NOT LISTED FOR SALE

817 Cherry Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $1,228,521 - $1,438,000

8 Beds
5 Baths
3,390 Sq Ft
$394/Sq Ft Est. Value

Last Sold February 12, 2014

Last sale price $628,000 $185 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $7,844/month

7 Days on Market

About This Home

As of February 2014

Nice four unit building with updated exterior paint and roof, completely fenced in with wrought iron fence and gate. The front unit is a two story house with 3 bedrooms 2 bathrooms a family room and a dinning room(can easily be a fourth bedroom) with a 1 car detached garage with laundry hook ups, and a long drive that can easily accommodate a R.V. and several cars, currently rented for $1800.00 to long term tenants on a month to month. Area rents for this unit are estimated at $2250.00 to $2400.00, this front house does need some T.L.C. The back building consists of three additional units that are two, two bedroom one bath and a one bedroom one bath each with there own one car garage, there is also additional parking for two cars in the back. All three units in the back have been recently upgraded. The two bedrooms currently bring in rents of $850.00 and $950.00, market rent in the area estimated $1250.00 to 1350.00 and the one bedroom is currently at 675.00 should be around 900.00.
DRIVE BY ONLY DO NOT DISTURB TENANTS MAKE OFFER SUBJECT TO INTERIOR INSPECTION THE FRONT HOUSE DOES NEED T.L.C.
NO WARRANTIES IMPLIED OR EXPRESSED WHAT SO EVER BY SELLER OR SELLER AGENT BUYER AND BUYERS AGENT TO PERFORM THERE OWN DUE DILIGENCE

Last Agent to Sell the Property

Steven Guthrie

Platinum Finance Properties License #01440504 Listed on: 01/09/2014

Last Buyer's Agent

Terry Rogers

Coldwell Banker Realty License #01037853

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,486 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 3,390 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 7267015022

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Fishing

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 7267015022
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 185.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6486.00
  • Lot Size Acres: 0.1490

Multi Family

  • Lot Size Area: 6486.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No
  • Waterfront Features: Fishing in Community

Tax Info

  • Tax Lot: 000
  • Tax Tract Number: 000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2019
Sold by
Nader Stephen C and Nader Tawnya C
Bought by
Opus Property Management Llc
Current Estimated Value
$1,336,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$721,000
Outstanding Balance
$630,485
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$705,895

Purchase Details

Closed on
Oct 28, 2014
Sold by
Nader Stephen C and Nader Tawnya C
Bought by
Opus Property Management Llc

Purchase Details

Closed on
Aug 22, 2014
Sold by
Opus Property Management Llc
Bought by
Nader Stephen C and Nader Tawnya C

Purchase Details

Closed on
Jul 24, 2014
Sold by
Nader Stephen C and Nader Tawnya C
Bought by
Opus Property Management Llc

Purchase Details

Listed on
Jan 9, 2014
Closed on
Feb 4, 2014
Sold by
Revoc Lalani Nazmudin Madatali and Revoc Nazmudin Madatali Lalani
Bought by
Nader Stephen C and Nader Tawnya C
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
Terry Rogers
Coldwell Banker Realty
List Price
$599,900
Sold Price
$628,000
Premium/Discount to List
$28,100
4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$471,000
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2013
Sold by
Lalani Nazmudin M
Bought by
Revoc Lalani Nazmudin Madatali and Revoc Nazmudin Madatali Lalani

Purchase Details

Closed on
Aug 24, 2012
Sold by
Ochoa Arturo J and Lopez Lilly Anna
Bought by
Lalani Nazmudin M and Natural Sequence Llc

Purchase Details

Closed on
Nov 28, 2011
Sold by
Ochoa Arturo J and Lopez Lilly Anna
Bought by
Ecc Capital Corporation

Purchase Details

Closed on
Feb 28, 2008
Sold by
Ochoa Arturo J and Lopez Lilly Anna
Bought by
Ochoa Arturo J and Lopez Lilly Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2000
Sold by
Urena Carlos and Urena Diocelina
Bought by
Ochoa Arturo J and Lopez Lilly Anna

Purchase Details

Closed on
Dec 29, 1998
Sold by
Urena Carlos and Urena Diocelina
Bought by
Urena Carlos and Urena Diocelina

Purchase Details

Closed on
Apr 28, 1997
Sold by
Sanchez Sonia
Bought by
Urena Carlos and Urena Diocelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,995
Interest Rate
8.08%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 1996
Sold by
Federal National Mortgage Association
Bought by
Sanchez Sonia

Purchase Details

Closed on
Jul 16, 1996
Sold by
Phan Cuom and Duong Kathy
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
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

Purchase History

Date Buyer Sale Price Title Company
Opus Property Management Llc -- Westminister Title Co Inc
Nader Stephen C -- Westminster Title Co Inc
Opus Property Management Llc -- Accommodation
Nader Stephen C -- Accommodation
Opus Property Management Llc -- None Available
Nader Stephen C $628,006 Lawyers Title Company
Revoc Lalani Nazmudin Madatali -- None Available
Lalani Nazmudin M $401,000 Lawyers Title
Ecc Capital Corporation $217,393 Orange Coast Title
Ochoa Arturo J -- Lawyers Title Company
Ochoa Arturo J -- --
Urena Carlos -- --
Urena Carlos $225,000 Commonwealth Title
Sanchez Sonia $130,000 Gateway Title Insurance Co
Federal National Mortgage Association $135,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nader Stephen C $721,000
Previous Owner Nader Stephen C $471,000
Previous Owner Ochoa Arturo J $494,000
Previous Owner Urena Carlos $216,995
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2014 02/12/14 Sold $628,000 +4.7% $185 / Sq Ft
01/16/2014 01/16/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $599,900 -- $177 / 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 $10,098 $754,753 $528,810 $225,943
2024 $10,098 $739,955 $518,442 $221,513
2023 $9,926 $725,447 $508,277 $217,170
2022 $9,332 $711,223 $498,311 $212,912
2021 $9,132 $697,279 $488,541 $208,738
2020 $9,108 $690,130 $483,532 $206,598
2019 $9,003 $676,599 $474,051 $202,548
2018 $8,693 $663,333 $464,756 $198,577
2016 $7,991 $637,577 $446,710 $190,867
2015 $7,677 $628,000 $440,000 $188,000
2014 $5,217 $402,820 $281,271 $121,549
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Steven Guthrie

    Platinum Finance Properties

    (714) 379-2370

    1 in this area

    16 Total Sales

    Steven Guthrie
    Section Image

  • T

    Buyer's Agent in 2014

    Terry Rogers

    Coldwell Banker Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14005367

California Regional Multiple Listing Service (CRMLS)

APN: 7267-015-022

California Los Angeles County Long Beach 90804 Hellman

817 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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