NOT LISTED FOR SALE

768 Cherry Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $1,100,000 - $1,312,318

6 Beds
4 Baths
2,942 Sq Ft
$415/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $650,000 $221 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $7,256/month

124 Days on Market

About This Home

As of December 2015

4 Units, 7 blocks from the beach, 768 Cherry Ave is front house with 3 bedrooms 1 bath , and rear 2 story building is 770 Cherry Ave Unit 1, 2, 3 all is 1 bedrooms 1 bath with 2 attached car garage and 2 carport parking with a long driveway, 4 gas meters, 4 electrical meters, 1 water meter, all 3 units in rear was recently remodeled . all rentals is accurate

Last Agent to Sell the Property

Tony Amer

TM Real Estate Brokers License #01127040 Listed on: 06/11/2015

Last Buyer's Agent

Lucia Ulloa

Excellence RE Real Estate License #01887887

Excellence RE Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,730 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Two Garage Doors
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 2,942 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 7
  • Assessor Parcel Number 7262024008

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,000
  • Gross Income $4,225
  • Net Operating Income $45,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 7262024008
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 220.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6730.00
  • Price Per Lot Square Foot: 96.58
  • Lot Size Acres: 0.1540

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 4225.00
  • Gross Scheduled Income: 50700.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6730.0000 Square Feet
  • Net Operating Income: 45630.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1.00
  • Operating Expense Percent: 10.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2015
Closed on
Oct 8, 2015
Sold by
Beyene Mesfin and Tesfaye Ruth
Bought by
Holly Louis Elizabeth and Holly Louis
Seller's Agent
Tony Amer
TM Real Estate Brokers
Buyer's Agent
Lucia Ulloa
Excellence RE Real Estate
List Price
$799,000
Sold Price
$650,000
Premium/Discount to List
-$149,000
-18.65%
Current Estimated Value
$1,221,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$571,580
Avg. Annual Appreciation
6.47%
Original Mortgage
$628,306
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Beyene Mesfin and Tesfaye Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,925
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2011
Sold by
Abdi Afshin
Bought by
Deutsche Bank National Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,925
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2004
Sold by
Leng Danh Virawoudh and Leng Danh Samphan
Bought by
Abdi Afshin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2002
Sold by
Danh Virawoudh
Bought by
Leng Danh Virawoudh and Leng Danh Samphan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.29%

Purchase Details

Closed on
Jan 19, 2001
Sold by
Keo Suly
Bought by
Danh Virawoudh

Purchase Details

Closed on
Aug 28, 2000
Sold by
Smernis Alexia
Bought by
Smernis Alexia and The Alexia Smernis 2000 Trust

Purchase Details

Closed on
Jun 2, 1997
Sold by
Danh Virawoudh and Danh Samphan
Bought by
Keo Suly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.95%

Purchase Details

Closed on
Jul 17, 1995
Sold by
Khun Bunchhay and Khun Kimna
Bought by
Danh Virawoudh
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Holly Louis Elizabeth $650,000 Ortc
Beyene Mesfin $360,000 Advantage Title Inc
Deutsche Bank National Trust Company $460,000 None Available
Abdi Afshin $780,000 Orange Coast Title
Leng Danh Virawoudh -- Stewart Title
Danh Virawoudh -- --
Smernis Alexia -- --
Keo Suly $145,000 Investors Title Company
Danh Virawoudh $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holly Louis Elizabeth $628,306
Previous Owner Beyene Mesfin $269,925
Previous Owner Abdi Afshin $624,000
Previous Owner Leng Danh Virawoudh $200,000
Previous Owner Keo Suly $108,750
Closed Abdi Afshin $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2015 12/04/15 Sold $650,000 -18.6% $221 / Sq Ft
10/13/2015 10/13/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $799,000 -- $272 / 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 $10,262 $769,463 $473,516 $295,947
2024 $10,262 $754,377 $464,232 $290,145
2023 $10,088 $739,586 $455,130 $284,456
2022 $9,482 $725,085 $446,206 $278,879
2021 $9,283 $710,868 $437,457 $273,411
2020 $9,259 $703,880 $432,972 $270,908
2019 $9,152 $690,085 $424,483 $265,602
2018 $8,829 $676,560 $416,160 $260,400
2016 $8,122 $650,000 $400,000 $250,000
2015 $4,831 $376,235 $250,824 $125,411
2014 $4,817 $368,866 $245,911 $122,955
Source: Public Records

Agents Affiliated with this Home

  • Tony Amer

    Seller's Agent in 2015

    Tony Amer

    TM Real Estate Brokers

    (562) 244-0093

    49 Total Sales

    Tony Amer
    Section Image
  • Lucia Ulloa

    Buyer's Agent in 2015

    Lucia Ulloa

    Excellence RE Real Estate

    (310) 427-2601

    36 Total Sales

    Lucia Ulloa
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15126353

California Regional Multiple Listing Service (CRMLS)

APN: 7262-024-008

California Los Angeles County Long Beach 90804 Hellman

768 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes