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5640 Cerritos Ave, Long Beach, CA 90805
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5640 Cerritos Ave Long Beach, CA 90805

$765,000 Sold Price as of 04/02/2021
  • 3 Beds
  • 2 Baths
  • 1,438 Sq.Ft.
Sold
$765,000 Sold Price as of 04/02/2021 Refinance Your Mortgage
Map preview of 5640 Cerritos Ave, Long Beach, CA 90805

Property Overview: 5640 Cerritos Ave Long Beach, CA has 3 bedrooms, 2 bathrooms, 1,438 living square feet and 4,231 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Cutest craftsman duplex in Southern California! Located in Long Beach, a city with 2 billion dollars in approved real estate development projects, transforming the city into a metropolitan beach powerhouse. Property has been meticulously restored to its original glory while preserving its craftsman details. Live in the front, rent out the back and allow someone to contribute to your mortgage. Freshly repainted, all windows have been upgraded, and property had a complete remodel in recent years. Front unit comes with a two car garage and upper-back unit has a designated private parking. North Long Beach also recently launched the Uptown Commons Project with full retail along with modern theme restaurants. If you fancy yourself a real estate investor, this is the perfect property to add to your portfolio. Property is a legal Duplex and all Sqft is verified with County. Building One is front unit and the county has it at 958 sqft 2 bed 1 bath. Building Two is located above the garage and the county has it at 480 sqft 1 bed 1 bath.

Listed by LING BEH | BRE #01945660 | STRIVE REAL ESTATE
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
4,231
HOA Dues
$0/mo
Year built
1937
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
CV21025609
City
Long Beach
County
Los Angeles
Time on Site
1320 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # 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
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.43%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $49,200
  • Net Operating Income: $39,374
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,826
  • New Taxes: $8,338
  • Trash: $0
  • Insurance: $1,200
  • Water/Sewer: $288

Virtual Tour

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Property Details for 5640 Cerritos Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Galley Kitchen, Kitchen, Laundry
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Assigned, Garage, Garage - Two Door, Garage Door Opener
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7128006023
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: None
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: Located in North Long Beach
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 5640 Cerritos Ave

Last sold for $765,000 on April 2nd, 2021

  • April, 2021

  • Apr 2, 2021

    Date

    Sold

    CRMLS: CV21025609

    $765,000

    Price

  • Feb 14, 2021

    Date

    Pending

    CRMLS: CV21025609

    $725,000

    Price

  • Feb 7, 2021

    Date

    Active

    CRMLS: CV21025609

    $725,000

    Price

  • October, 2018

  • Oct 3, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2017

  • May 4, 2017

    Date

    Sold (Public Records)

    Public Records

    $537,000

    Price

Show More

Tax History for 5640 Cerritos Ave

Assessed Value (2020): $571,200
Year Land Value Improved Value Assessed Value
2020 $265,200 $306,000 $571,200

Home Value Compared to the Market

This property vs the competition

5640 Cerritos Ave sold on April 2, 2021 for 11.48% 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 $504.17 per/sqft which puts the price per square foot 19.72% lower than the current median sale per square foot for the city of Long Beach.

About 5640 Cerritos Ave

Detailed summary of property

5640 Cerritos Ave is a duplex that recently sold in Long Beach, CA 90805. This duplex offered 3 bedrooms, 2 bathrooms, roughly 1,438 living square feet, and sits on an approximately 4,231 square foot lot. 5640 Cerritos Ave was first listed on ArdentRealEstateGroup.com on February 7, 2021. The homeowner sold the property for $765,000. 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 11.48% lower than the current median priced home. Local homes that are currently for sale include 1022 Raymond Ave, 321 E 9th St and 727 Martin Luther King Jr Ave. While the average home in Long Beach, CA is selling in 62 days, 5640 Cerritos Ave has a days on market of 7 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 5640 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 5640 Cerritos Ave

Public county record property details
Beds
3
Baths
2
Year built
1937
Sq. Ft.
1,438
Lot Size
4,230
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
7128-006-023

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
96
Median Sale to List Price %
101.89%
Avg Days on Market
28
Loan Type
Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

Thinking of Selling?

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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.

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