NOT LISTED FOR SALE

901 Cerritos Ave Unit D Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $1,045,000 - $1,264,947

8 Beds
4 Baths
2,594 Sq Ft
$451/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $585,000 $226 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,139/month

116 Days on Market

Highlights

  • No Units Above
  • All Bedrooms Downstairs
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 4-minute walk to Craftsman Village Park

About This Home

As of May 2015

STANDARD SALE!! A Rare Opportunity to Own A 4-Unit Apartment at the Center of Long Beach; All Four Units are 2 Bed/1 Bath; Property has been Well-Maintained; Fully Occupied with Total $4,472/month Rental Income; No Rent Control; Single Story Structure; Gated Front & Back for added Security; On-Site Coin-Op Laundry Room; Convenient Location and Close to Supermarket, School, Restaurants; Walking Distance to Bus Stops; Good Neighborhood; Property Sold As-Is. No Repair & No Termite Work.

Last Agent to Sell the Property

Herbert Hwang

ILLUMINANT PROPERTIES License #01422491 Listed on: 12/06/2014

Last Buyer's Agent

Suraiya Sikora

Century 21 Union Realty License #01068502

Century 21 Union Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,386

Year Built

  • Built in 1949

Lot Details

  • 5,628 Sq Ft Lot
  • Lot Dimensions are 38'x150'
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • East Facing Home
  • Density is 16-20 Units/Acre

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 2,594 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Assessor Parcel Number 7267025012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $250
  • Insurance Expense $800
  • Water Sewer Expense $3,000
  • New Taxes Expense $7,075
  • Gross Income $4,472
  • Net Operating Income $41,339

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,386

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 7267025012
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 225.52
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 16-20 Units/Acre
  • Lot Size: 38'x150'
  • Lot Size Sq Ft: 5628.00
  • Lot Size Acres: 0.1290

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 250.00
  • Gross Income: 4472.00
  • Gross Scheduled Income: 53664.00
  • Insurance Expense: 800.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5628.0000 Square Feet
  • Net Operating Income: 41339.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12325.00
  • Rent Control: No
  • Total Actual Rent: 4475.00

Tax Info

  • New Taxes Expense: 7075.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2019
Sold by
Hussaini Mohammed Moin and Hussaini Noreen Mirza
Bought by
Hussaini Mohammed Moin and Mohammed Moin Hussaini
Current Estimated Value
$1,151,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$661,014
Interest Rate
3.8%
Mortgage Type
Stand Alone Second
Estimated Equity
$508,973

Purchase Details

Listed on
Dec 6, 2014
Closed on
Apr 3, 2015
Sold by
Wang Wan Miao L
Bought by
Hussaini Mohammed Moin and Hussaini Noreen Mirza
Seller's Agent
Herbert Hwang
ILLUMINANT PROPERTIES
Buyer's Agent
Suraiya Sikora
Century 21 Union Realty
List Price
$598,000
Sold Price
$585,000
Premium/Discount to List
-$13,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Original Mortgage
$438,750
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2013
Sold by
Wang Wan Miao L
Bought by
Wang Wan Miao L and Wang An Hsiung

Purchase Details

Closed on
Aug 29, 2008
Sold by
Wang An Hsiung
Bought by
Wang Wanmiao L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2008
Sold by
Mcgovern Jonathan James and Mcgovern Roshawn
Bought by
Wang Wanmiao L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2007
Sold by
Mcgovern Jonathan J and Mcgovern Roshawn
Bought by
Mcgovern Jonathan James

Purchase Details

Closed on
Dec 8, 2001
Sold by
Hud
Bought by
Mcgovern Jonathan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,300
Interest Rate
7.15%
Mortgage Type
VA

Purchase Details

Closed on
Oct 8, 2001
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Apr 3, 2001
Sold by
Miller Rupert G
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Apr 27, 2000
Sold by
Miller Rupert G
Bought by
Edwards Carl

Purchase Details

Closed on
Jun 14, 1999
Sold by
Delphine Group Llc
Bought by
Miller Rupert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,997
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 15, 1998
Sold by
Ward John
Bought by
Delphine Group Llc

Purchase Details

Closed on
Oct 1, 1998
Sold by
Web Service Company Inc
Bought by
Ward John

Purchase Details

Closed on
Jul 6, 1998
Sold by
Shambeau David and Shambeau Nettie M
Bought by
First Federal Bank Of California

Purchase Details

Closed on
Apr 6, 1995
Sold by
Shambeau David and Shambeau Nettie M
Bought by
Evercrest Ltd Partnership
Source: Public Records

Range of Values:

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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
Hussaini Mohammed Moin -- None Available
Hussaini Mohammed Moin $585,000 Title 365
Wang Wan Miao L -- None Available
Wang Wanmiao L -- North American Title Company
Wang Wanmiao L $465,000 North American Title Company
Mcgovern Jonathan James -- None Available
Mcgovern Jonathan J $210,000 Stewart Title
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $312,440 First American Title Ins Co
Edwards Carl -- --
Miller Rupert G $295,000 United Title Company
Delphine Group Llc -- United Title Company
Ward John -- North American Title Co
First Federal Bank Of California $160,000 --
Evercrest Ltd Partnership -- --
Shambeau David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hussaini Mohammed Moin $750,000
Closed Hussaini Mohammed Moin $438,750
Previous Owner Wang Wanmiao L $303,000
Previous Owner Wang Wanmiao L $372,000
Previous Owner Mcgovern Jonathan J $490,000
Previous Owner Mcgovern Jonathan J $345,000
Previous Owner Mcgovern Jonathan J $223,968
Previous Owner Mcgovern Jonathan J $216,300
Previous Owner Miller Rupert G $292,997
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $585,000 -2.2% $226 / Sq Ft
04/01/2015 04/01/15 Pending -- -- --
12/06/2014 12/06/14 For Sale $598,000 0.0% $231 / Sq Ft
03/01/2014 03/01/14 Rented $1,000 -8.3% --
01/30/2014 01/30/14 Under Contract -- -- --
01/02/2014 01/02/14 For Rent $1,090 -- --
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 $9,386 $703,071 $492,753 $210,318
2024 $9,386 $689,287 $483,092 $206,195
2023 $9,224 $675,772 $473,620 $202,152
2022 $8,669 $662,523 $464,334 $198,189
2021 $8,486 $649,533 $455,230 $194,303
2019 $8,366 $630,270 $441,729 $188,541
2018 $8,091 $617,913 $433,068 $184,845
2016 $7,445 $593,920 $416,252 $177,668
2015 $6,176 $498,236 $267,869 $230,367
2014 -- $488,477 $262,622 $225,855
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2015

    Herbert Hwang

    ILLUMINANT PROPERTIES

    (951) 264-3686

    27 Total Sales

    Section Image
  • Suraiya Sikora

    Buyer's Agent in 2015

    Suraiya Sikora

    Century 21 Union Realty

    (310) 463-7544

    52 Total Sales

    Section Image

  • B

    Seller's Agent in 2014

    Benjamin Kang

    CURB

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14254126

California Regional Multiple Listing Service (CRMLS)

APN: 7267-025-012

California Los Angeles County Long Beach 90813 Hellman

901 Cerritos Ave Unit D, Long Beach, CA

This home is located at 901 Cerritos Ave Unit D, Long Beach, CA 90813 since 06 December 2014 and is currently estimated at $1,169,987, approximately $451 per square foot. This property was built in 1949. 901 Cerritos Ave Unit D 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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