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5576 Cerritos Ave Long Beach, CA 90805

$700,000 Sold Price as of 01/03/2020

4 Beds
2 Baths
1,865 Sq.Ft.

Sold

$700,000 Sold Price as of 01/03/2020 Refinance Your Mortgage

Map preview of 5576 Cerritos Ave, Long Beach, CA 90805

Property Overview: 5576 Cerritos Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,865 living square feet and 4,140 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity presents itself to you. Both units will be delivered vacant. Rear unit was upgraded less than 2 years ago with laminate floors, two tone paint, new counter tops, new vanity in the bathroom. Front house is better with separate dining area, open kitchen.

Listed by Daniel Velasquez | BRE #01923333 | Century 21 Realty Masters

Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft: 4,140
HOA Dues: $0/mo
Year built: 1937
Garage: 5 Car
Property Type:: Multi Family

Status: Sold
MLS#: DW19227257
City: Long Beach
County: Los Angeles
Time on Site: 1532 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,650
Total Rent: $1,650
Pro Forma/Market Rent: $1,900

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,700
Total Rent: $1,700
Pro Forma/Market Rent: $1,775

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $3,500
Net Operating Income: $1,500
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $1,300
New Taxes: $8,500
Trash: $50
Insurance: $900
Water/Sewer: $100

Property Details for 5576 Cerritos Ave

Interior Features

Laundry Information

No Laundry
None

Fireplace Information

No Fireplace
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 5
# of Parking Spaces: 5

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 7128005023
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

Has Assessments
Assessments: Unknown

Location / Neighborhood

Location Information

Subdivision Name: North Long Beach (NLB)
Directions: Between Market and South W of Orange

Neighborhood Information

Community Features: Urban

View more facts & features

Local Long Beach Agent

Sale History for 5576 Cerritos Ave

Last sold for $700,000 on January 3rd, 2020

January, 2020
Jan 6, 2020

Date

Sold

CRMLS: DW19227257

$700,000

Price
Oct 28, 2019

Date

Active Under Contract

CRMLS: DW19227257

$699,999

Price
Oct 18, 2019

Date

Active

CRMLS: DW19227257

$699,999

Price
Oct 15, 2019

Date

Hold

CRMLS: DW19227257

$699,999

Price
Sep 24, 2019

Date

Active

CRMLS: DW19227257

$699,999

Price
January, 2020
Jan 3, 2020

Date

Sold (Public Records)

Public Records

$700,000

Price
August, 2017
Aug 23, 2017

Date

Sold

CRMLS: SB17153370

$576,000

Price
Aug 15, 2017

Date

Pending

CRMLS: SB17153370

$575,000

Price
Jul 27, 2017

Date

Active Under Contract

CRMLS: SB17153370

$575,000

Price
Jul 6, 2017

Date

Active

CRMLS: SB17153370

$575,000

Price
Listing provided courtesy of CRMLS

**7-25 Back on Market** Great 2 on lot on quiet residential street. 2 bed front house has raised foundation, hardwood floors and vaulted beams. FHA/VA OK. 2 bed rear house above 3 garages, built 1971. Good curb, laundry in each, separate gas & electric meters, street to alley lot. NO RENT CONTROL. 74 walkscore: Walkable to Harte Elementary, Lindbergh Middle School, Houghton Park and Jordan High, 4 minutes to 710 & 91. North Long Beach is one of the last decent-yet-affordable neighborhoods in L.A.

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August, 2017
Aug 22, 2017

Date

Sold (Public Records)

Public Records

$576,000

Price

Tax History for 5576 Cerritos Ave

Assessed Value (2020): $599,270

Year	Land Value	Improved Value	Assessed Value
2020	$312,120	$287,150	$599,270

Home Value Compared to the Market

This property vs the competition

5576 Cerritos Ave sold on January 3, 2020 for 14.53% lower than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $375.33 per/sqft which puts the price per square foot 40.23% lower than the current median sale per square foot for the city of Long Beach.

About 5576 Cerritos Ave

Detailed summary of property

5576 Cerritos Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,865 living square feet, and sits on an approximately 4,140 square foot lot. 5576 Cerritos Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $700,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 14.53% lower than the current median priced home. Local homes that are currently for sale include 11111 Wilmington Ave, 2015 E 105th St and 1826 E 107th St. While the average home in Long Beach, CA is selling in 62 days, 5576 Cerritos Ave has a days on market of 16 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 5576 Cerritos Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5576 Cerritos Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1937
Sq. Ft.: 1,865
Lot Size: 4,140
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 37
APN: 7128-005-023

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$680,000

Median List Price/Sq.Ft.

$552

Median Sold Price

$700,000

Median Sold Price/Sq.Ft.

$568

Total Inventory

Median Sale to List Price %

101.89%

Avg Days on Market

Loan Type

Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.