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6202 Cherry Ave, Long Beach, CA 90805
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6202 Cherry Ave Long Beach, CA 90805

$905,000 Sold Price as of 10/28/2022
  • 3 Beds
  • 3 Baths
  • 2,150 Sq.Ft.
Sold
$905,000 Sold Price as of 10/28/2022 Refinance Your Mortgage
Map preview of 6202 Cherry Ave, Long Beach, CA 90805

Property Overview: 6202 Cherry Ave Long Beach, CA has 3 bedrooms, 3 bathrooms, 2,150 living square feet and 4,604 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Property Description: 6202 Cherry Avenue is a 4 unit apartment building, located in the city of Long Beach. The subject property is well-maintained and offers the new owner substantial upside in rents. Property Highlights: -Substantial Rental Upside -Four Garages Available -Gated Courtyard -7.2% Cap Rate on Current Rents -Excellent Visibility on Cherry Ave.

Listed by Peter Gillin | BRE #01433769 | Morgan Skenderian
Last checked: 8 minutes ago | Last updated: February 13th, 2023 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
4,604
HOA Dues
$0/mo
Year built
1950
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22195548
City
Long Beach
County
Los Angeles
Time on Site
667 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: 13.21
  • Gross Scheduled Income: $75,300
  • Net Operating Income: $48,484
  • Gross Operating Income: $73,041
  • Vacancy Allowance: $2,259
  • Gross Spendable Income: $20,416
  • # of Rented Garages: 4
  • Garage Rental Income: $600
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $24,557
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,180
  • Trash: $1,800
  • Insurance: $0
  • Maintenance: $6,777
  • Water/Sewer: $1,800

Property Details for 6202 Cherry Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
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: 26-30 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7119014007
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Cherry Manor (CM)
  • Directions: East of Cherry Ave. and South of Artesia Blvd.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 6202 Cherry Ave

Last leased for $2,200 on February 1st, 2023

  • February, 2023

  • Feb 1, 2023

    Date

    Leased

    CRMLS: SW23000621

    $2,200

    Price

  • Jan 3, 2023

    Date

    Active

    CRMLS: SW23000621

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated unit in a gated 4plex. This is UNIT 6200. This unit features two spacious bedrooms, one full bathroom, new double-paned windows, new flooring, silver gray paint, and air conditioning. Closet doors will be installed soon. A two-car garage is available for an additional fee of $100.00 per month In the heart of Long Beach, near the 91 and 405 freeways. Electricity will be paid for by the owner. A small Pet is allowed with a deposit. Storage is available. The availability date is 1/7/23. To schedule an appointment, please call or text Lorena~

  • October, 2022

  • Oct 28, 2022

    Date

    Sold

    CRMLS: PW22195548

    $905,000

    Price

  • Sep 6, 2022

    Date

    Active

    CRMLS: PW22195548

    $695,000

    Price

  • July, 2013

  • Jul 31, 2013

    Date

    Sold (Public Records)

    Public Records

    $270,000

    Price

Show More

Tax History for 6202 Cherry Ave

Assessed Value (2020): $302,635
Year Land Value Improved Value Assessed Value
2020 $224,176 $78,459 $302,635

Home Value Compared to the Market

This property vs the competition

6202 Cherry Ave sold on October 28, 2022 for 18.74% higher than the current median sold price for the city of Long Beach which is $838,000. The median sold price per/sqft for Long Beach is $664 and this home is sold at $462.79 per/sqft which puts the price per square foot 30.3% lower than the current median sale per square foot for the city of Long Beach.

About 6202 Cherry Ave

Detailed summary of property

6202 Cherry Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 2,150 living square feet, and sits on an approximately 4,604 square foot lot. 6202 Cherry Ave was first listed on ArdentRealEstateGroup.com on September 6, 2022. The homeowner sold the property for $905,000. Home in Long Beach are selling for a median price of $838,000 and a median price per square foot of $664. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 18.74% higher than the current median priced home. Local homes that are currently for sale include 9311 Bandera, 9538 Compton Ave and 906 E 109th St. While the average home in Long Beach, CA is selling in 54 days, 6202 Cherry Ave has a days on market of 12 days. There are currently 699 homes for sale in the Long Beach real estate market and 387 of them are single family homes while 291 of them are condos and 21 are townhomes. For more information on this home for sale at 6202 Cherry Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 6202 Cherry Ave

Public county record property details
Beds
--
Baths
--
Year built
1950
Sq. Ft.
1,258
Lot Size
4,604
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
9,10
APN
7119-014-007

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$677,500
Median List Price/Sq.Ft.
$540
Median Sold Price
$725,000
Median Sold Price/Sq.Ft.
$566
Total Inventory
75
Median Sale to List Price %
100%
Avg Days on Market
16
Loan Type
Conventional (57.14%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(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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