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1712 Cherry Ave, Long Beach, CA 90813
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1712 Cherry Ave Long Beach, CA 90813

$1,550,000 Sold Price as of 09/09/2022
  • 10 Beds
  • 7 Baths
  • 3,968 Sq.Ft.
Sold
$1,550,000 Sold Price as of 09/09/2022 Refinance Your Mortgage
Map preview of 1712 Cherry Ave, Long Beach, CA 90813

Property Overview: 1712 Cherry Ave Long Beach, CA has 10 bedrooms, 7 bathrooms, 3,968 living square feet and 5,995 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a 4-unit apartment building located in Long Beach, CA. Built in 1964, the subject property consists of 3,968 rentable square-feet, spread throughout a 5,995 square foot lot. Most units have been recently updated, consisting of two 2-Bedroom/ 1-Bathroom units, one 3-Bedroom/ 3-Bathroom unit and one 3-Bedroom/ 2-Bathroom house to the back of the property. Owners can enjoy this high-demand rental location known for blue-collar workers, resulting in consistent low vacancy-rates and increasing rents. Tenants appreciate living close to 405-Freeway, public transportation, great schools, dining and much more. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset with high-demand rental market in a great neighborhood of Long Beach.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Co-listed by Ryan Gonzalez | BRE #01874815 | Marcus & Millichap
Last checked: 5 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
5,995
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW22151491
City
Long Beach
County
Los Angeles
Time on Site
661 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $3,900
  • Pro Forma/Market Rent: $2,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,600
  • Net Operating Income: $66,267
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $33,255
  • Electric: $750
  • Gas/Fuel: $750
  • New Taxes: $18,125
  • Trash: $750
  • Insurance: $1,500
  • Maintenance: $3,200
  • Professional Management: $4,880
  • Water/Sewer: $750

Property Details for 1712 Cherry Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7261006024
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Go west on E 17th St, make a right on Cherry Ave, property is on right
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1712 Cherry Ave

Last sold for $1,550,000 on September 9th, 2022

  • April, 2023

  • Apr 29, 2023

    Date

    Expired

    CRMLS: SR22232176

    $1,900,000

    Price

  • Nov 2, 2022

    Date

    Active

    CRMLS: SR22232176

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    4 UNITS IN LONG BEACH READY TO BE LEASED OUT FOR MARKET VALUES! Total projected rental income is $13,000 per month. Just minutes away from the ocean! Beautiful investment property in a growing area. Perfect for the new owner to live in one unit and rent out the rest for additional income. Units are as follows. Unit #1: [3 Bed, 3 Bath (projected rent $3750/month)]. Unit #2: [3 Bed, 2 Bath (projected rent ($3750/month)]. Unit #3: [2 Bed, 1 Bath ($2750/month)]. Unit #4: [2 Bed, 1 Bath ($2750/month)]. Check other rentals in the area to compare. Many investors currently consider the city of Long Beach a hot spot for investments due all the development going on in the area. The Port of Long Beach is in the midst of a $2.6 billion program of capital improvements over the next 10 years and thousands of long term jobs will be created. Don't miss out on this exciting investment opportunity! MORE PHOTOS COMING SOON!

  • February, 2023

  • Feb 9, 2023

    Date

    Expired

    CRMLS: SR22253484

    $3,150

    Price

  • Dec 9, 2022

    Date

    Active

    CRMLS: SR22253484

    $3,450

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled modern style detached single family home located behind a triplex with all appliances included. 2 designated parking spots. Located just MINUTES AWAY FROM THE BEACH! Come and see this beautiful home for yourself!

  • February, 2023

  • Feb 9, 2023

    Date

    Expired

    CRMLS: SR22253588

    $2,950

    Price

  • Dec 9, 2022

    Date

    Active

    CRMLS: SR22253588

    $3,250

    Price

  • Listing provided courtesy of CRMLS

    Large 3 bedroom unit freshly painted in excellent condition. Located just MINUTES AWAY FROM THE BEACH! This unit has a massive master bedroom that has it's own entrance. 2 designated parking spots. Come and see this beautiful home for yourself!

  • February, 2023

  • Feb 9, 2023

    Date

    Expired

    CRMLS: SR22253615

    $2,250

    Price

  • Dec 9, 2022

    Date

    Active

    CRMLS: SR22253615

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 2 bedroom unit freshly painted in excellent condition. Located just MINUTES AWAY FROM THE BEACH! This unit comes with a refrigerator, stove, oven and microwave. 1 designated parking spot but there is usually parking available on the street. Come and see this beautiful home for yourself!

  • February, 2023

  • Feb 9, 2023

    Date

    Expired

    CRMLS: SR22254188

    $2,250

    Price

  • Dec 11, 2022

    Date

    Active

    CRMLS: SR22254188

    $2,250

    Price

  • Listing provided courtesy of CRMLS

    Beautiful 2 bedroom unit freshly painted in excellent condition. Located just MINUTES AWAY FROM THE BEACH! This unit comes with a refrigerator, stove and oven. 1 designated parking spot but there is usually parking available on the street. Come and see this beautiful home for yourself!

  • September, 2022

  • Sep 9, 2022

    Date

    Sold

    CRMLS: PW22151491

    $1,550,000

    Price

  • Jul 11, 2022

    Date

    Active

    CRMLS: PW22151491

    $1,450,000

    Price

  • August, 2011

  • Aug 16, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1712 Cherry Ave

Assessed Value (2020): $88,002
Year Land Value Improved Value Assessed Value
2020 $24,182 $63,820 $88,002

Home Value Compared to the Market

This property vs the competition

1712 Cherry Ave sold on September 9, 2022 for 81.25% 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 $365.42 per/sqft which puts the price per square foot 42.18% lower than the current median sale per square foot for the city of Long Beach.

About 1712 Cherry Ave

Detailed summary of property

1712 Cherry Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 3,968 living square feet, and sits on an approximately 5,995 square foot lot. 1712 Cherry Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,550,000. 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 81.25% higher than the current median priced home. Local homes that are currently for sale include 1967 Atlantic Ave, 720 Coronado Ave and 522 E Rhea St. While the average home in Long Beach, CA is selling in 51 days, 1712 Cherry Ave has a days on market of 31 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1712 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 1712 Cherry Ave

Public county record property details
Beds
8
Baths
6
Year built
1964
Sq. Ft.
3,968
Lot Size
5,994
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
7261-006-024

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
$570,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
34
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?

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(714) 706-1823

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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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