NOT LISTED FOR SALE

847 Cerritos Ave Long Beach, CA 90813

Hellman Neighborhood
8 Beds
9 Baths
4,602 Sq Ft
7,490 Sq Ft Lot

Last Sold June 16, 2014

Last sale price $755,000 $164 Per Sq Ft

103 Days on Market

Highlights

  • Paved or Partially Paved Lot
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Craftsman Village Park

About This Home

As of June 2014

The listed property is in a prime rental location in Long Beach. It includes recently updated plumbing and electric, off street parking, and individually metered units.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 01/15/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,490 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Density is 6-10 Units/Acre

Home Design

  • 4,602 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267025009

Community Details

Overview

  • 2 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Insurance Expense $2,135
  • Maintenance Expense $2,250
  • Other Expense $2,000
  • Professional Management Expense $3,990
  • Water Sewer Expense $5,150
  • New Taxes Expense $10,107
  • Gross Income $7,000
  • Net Operating Income $54,178

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.77
  • Professional Management Expense: 3990.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 5150.00
  • Property Type: Residential Income
  • Parcel Number: 7267025009
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 164.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 6-10 Units/Acre, Lot 6500-9999, Paved, Walkstreet
  • Lot Size Sq Ft: 7490.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 7000.00
  • Gross Multiplier: 9.52
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 2135.00
  • Lot Size Area: 7490.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Net Operating Income: 54178.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 25632.00
  • Operating Expense Percent: 30.50
  • Other Expense: 2000.00
  • Other Expense Description: Reserve
  • Rent Control: No
  • Total Actual Rent: 6500.00
  • Vacancy Allowance: 4200
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 10107.00
  • Tax Lot: 20
  • Tax Tract Number: 5764
  • Tax Year: 2012

Range of Values:

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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 Change Sq Ft Price
06/16/2014 06/16/14 Sold $755,000 -13.7% $164 / Sq Ft
04/28/2014 04/28/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $875,000 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jack Levis

    CBRE Inc.

    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,870 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14010010

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Hellman

847 Cerritos Ave, Long Beach, CA

This home is located at 847 Cerritos Ave, Long Beach, CA 90813 since 15 January 2014. This property was built in 1923. 847 Cerritos Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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

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