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1122 Cherry Ave, Long Beach, CA 90813
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1122 Cherry Ave Long Beach, CA 90813

$1,099,000
  • 5 Beds
  • 5 Baths
  • 2,215 Sq.Ft.
For Sale
$1,099,000 Get Pre-Qualified
Map preview of 1122 Cherry Ave, Long Beach, CA 90813

Property Overview: 1122 Cherry Ave Long Beach, CA has 5 bedrooms, 5 bathrooms, 2,215 living square feet and 4,297 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Located in an opportunity zone within Cambodia Town (walk score: 90), 1122 Cherry Ave. offers a unit mix of studios, two-, & three-bedroom floor plans, on-site laundry room and secured front & rear entry. The property has undergone recent renovations that include formica countertops, vinyl plank flooring, refurbished cabinetry, bedroom ceiling fans, updated bathroom vanity & bathtubs.

Listed by Trey Mitchell | BRE #02060609 | CB Richard Ellis, Inc.
Last checked: 4 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 144

Home details

Lot Sq. Ft
4,297
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24383577
City
Long Beach
County
Los Angeles
Time on Site
145 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $23,940
  • Pro Forma/Market Rent: $27,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $25,140
  • Pro Forma/Market Rent: $28,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $15,600
  • Pro Forma/Market Rent: $16,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $14,340
  • Pro Forma/Market Rent: $16,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.78
  • Gross Scheduled Income: --
  • Net Operating Income: $48,512
  • Gross Operating Income: $77,369
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1122 Cherry Ave

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Property Details for 1122 Cherry Ave

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 4
  • Parcel Number: 7261032011
  • Year Built Source: Appraiser
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From CA-22 W, Turn right onto CA-1 N, Continue straight to stay on CA-1 N, Turn left onto E Anaheim St, Turn left onto Cherry Ave, Property will be on the left
View more facts & features

Local Long Beach Agent

Sale History for 1122 Cherry Ave

Last sold on April 2nd, 2019

  • April, 2024

  • Apr 23, 2024

    Date

    Active

    CRMLS: 24383577

    $1,099,000

    Price

  • April, 2019

  • Apr 2, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2009

  • Feb 25, 2009

    Date

    Sold (Public Records)

    Public Records

    $290,000

    Price

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Tax History for 1122 Cherry Ave

Assessed Value (2020): $341,462
Year Land Value Improved Value Assessed Value
2020 $176,619 $164,843 $341,462

Home Value Compared to the Market

This property vs the competition

1122 Cherry Ave is listed 40% higher than the median list price for the city of Long Beach which has a median list price of $785,000. The median price per/sqft for Long Beach is $648 and this home is listed at $496.16 per/sqft which puts the price per square foot 23.43% lower than the median price per square foot for the city of Long Beach.

About 1122 Cherry Ave

Detailed summary of property

1122 Cherry Ave is a multi family located in Long Beach, CA 90813 and is currently for sale. This multi family property offers 5 bedrooms, 5 bathrooms, roughly 2,215 living square feet, and sits on an approximately 4,297 square foot lot. 1122 Cherry Ave was first listed on ArdentRealEstateGroup.com on April 23, 2024. The homeowner is currently asking $1,099,000. The median priced home in Long Beach is $785,000 with a median price per square foot of $648. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 40% higher than the median priced home. Local competing homes currently for sale include 1125 E 17th St, 777 Obispo Ave and 1010 Lime Ave. While the average home in Long Beach, CA is selling in 61 days, 1122 Cherry Ave has a days on market of 144 days. There are currently 778 homes for sale in the Long Beach real estate market and 418 of them are single family homes while 337 of them are condos and 22 are townhomes. For more information on this home for sale at 1122 Cherry Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1122 Cherry Ave

Public county record property details
Beds
1
Baths
5
Year built
1919
Sq. Ft.
1,920
Lot Size
4,296
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7261-032-011

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$540,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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