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3617 Cherry Ave, Long Beach, CA 90807
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3617 Cherry Ave Long Beach, CA 90807

$990,000
  • 3 Beds
  • 2 Baths
  • 1,310 Sq.Ft.
For Sale
$990,000 Get Pre-Qualified
Map preview of 3617 Cherry Ave, Long Beach, CA 90807

Property Overview: 3617 Cherry Ave Long Beach, CA has 3 bedrooms, 2 bathrooms, 1,310 living square feet and 5,424 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: Turnkey Duplex 3617 & 3619 Cherry Avenue – Located in Historical California Heights!! This property has been completely remodeled & upgraded, see pictures and supplements for remodel building plans. (1) 2 Bedroom, 1 Bath unit and (1) 1 Bedroom, 1 Bat unit. The units feature upgraded kitchens and bathrooms, wood flooring, recessed lighting, double pane windows, concrete patio & parking areas, new roof, and more. Each unit has its own patio area and garage. Detached garage structure also includes laundry room. Seller has not increased rents in years... substantial potential to increase income. Close to transportation, numerous nearby employment opportunities, and amenities such as, shopping centers, dining hot spots, breweries, parks, golf courses, schools, and transportation . There is also the potential for converting the rear garage into an ADU to further maximize the property's full income potential.

Listed by Scot Campbell | BRE #00943759 | Coldwell Banker-Campbell Rltrs
Last checked: 11 minutes ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 166
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Home details

Lot Sq. Ft
5,424
HOA Dues
$0/mo
Year built
1945
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
OC23205705
City
Long Beach
County
Los Angeles
Time on Site
173 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,090
  • Total Rent: $2,090
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.85%
  • Gross Rent Multiplier: 23
  • Gross Scheduled Income: $42,900
  • Net Operating Income: $28,200
  • Gross Operating Income: $42,900
  • Gross Spendable Income: $28,200
Annual Expense Breakdown
  • Total Operating Expense: $14,700
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,800
  • Water/Sewer: $1,500

Open Houses for 3617 Cherry Ave

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Property Details for 3617 Cherry Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Community, Individual Room, See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range, Microwave
Interior Features
  • Open Floorplan, Recessed Lighting
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7147009011
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
  • Accessibility Features: No Interior Steps
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: 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: California Heights
  • Directions: Cherry Avenue (inside street) north of 36th & south of 37th
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 3617 Cherry Ave

Last sold for $500,000 on April 12th, 2017

  • November, 2023

  • Nov 5, 2023

    Date

    Active

    CRMLS: OC23205705

    $990,000

    Price

  • April, 2017

  • Apr 12, 2017

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

  • November, 2015

  • Nov 20, 2015

    Date

    Sold (Public Records)

    Public Records

    $489,000

    Price

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Tax History for 3617 Cherry Ave

Assessed Value (2020): $636,723
Year Land Value Improved Value Assessed Value
2020 $382,034 $254,689 $636,723

Home Value Compared to the Market

This property vs the competition

3617 Cherry Ave is listed 23.75% higher than the median list price for the city of Long Beach which has a median list price of $800,000. The median price per/sqft for Long Beach is $633 and this home is listed at $755.73 per/sqft which puts the price per square foot 19.39% higher than the median price per square foot for the city of Long Beach.

About 3617 Cherry Ave

Detailed summary of property

3617 Cherry Ave is a duplex located in Long Beach, CA 90807 and is currently for sale. This duplex offers 3 bedrooms, 2 bathrooms, roughly 1,310 living square feet, and sits on an approximately 5,424 square foot lot. 3617 Cherry Ave was first listed on ArdentRealEstateGroup.com on November 5, 2023. The homeowner is currently asking $990,000. The median priced home in Long Beach is $800,000 with a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 23.75% higher than the median priced home. Local competing homes currently for sale include 1600 Stanley Ave, 2022 E 15th St and 2100 Pine Ave. While the average home in Long Beach, CA is selling in 56 days, 3617 Cherry Ave has a days on market of 166 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 3617 Cherry Ave Long Beach, CA 90807 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3617 Cherry Ave

Public county record property details
Beds
3
Baths
2
Year built
1945
Sq. Ft.
1,310
Lot Size
5,424
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
7147-009-011

The source for these homes facts are from public records.

90807 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,150,000
Median List Price/Sq.Ft.
$573
Median Sold Price
$915,000
Median Sold Price/Sq.Ft.
$576
Total Inventory
58
Median Sale to List Price %
101.67%
Avg Days on Market
36
Loan Type
Conventional (56.25%), FHA (0%), VA (0%), Cash (18.75%), Other (25%)

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Recently Sold Homes Near 3617 Cherry Ave

1927 E 37th St, Long Beach, CA 90807
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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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