Search
1430 Cherry Ave, Long Beach, CA 90813
View Photos

1430 Cherry Ave Long Beach, CA 90813

$2,150,000 Sold Price as of 04/14/2021
  • 14 Beds
  • 14 Baths
  • 6,018 Sq.Ft.
Sold
$2,150,000 Sold Price as of 04/14/2021 Refinance Your Mortgage
Map preview of 1430 Cherry Ave, Long Beach, CA 90813

Property Overview: 1430 Cherry Ave Long Beach, CA has 14 bedrooms, 14 bathrooms, 6,018 living square feet and 8,376 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by John Lindberg | BRE #01010112 | Re/Max R. E. Specialists
Co-listed by Jamee Lindberg | BRE #01107487 | Re/Max R. E. Specialists
Last checked: 9 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
8,376
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21014375
City
Long Beach
County
Los Angeles
Time on Site
1200 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
  • # of Leased Units: 14
  • # of Electric Meters: 14
  • # of Gas Meters: 1
  • # 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: $825
  • Total Rent: $825
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $936
  • Total Rent: $936
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $995
  • Total Rent: $995
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 7
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $2,050
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 8
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $1,150
Unit Breakdown 9
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $1,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 15.45
  • Gross Scheduled Income: $148,535
  • Net Operating Income: $111,875
  • Gross Operating Income: $4,456
Annual Expense Breakdown
  • Total Operating Expense: $36,678
  • Electric: $400
  • Gas/Fuel: $1,024
  • Licenses: $600
  • New Taxes: $28,700
  • Trash: $10
  • Insurance: $2,764
  • Maintenance: $12,369
  • Professional Management: $7,451
  • Water/Sewer: $4,842

Property Details for 1430 Cherry Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Satellite Dish
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 14
  • Parcel Number: 7261019002
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Available
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: From Anaheim Street, head North on Cherry
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1430 Cherry Ave

Last sold for $2,150,000 on April 14th, 2021

  • April, 2021

  • Apr 17, 2021

    Date

    Sold

    CRMLS: PW21014375

    $2,150,000

    Price

  • Mar 20, 2021

    Date

    Pending

    CRMLS: PW21014375

    $2,295,000

    Price

  • Jan 29, 2021

    Date

    Active Under Contract

    CRMLS: PW21014375

    $2,295,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: PW21014375

    $2,295,000

    Price

  • December, 2020

  • Dec 21, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2011

  • Aug 24, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2011

  • Jun 29, 2011

    Date

    Sold

    CRMLS: 12153053

    $750,000

    Price

  • Jun 15, 2011

    Date

    Active

    CRMLS: 12153053

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Bank REO ! 14 unit property. All 1br 1ba. 12 units are actually leased and 2 are vacant. Cap Rate and Gross multiplier based on actual rents. Income from vacant units is not included. Expenses are projected.

Show More

Tax History for 1430 Cherry Ave

Assessed Value (2020): $881,048
Year Land Value Improved Value Assessed Value
2020 $410,012 $471,036 $881,048

Home Value Compared to the Market

This property vs the competition

1430 Cherry Ave sold on April 14, 2021 for 186.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $381.36 per/sqft which puts the price per square foot 39.66% lower than the current median sale per square foot for the city of Long Beach.

About 1430 Cherry Ave

Detailed summary of property

1430 Cherry Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 14 bedrooms, 14 bathrooms, roughly 6,018 living square feet, and sits on an approximately 8,376 square foot lot. 1430 Cherry Ave was first listed on ArdentRealEstateGroup.com on January 22, 2021. The homeowner sold the property for $2,150,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 186.88% higher than the current median priced home. Local homes that are currently for sale include 791 Coronado Ave, 1216 E Florida St and 522 E Rhea St. While the average home in Long Beach, CA is selling in 53 days, 1430 Cherry Ave has a days on market of 6 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1430 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 1430 Cherry Ave

Public county record property details
Beds
14
Baths
14
Year built
1923
Sq. Ft.
6,018
Lot Size
8,376
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,3
APN
7261-019-002

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
$629,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
30
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1430 Cherry Ave

Nearby Homes for Sale

1512 N Stanton Pl, Long Beach, CA 90804
$2,200,000
16 Beds
8 Baths
6960 Sq.Ft.
1512 N Stanton Pl
Long Beach, CA 90804
1706 Sherman Pl, Long Beach, CA 90804
$2,099,000
10 Beds
9 Baths
4226 Sq.Ft.
1706 Sherman Pl
Long Beach, CA 90804
2507 E 14th St, Long Beach, CA 90804
$1,850,000
10 Beds
10 Baths
6067 Sq.Ft.
2507 E 14th St
Long Beach, CA 90804
1148 Stanley Ave, Long Beach, CA 90804
$2,375,000
16 Beds
16 Baths
6240 Sq.Ft.
1148 Stanley Ave
Long Beach, CA 90804
1050 Molino Ave, Long Beach, CA 90804
$1,799,000
9 Beds
6 Baths
4361 Sq.Ft.
1050 Molino Ave
Long Beach, CA 90804
1717 Temple Ave, Long Beach, CA 90804
$1,950,000
9 Beds
8 Baths
4746 Sq.Ft.
1717 Temple Ave
Long Beach, CA 90804
1717 Temple Ave, Long Beach, CA 90804
$1,950,000
9 Beds
9 Baths
4746 Sq.Ft.
1717 Temple Ave
Long Beach, CA 90804
1141 E 16th St, Long Beach, CA 90813
$2,400,000
17 Beds
10 Baths
6835 Sq.Ft.
1141 E 16th St
Long Beach, CA 90813
536 Saint Louis Ave, Long Beach, CA 90814
$2,295,000
17 Beds
8 Baths
6198 Sq.Ft.
536 Saint Louis Ave
Long Beach, CA 90814
441 Dawson Ave, Long Beach, CA 90814
$2,300,000
8 Beds
8 Baths
5237 Sq.Ft.
441 Dawson Ave
Long Beach, CA 90814
1616 E 4th St, Long Beach, CA 90802
$1,900,000
6 Beds
6 Baths
5300 Sq.Ft.
1616 E 4th St
Long Beach, CA 90802
650 E 15th St, Long Beach, CA 90813
$1,950,000
12 Beds
4 Baths
4158 Sq.Ft.
650 E 15th St
Long Beach, CA 90813

Recently Sold Homes Near 1430 Cherry Ave

1426 Cherry Ave, Long Beach, CA 90813
$1,297,500 Last Sold Price
10 Beds
4 Baths
2968 Sq.Ft.
1426 Cherry Ave
Long Beach, CA 90813
2031 E Spaulding Way, Long Beach, CA 90804
$560,000 Last Sold Price
3 Beds
2 Baths
852 Sq.Ft.
2031 E Spaulding Way
Long Beach, CA 90804
2022 E 15th St, Long Beach, CA 90804
$830,000 Last Sold Price
4 Beds
3 Baths
1640 Sq.Ft.
2022 E 15th St
Long Beach, CA 90804
1431 Saint Louis Ave, Long Beach, CA 90804
$715,000 Last Sold Price
4 Beds
2 Baths
1248 Sq.Ft.
1431 Saint Louis Ave
Long Beach, CA 90804

Related Resources to 1430 Cherry Ave

New Listings in 90813
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote