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1380 Cherry Ave, Long Beach, CA 90813
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1380 Cherry Ave Long Beach, CA 90813

$1,100,000
  • 3 Beds
  • 4 Baths
  • 2,752 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified
Map preview of 1380 Cherry Ave, Long Beach, CA 90813

Property Overview: 1380 Cherry Ave Long Beach, CA has 3 bedrooms, 4 bathrooms, 2,752 living square feet and 5,850 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: Great opportunity for business owner operator or live in one and rent others. 4 Units in a busy street 2 Commercial units and 2 Residential. 5 car garage plus a large storage room. Alley access, secure gate.

Listed by Mina Montejano | BRE #01111895 | THE REAL ESTATE GROUP
Last checked: 9 minutes ago | Last updated: April 18th, 2024 | Source CRMLS | DOM: 121
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Home details

Lot Sq. Ft
5,850
HOA Dues
$0/mo
Year built
1930
Garage
5 Car
Property Type:
Mixed Use
Status
Active
MLS#
IN23212292
City
Long Beach
County
Los Angeles
Time on Site
167 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,315
  • Total Rent: $1,315
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,860
  • Net Operating Income: $63,260
  • Gross Operating Income: --
  • # of Rented Garages: 5
  • Garage Rental Rate: $150
Annual Expense Breakdown
  • Total Operating Expense: $10,600
  • Electric: $1,000
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,200
  • Water/Sewer: $1,680

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Property Details for 1380 Cherry Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Mixed, Shingle, Spanish Tile
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Garage, Garage Faces Side, Garage - Two Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7261023003
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: n/a
  • Directions: North of Anaheim St / East of Los Alamitos Ave
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1380 Cherry Ave

Last sold for $283,000 on May 1st, 2003

  • November, 2023

  • Nov 15, 2023

    Date

    Active

    CRMLS: IN23212292

    $1,100,000

    Price

  • May, 2021

  • May 4, 2021

    Date

    Price Change

    CRMLS: DW21052472

    $1,300,000

    Price

  • Mar 12, 2021

    Date

    Active

    CRMLS: DW21052472

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Mixed Use Building 2 Commercial Locations Down Stairs One is a Hair Salon the other one is a Convenience Store. The Two Upstairs are Residential Units. With 5 Car Garage's that are rented out for Storage. First time this Gem hits the Market. A Few Minutes From the Beach, In a very great Location.

  • May, 2003

  • May 1, 2003

    Date

    Sold (Public Records)

    Public Records

    $283,000

    Price

  • September, 1997

  • Sep 4, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1380 Cherry Ave

Assessed Value (2020): $374,767
Year Land Value Improved Value Assessed Value
2020 $158,909 $215,858 $374,767

Home Value Compared to the Market

This property vs the competition

1380 Cherry Ave is listed 37.52% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $399.71 per/sqft which puts the price per square foot 37.25% lower than the median price per square foot for the city of Long Beach.

About 1380 Cherry Ave

Detailed summary of property

1380 Cherry Ave is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 3 bedrooms, 4 bathrooms, roughly 2,752 living square feet, and sits on an approximately 5,850 square foot lot. 1380 Cherry Ave was first listed on ArdentRealEstateGroup.com on November 16, 2023. The homeowner is currently asking $1,100,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 37.52% higher than the median priced home. Local competing homes currently for sale include 11726 S Budlong Ave, 8310 S Broadway and 9318 S Western Ave. While the average home in Long Beach, CA is selling in 54 days, 1380 Cherry Ave has a days on market of 121 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 1380 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 1380 Cherry Ave

Public county record property details
Beds
--
Baths
--
Year built
1930
Sq. Ft.
2,752
Lot Size
5,850
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7261-023-003

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
$695,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Long Beach Agent
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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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