Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
1 in Hellman
$980,000 Price
787 Cherry Ave Long Beach, CA 90813
Hellman Neighborhood
4
Beds
2
Baths
5,894
Sq Ft
6,222
Sq Ft Lot
About This Home
As of November 2020We are pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1985, the subject property consists of 6,222 rentable square feet spread throughout a 5,894 square foot lot. The unit mix consists of all 2-bedroom / 1-bathroom units. It is separately metered for gas and electricity.
Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 09/08/2020
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 6,222 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 5,894 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 4327
- Assessor Parcel Number 7267031012
Community Details
Overview
- 8 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Electric Expense $1,200
- Fuel Expense $1,200
- Gardener Expense $600
- Insurance Expense $3,500
- Maintenance Expense $7,391
- Other Expense $1,600
- Professional Management Expense $8,212
- Trash Expense $1,200
- Water Sewer Expense $1,200
- New Taxes Expense $28,688
- Operating Expense $55,691
- Gross Income $168,000
- Net Operating Income $107,869
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
Sep 2, 2020
Sold by
Cameron John Frederick and John Frederick Cameron Trust
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
$1,410,500
Interest Rate
2.8%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 21, 2002
Sold by
Cameron John Frederick
Bought by
Cameron John Frederick and The John Frederick Cameron Separate Prop
Purchase Details
Closed on
May 17, 2002
Sold by
Chaidez Ableardo and Chaidez Mercedes
Bought by
Cameron John F
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hellman, CA
-
Cassidy Tutt
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
178 Total Sales
1 in Hellman
$525,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
122 Total Sales
1 in Hellman
$697,920 Price
-
Dave Smith
Dave Smith
REMAX Professionals
(424) 373-7838
75 Total Sales
2 in Hellman
$375,000 Price Range
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
1 in Hellman
$850,000 Price
-
Rory Cochrane
Rory Cochrane
West Shores Realty, Inc.
(424) 372-8596
5 Total Sales
2 in Hellman
$501,000 Price Range
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 |
|---|---|---|---|
| $2,170,000 | Fidelity National Title Co | ||
| Cameron John Frederick | -- | -- | |
| Cameron John F | $50,000 | -- | |
| Cameron John F | -- | -- |
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 | $1,410,500 | ||
| Previous Owner | Cameron John Frederick | $1,000,000 | |
| Previous Owner | Cameron John Frederick | $45,000 | |
| Previous Owner | Cameron John Frederick | $30,000 | |
| Previous Owner | Cameron John Frederick | $265,000 |
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 |
|---|---|---|---|---|
| 11/18/2020 11/18/20 | Sold | $2,170,000 | -5.4% | $368 / Sq Ft |
| 09/21/2020 09/21/20 | Pending | -- | -- | -- |
| 09/08/2020 09/08/20 | For Sale | $2,295,000 | -- | $389 / 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 |
|---|---|---|---|---|
| 2026 | $31,545 | $2,395,853 | $1,556,753 | $839,100 |
| 2025 | $31,545 | $2,348,877 | $1,526,229 | $822,648 |
| 2024 | $30,172 | $2,302,821 | $1,496,303 | $806,518 |
| 2023 | $29,661 | $2,257,668 | $1,466,964 | $790,704 |
| 2022 | $27,838 | $2,213,400 | $1,438,200 | $775,200 |
| 2021 | $27,276 | $2,170,000 | $1,410,000 | $760,000 |
| 2020 | $5,994 | $383,275 | $171,358 | $211,917 |
| 2019 | $5,926 | $375,811 | $167,999 | $207,812 |
| 2018 | $5,698 | $368,493 | $164,705 | $203,788 |
| 2016 | $5,228 | $351,735 | $158,310 | $193,425 |
| 2015 | $5,044 | $346,453 | $155,933 | $190,520 |
| 2014 | $5,054 | $339,667 | $152,879 | $186,788 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
Seller's Agent in 2020
Kevin King
Marcus & Millichap
(562) 257-1245
2 in this area
39 Total Sales
-
GN
Buyer's Agent in 2020
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20186491
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.
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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