6539 Cherry Ave #1, Long Beach, CA 90805
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6539 Cherry Ave #1 Long Beach, CA 90805

$1,320,000 Sold Price as of 10/17/2022
  • 9 Beds
  • 5 Baths
  • 4,171 Sq.Ft.
Sold
$1,320,000 Sold Price as of 10/17/2022 Refinance Your Mortgage

Map preview of 6539 Cherry Ave #1, Long Beach, CA 90805

Property Overview: 6539 Cherry Ave #1 Long Beach, CA has 9 bedrooms, 5 bathrooms, 4,171 living square feet and 5,229 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great for owner user! Prime well maintained 4-plex in a great location in Long Beach. Large units consisting of one 3/2 bath and three 2/1 bath units with garages. Rents below market. There is an opportunity to deliver a 2bd/1ba unit for an owner/user or to rent out at market. Must see to appreciate.

Listed by Tom Nguyen | BRE #01342497 | Hopkins Global Inc.
Last checked: 11 minutes ago | Last updated: February 2nd, 2023 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
5,229
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22175692
City
Long Beach
County
Los Angeles
Time on Site
693 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # 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: $1,863
  • Total Rent: $1,863
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,390
  • Total Rent: $2,390
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $97,128
  • Net Operating Income: $9
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 6539 Cherry Ave #1

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7114006048
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just off of Cherry and Artesia Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 6539 Cherry Ave #1

Last leased for $2,000 on February 1st, 2023
  • February, 2023

  • Feb 1, 2023

    Date

    Leased

    CRMLS: 22211217

    $2,000

    Price

  • Oct 24, 2022

    Date

    Active

    CRMLS: 22211217

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    6539 Cherry Ave #2, Long Beach, CA 90805 is a part of a multifamily ( 4 Units ) home that was built on 1964. 1st Floor It contains 2 bedrooms with 1 bathrooms and a 1 car garage and small storage unit. Estimated 850 sq. ft. of living spaces on a total of 5,229 square feet lot. The property is centrally located near schools, parks, and shopping centers, with the rental area having high demand as its community is with the famous Long Beach.

  • January, 2023

  • Jan 3, 2023

    Date

    Leased

    CRMLS: 22225215

    $2,000

    Price

  • Dec 14, 2022

    Date

    Active

    CRMLS: 22225215

    $2,000

    Price

  • Listing provided courtesy of CRMLS

    6539 Cherry Ave #3, Long Beach, CA 90805 is a part of a multifamily ( 4 Units ) home that was built on 1964. 2nd Floor It contains 2 bedrooms with 1 bathrooms and a 1 car garage and small storage unit. Estimated 850 sq. ft. of living spaces on a total of 5,229 square feet lot. The property is centrally located near schools, parks, and shopping centers, with the rental area having high demand as its community is with the famous Long Beach.

  • December, 2022

  • Dec 13, 2022

    Date

    Leased

    CRMLS: 22209449

    $2,000

    Price

  • Oct 17, 2022

    Date

    Active

    CRMLS: 22209449

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    6539 Cherry Ave #3, Long Beach, CA 90805 is a part of a multifamily ( 4 Units ) home that was built on 1964. 2nd Floor It contains 2 bedrooms with 1 bathrooms and a 1 car garage and small storage unit. Estimated 850 sq. ft. of living spaces on a total of 5,229 square feet lot. The property is centrally located near schools, parks, and shopping centers, with the rental area having high demand as its community is with the famous Long Beach.

  • October, 2022

  • Oct 17, 2022

    Date

    Sold

    CRMLS: OC22175692

    $1,320,000

    Price

  • Aug 9, 2022

    Date

    Active

    CRMLS: OC22175692

    $1,425,000

    Price

  • May, 2022

  • May 14, 2022

    Date

    Canceled

    CRMLS: OC22068675

    $1,595,000

    Price

  • Apr 5, 2022

    Date

    Active

    CRMLS: OC22068675

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 4plex in a great part of Long Beach. The front unit is a large one story 3bd/2ba and there are 3-2bd/1ba units. Current rents are well below market. One unit (2bd/1ba unit) will be delivered vacant at closing - great for an OWNER/USER!

  • April, 2022

  • Apr 6, 2022

    Date

    Canceled

    CRMLS: OC22047740

    $1,500,000

    Price

  • Mar 9, 2022

    Date

    Active

    CRMLS: OC22047740

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 4plex in a great part of Long Beach. The front unit is a large one story 3bd/2ba and there are 3-2bd/1ba units. Current rents are well below market.

  • May, 2018

  • May 16, 2018

    Date

    Sold

    CRMLS: DW18052673

    $840,000

    Price

  • Mar 22, 2018

    Date

    Pending

    CRMLS: DW18052673

    $820,000

    Price

  • Mar 9, 2018

    Date

    Hold

    CRMLS: DW18052673

    $820,000

    Price

  • Mar 8, 2018

    Date

    Active

    CRMLS: DW18052673

    $820,000

    Price

  • Listing provided courtesy of CRMLS

    Best 4 Units for sale in Long Beach. Nice Updated 4 Unit Building you are waiting for. All Units are large and updated, 4,171 square feet. One unit is 3 bedrooms 2 baths. Three Units are 2 Bedrooms 1 bath. No Rent Control and the Units qualifies for an FHA loan. Property is centrally located close to Schools, Parks, Shopping Centers. Great Rental Area with high Demand. This property will not last. Please do not disturb tenants.

  • May, 2018

  • May 16, 2018

    Date

    Sold (Public Records)

    Public Records

    $840,000

    Price

  • October, 2015

  • Oct 28, 2015

    Date

    Sold (Public Records)

    Public Records

    $715,000

    Price

Show More

Tax History for 6539 Cherry Ave #1

Assessed Value (2020): $873,936
Year Land Value Improved Value Assessed Value
2020 $312,120 $561,816 $873,936

Home Value Compared to the Market

This property vs the competition

6539 Cherry Ave #1 sold on October 17, 2022 for 70.05% 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 $341.64 per/sqft which puts the price per square foot 48.55% lower than the current median sale per square foot for the city of Long Beach.

About 6539 Cherry Ave #1

Detailed summary of property

6539 Cherry Ave #1 is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 9 bedrooms, 5 bathrooms, roughly 4,171 living square feet, and sits on an approximately 5,229 square foot lot. 6539 Cherry Ave #1 was first listed on ArdentRealEstateGroup.com on August 9, 2022. The homeowner sold the property for $1,320,000. 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 70.05% higher than the current median priced home. Local homes that are currently for sale include 1631 E 88th St, 1915 Nadeau St and 907 E 88th St. While the average home in Long Beach, CA is selling in 54 days, 6539 Cherry Ave #1 has a days on market of 22 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 6539 Cherry Ave #1 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 6539 Cherry Ave #1

Public county record property details
Beds
9
Baths
5
Year built
1964
Sq. Ft.
4,171
Lot Size
5,151
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
51
APN
7114-006-048

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
$675,000
Median List Price/Sq.Ft.
$537
Median Sold Price
$725,000
Median Sold Price/Sq.Ft.
$566
Total Inventory
72
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%)

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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.