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1715 Cherry Ave, Long Beach, CA 90813
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1715 Cherry Ave Long Beach, CA 90813

$1,750,000
  • 7 Beds
  • 6 Baths
  • 3,426 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 1715 Cherry Ave, Long Beach, CA 90813

Property Overview: 1715 Cherry Ave Long Beach, CA has 7 bedrooms, 6 bathrooms, 3,426 living square feet and 8,238 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: 1715 Cherry is a multi-unit residential property nestled in the vibrant city of Long Beach. There are (5) one bedroom and one bath units and (1) 2 bedroom 1 bath unit offering comfortable and well-appointed living spaces. Units 1 and 2 are both remodeled and vacant ready for new tenants! Residents benefit from convenient on-site laundry facilities located within the community. 4 separate garages and 2 uncovered parking spaces. Strategically located, tenants enjoy easy access to nearby dining, shopping, and entertainment venues. This property presents an exceptional investment opportunity for those seeking a reliable income stream in a thriving rental market.

Listed by Bill Ruane | BRE #00972400 | RE/MAX Estate Properties
Last checked: 11 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
8,238
HOA Dues
$0/mo
Year built
1949
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
SB24141613
City
Long Beach
County
Los Angeles
Time on Site
69 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,675
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,675
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,640
  • Total Rent: $1,640
  • Pro Forma/Market Rent: $1,675
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $125,280
  • Net Operating Income: $115,239
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $10,041
  • Electric: $672
  • Trash: $370
  • Gardener: $660
  • Insurance: $1,199
  • Maintenance: $480
  • Professional Management: $2,200
  • Water/Sewer: $4,460

Open Houses for 1715 Cherry Ave

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Property Details for 1715 Cherry Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down, Kitchen, Living Room
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7261005008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: E. 17th Street & Cherry Ave.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1715 Cherry Ave

Last sold for $1,200,000 on July 26th, 2019

  • July, 2024

  • Jul 11, 2024

    Date

    Active

    CRMLS: SB24141613

    $1,750,000

    Price

  • October, 2023

  • Oct 15, 2023

    Date

    Expired

    CRMLS: SB23054443

    $1,750,000

    Price

  • Apr 3, 2023

    Date

    Active

    CRMLS: SB23054443

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    1715 Cherry is a multi-unit residential property located in Long Beach. Each unit features one bedroom and one bathroom, providing comfortable living accommodations. The community also includes a convenient laundry room, providing tenants with easy access to on-site laundry facilities. With a great location in Long Beach, tenants will have access to the many dining, shopping, and entertainment options the city has to offer. This property is an excellent investment opportunity for those seeking a stable income stream in a thriving rental market.

  • July, 2019

  • Jul 29, 2019

    Date

    Sold

    CRMLS: OC19014256

    $1,215,000

    Price

  • Jul 17, 2019

    Date

    Active Under Contract

    CRMLS: OC19014256

    $1,225,000

    Price

  • Jan 19, 2019

    Date

    Active

    CRMLS: OC19014256

    $1,225,000

    Price

  • Listing provided courtesy of CRMLS

    This fee simple Multi-Family Investment opportunity is located in Long Beach California. The assets are located near the Pacific Coast Highway and Cherry Avenue intersection which are major transportation corridors boasting very high traffic counts making access to employment very attractive for tenants. Property has been recently upgraded with new roofs, dual pane windows, fresh paint and several units have been renovated with a granite package in the kitchens and bathrooms. This building has almost market rent insulating it from the issues of rent control. The 10% increase will add over $9,300 per year.

  • July, 2019

  • Jul 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

  • April, 2018

  • Apr 17, 2018

    Date

    Canceled

    CRMLS: OC18060380

    $1,249,000

    Price

  • Mar 15, 2018

    Date

    Active

    CRMLS: OC18060380

    $1,249,000

    Price

  • Listing provided courtesy of CRMLS

    Nice 6 Unit easy to manage building with new garage doors, new roof on garage, new dual pane windows and fresh exterior paint job. Great unit mix and laundry room on site. Lots of off street parking. Extensive copper plumbing with individual water heaters. All units are separately metered for gas and electric. Several units have been renovated on interior. Strong rental area.

  • July, 2017

  • Jul 13, 2017

    Date

    Sold (Public Records)

    Public Records

    $940,000

    Price

Show More

Tax History for 1715 Cherry Ave

Assessed Value (2020): $1,201,000
Year Land Value Improved Value Assessed Value
2020 $700,000 $501,000 $1,201,000

Home Value Compared to the Market

This property vs the competition

1715 Cherry Ave is listed 124.36% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $510.8 per/sqft which puts the price per square foot 20.93% lower than the median price per square foot for the city of Long Beach.

About 1715 Cherry Ave

Detailed summary of property

1715 Cherry Ave is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 7 bedrooms, 6 bathrooms, roughly 3,426 living square feet, and sits on an approximately 8,238 square foot lot. 1715 Cherry Ave was first listed on ArdentRealEstateGroup.com on July 12, 2024. The homeowner is currently asking $1,750,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 124.36% higher than the median priced home. Local competing homes currently for sale include 7014 S Vermont Ave, 4600 S Central Ave and 732 S Ferris Ave. While the average home in Long Beach, CA is selling in 62 days, 1715 Cherry Ave has a days on market of 70 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 1715 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 1715 Cherry Ave

Public county record property details
Beds
7
Baths
6
Year built
1949
Sq. Ft.
3,426
Lot Size
8,238
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
33
APN
7261-005-008

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
$560,000
Median List Price/Sq.Ft.
$553
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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(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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