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532 Cherry Ave, Long Beach, CA 90802
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532 Cherry Ave Long Beach, CA 90802

$1,105,575 Sold Price as of 05/29/2020
  • 4 Beds
  • 4 Baths
  • 2,000 Sq.Ft.
Sold
$1,105,575 Sold Price as of 05/29/2020 Refinance Your Mortgage
Map preview of 532 Cherry Ave, Long Beach, CA 90802

Property Overview: 532 Cherry Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,000 living square feet and 5,351 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SOLD BEFORE PROCESSING. 4-Unit Apartment Building in Rose Park South. All four units are 1 bedroom, 1 bathroom, with two garages for the property.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Co-listed by Caleb Baldwin | BRE #02056751 | Sage Real Estate
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,351
HOA Dues
$0/mo
Year built
1959
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW20101522
City
Long Beach
County
Los Angeles
Time on Site
1397 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,571
  • Total Rent: $1,571
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,571
  • Total Rent: $1,571
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,577
  • Total Rent: $1,577
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,571
  • Total Rent: $1,571
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.78%
  • Gross Rent Multiplier: 14.65
  • Gross Scheduled Income: $75,480
  • Net Operating Income: $52,836
  • Gross Operating Income: --
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $22,644
  • Gas/Fuel: $4,320
  • New Taxes: $13,819
  • Trash: $0
  • Insurance: $1,800
  • Water/Sewer: $2,400

Property Details for 532 Cherry Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7262025013
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Rose Park South
  • Directions: One block North of Retro Row. Rose Park South
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 532 Cherry Ave

Last sold for $1,105,575 on May 29th, 2020

  • May, 2020

  • May 29, 2020

    Date

    Sold

    CRMLS: PW20101522

    $1,105,575

    Price

  • May 29, 2020

    Date

    Active

    CRMLS: PW20101522

    $1,105,575

    Price

  • May, 2020

  • May 27, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,106,000

    Price

  • February, 2013

  • Feb 12, 2013

    Date

    Sold (Public Records)

    Public Records

    $280,000

    Price

Show More

Tax History for 532 Cherry Ave

Assessed Value (2020): $394,630
Year Land Value Improved Value Assessed Value
2020 $281,494 $113,136 $394,630

Home Value Compared to the Market

This property vs the competition

532 Cherry Ave sold on May 29, 2020 for 38.2% 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 $552.79 per/sqft which puts the price per square foot 12.53% lower than the current median sale per square foot for the city of Long Beach.

About 532 Cherry Ave

Detailed summary of property

532 Cherry Ave is a fourplex that recently sold in Long Beach, CA 90802. This fourplex offered 4 bedrooms, 4 bathrooms, roughly 2,000 living square feet, and sits on an approximately 5,351 square foot lot. 532 Cherry Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,105,575. 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 38.2% higher than the current median priced home. Local homes that are currently for sale include 1033 Prospect Ave, 702 Cedar Ave and 1044 Cedar Ave. 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 532 Cherry Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 532 Cherry Ave

Public county record property details
Beds
4
Baths
4
Year built
1959
Sq. Ft.
2,016
Lot Size
5,351
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7262-025-013

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$520,000
Median List Price/Sq.Ft.
$627
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
131
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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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