Seller's Agent in 2014
Richard Bell
Bell Realty Group
(714) 309-3549
23 Total Sales
773 Cerritos Ave Long Beach, CA 90813
Hellman Neighborhood
9
Beds
6
Baths
4,320
Sq Ft
6,945
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- 3-minute walk to Craftsman Village Park
- Long Beach Polytechnic High School Rated A
About This Home
As of December 20147 units with good unit mix of mostly 2 and 3 bedrooms. 6% Cap Rate on Actual rents with upside on rents. Property consists of a large lot just one block north of 7th street. Two buildings with 3 units in the front building and 4 in the back. Fenced open space with lawn in the front of the property give these front units a "house" feeling. Laundry machines on site for Tenant convenience and are owned by owner for extra income. Many improvements done over the past few years.
Last Agent to Sell the Property
Bell Realty Group License #01344469 Listed on: 10/10/2014
Last Buyer's Agent
Maribel Perez
Keller Williams Realty License #01318668
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 6,945 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 4,320 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 1
- Assessor Parcel Number 7266004040
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 2 Separate Water Meters
- Gross Income $6,665
- Net Operating Income $49,520
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2014 12/11/14 | Sold | $800,000 | -3.0% | $185 / Sq Ft |
| 11/25/2014 11/25/14 | Pending | -- | -- | -- |
| 10/10/2014 10/10/14 | For Sale | $825,000 | -- | $191 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,024 | $961,471 | $673,031 | $288,440 |
| 2024 | $13,024 | $942,620 | $659,835 | $282,785 |
| 2023 | $12,795 | $924,139 | $646,898 | $277,241 |
| 2022 | $12,027 | $906,019 | $634,214 | $271,805 |
| 2021 | $11,762 | $888,255 | $621,779 | $266,476 |
| 2020 | $11,732 | $879,328 | $615,404 | $263,924 |
| 2019 | $11,594 | $862,091 | $603,338 | $258,753 |
| 2018 | $11,259 | $845,191 | $591,508 | $253,683 |
| 2016 | $10,359 | $812,200 | $568,540 | $243,660 |
| 2015 | $10,755 | $800,000 | $560,000 | $240,000 |
| 2014 | $2,795 | $158,869 | $62,249 | $96,620 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Bell
-
M
Buyer's Agent in 2014
Maribel Perez
Keller Williams Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14218782
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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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