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534 Cherry Ave, Long Beach, CA 90802
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534 Cherry Ave Long Beach, CA 90802

$1,100,000 Sold Price as of 01/31/2020
  • 6 Beds
  • 4 Baths
  • 3,656 Sq.Ft.
Sold
$1,100,000 Sold Price as of 01/31/2020 Refinance Your Mortgage
Map preview of 534 Cherry Ave, Long Beach, CA 90802

Property Overview: 534 Cherry Ave Long Beach, CA has 6 bedrooms, 4 bathrooms, 3,656 living square feet and 6,251 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 534 Cherry located in the Rose Park South Historic District. 4 large Large units 900 square feet each, nicely upgraded. Each unit comes with their own interior laundry hookups and garage. Major systems have been upgraded, plumbing, electrical and garage roof. Upstairs units are used as two bedrooms and downstairs are one bedroom. Great Walkscore 93 - one block north from Retro Row with independent merchants, coffee shops and eateries. Proforma rents are reflected as 2-3 of the units can be delivered vacant at close of escrow.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
1924
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW19284825
City
Long Beach
County
Los Angeles
Time on Site
1408 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # 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: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $86,280
  • Net Operating Income: $60,396
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $25,884
  • Electric: $600
  • Licenses: $400
  • New Taxes: $13,438
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $2,400
  • Maintenance: $3,000
  • Professional Management: $1,246
  • Water/Sewer: $3,600

Property Details for 534 Cherry Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Tile, Wood
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • 2 Staircases, Balcony, Built-in Features, Ceiling Fan(s), Crown Molding
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Flat
  • No Fence
  • None
  • 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: 8
  • Has Parking
  • Parking Features: Driveway, Concrete, Paved, Garage, Off Street
Lot Information
  • Lot Features: 0-1 Unit/Acre, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7262025012
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is not Attached
  • Accessibility Features: Disability Features
  • Offered With Property: Refrigerator, stove
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Rose Park South
  • Directions: One block north of 4th Street. Near Retro Row Shops
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 534 Cherry Ave

Last sold for $1,100,000 on January 31st, 2020

  • February, 2020

  • Feb 3, 2020

    Date

    Sold

    CRMLS: PW19284825

    $1,100,000

    Price

  • Jan 29, 2020

    Date

    Pending

    CRMLS: PW19284825

    $1,075,000

    Price

  • Jan 29, 2020

    Date

    Sold

    CRMLS: PW19284825

    $1,100,000

    Price

  • Jan 1, 2020

    Date

    Pending

    CRMLS: PW19284825

    $1,075,000

    Price

  • Dec 27, 2019

    Date

    Active

    CRMLS: PW19284825

    $1,075,000

    Price

  • January, 2020

  • Jan 31, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

  • January, 2020

  • Jan 31, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 534 Cherry Ave

Assessed Value (2020): $1,100,560
Year Land Value Improved Value Assessed Value
2020 $701,600 $398,960 $1,100,560

Home Value Compared to the Market

This property vs the competition

534 Cherry Ave sold on January 31, 2020 for 34.38% 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 $294.04 per/sqft which puts the price per square foot 53.48% lower than the current median sale per square foot for the city of Long Beach.

About 534 Cherry Ave

Detailed summary of property

534 Cherry Ave is a fourplex that recently sold in Long Beach, CA 90802. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 3,656 living square feet, and sits on an approximately 6,251 square foot lot. 534 Cherry Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,100,000. 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 34.38% 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. While the average home in Long Beach, CA is selling in 51 days, 534 Cherry Ave has a days on market of 5 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 534 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 534 Cherry Ave

Public county record property details
Beds
6
Baths
4
Year built
1924
Sq. Ft.
3,656
Lot Size
6,251
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7262-025-012

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
$539,800
Median List Price/Sq.Ft.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
126
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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