a 7.1% CAP. 10 units in Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Built in 1987, the property is professionally managed and well maintained. There are 14 onsite parking spaces - 1 for each unit plus 4 for rent. The 2nd floor units feature tall, vaulted ceilings and some have partial ocean views. The Property has an onsite laundry room. All units were updated from 2017-2019. The subpanels are 50 AMPS and the main panel is 200 AMPS. Plumbing is copper - Buyer to verify. Priced at only $340/SF. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 05/13/2024

The Agency

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,338

Parking

  • 14 Car Attached Garage

Home Design

  • Split Level Home

Interior Spaces

  • 6,938 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 18 Bathrooms

Additional Features

  • 7,338 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 7266-004-043

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 6938
  • Lot Acreage: 0.1684
  • Stories: 2
  • Year Built: 1987
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 18
  • Total Bathrooms: 18.00
  • Price Per S Q F T: 338.57

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 14
  • Parking Garage: Attached
  • Total Parking: 14

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 619111
  • Assessed Land Percent: 70
  • Assessed Land Value: 1444596
  • Total Assessed Value: 2063707
  • Assessor Parcel Number: 7266-004-043
  • Lot Size Area: 7338

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.00
  • Number Of Units: 10
  • Type Of Units: Income

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Sold $2,349,000 0.0% $339 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $2,349,000 -- $339 / Sq Ft
Source: The MLS

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 $28,048 $2,349,000 $1,600,000 $749,000
2024 $28,048 $2,104,980 $1,473,487 $631,493
2023 $27,566 $2,063,707 $1,444,596 $619,111
2022 $25,885 $2,023,243 $1,416,271 $606,972
2021 $25,346 $1,983,572 $1,388,501 $595,071
2019 $24,982 $1,924,740 $1,347,318 $577,422
2018 $24,309 $1,887,000 $1,320,900 $566,100
2016 $14,866 $1,165,562 $656,933 $508,629
2015 $14,286 $1,148,055 $647,066 $500,989
2014 $14,225 $1,125,567 $634,391 $491,176
Source: Public Records

Agents Affiliated with this Home

  • Jon Swire

    Seller's Agent in 2024

    Jon Swire

    The Agency

    (310) 948-2631

    3 in this area

    34 Total Sales

    Jon Swire
    Section Image
  • Cameron Samimi

    Buyer's Agent in 2024

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    4 in this area

    207 Total Sales

    Cameron Samimi
    Section Image
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Map

Source: The MLS

MLS Number: 24-391473

The MLS
California Los Angeles County Long Beach 90813 Hellman

751 Cerritos Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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