Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
160 Total Sales
107 Cherry Ave Long Beach, CA 90802
Alamitos Beach Neighborhood
1
Bed
2
Baths
12,980
Sq Ft
10,019
Sq Ft Lot
Highlights
- 0.23 Acre Lot
- Level Lot
- 2-minute walk to Bixby Park
- Long Beach Polytechnic High School Rated A
About This Home
As of April 2024Park Side West Garden Apartments is a 17-unit multifamily investment property located at 101 - 107 Cherry Avenue in Long Beach, CA. Park Side West offers an attractive mix of studio and one-bedroom floor plans and amenities including private balconies (select units) and storage lockers. Units feature a mix of tile and carpet flooring, as well as granite countertops, tile backsplashes, and walk-in closets. Park Side West benefits from its unparalleled Alamitos Beach location, adjacent to Bixby Park and a short walk to popular local beaches. The property is just 0.40 miles from Retro Row, providing residents with easy access to some of Long Beach’s most unique and vibrant shops and restaurants. Additionally, residents enjoy Park Side West’s close proximity to Downtown Long Beach, the city’s cultural and financial hub. Furthermore, the property is just over 1.50 miles from the abundance of retail, dining, and entertainment options at Belmont Shore’s 2nd Street. The property’s ideal Long Beach location surrounded by neighborhoods offering a wide variety of outdoor activities as well as employment, transportation, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Park Side West Garden Apartments.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 11/28/2023
Last Buyer's Agent
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 11/28/2023
Property Details
Home Type
- Apartment
Year Built
- Built in 1948
Lot Details
- 10,019 Sq Ft Lot
- No Common Walls
- Level Lot
Home Design
- Entry on the 1st floor
Interior Spaces
- 12,980 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 12 / 67
- Tax Tract Number 576602
- Assessor Parcel Number 7265020015
- $3,042 per year additional tax assessments
Community Details
Overview
- 17 Units
Building Details
- 17 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,074
- Fuel Expense $2,075
- Insurance Expense $11,050
- Maintenance Expense $10,200
- Other Expense $24,492
- Professional Management Expense $12,026
- Trash Expense $2,075
- Water Sewer Expense $2,075
- New Taxes Expense $52,882
- Operating Expense $118,949
- Gross Income $309,960
- Net Operating Income $181,712
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2024 04/10/24 | Sold | $3,800,000 | -10.6% | $293 / Sq Ft |
| 02/26/2024 02/26/24 | Pending | -- | -- | -- |
| 11/28/2023 11/28/23 | For Sale | $4,250,000 | -- | $327 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,886 | $4,105,500 | $2,040,000 | $2,065,500 |
| 2024 | $27,886 | $1,993,741 | $1,040,212 | $953,529 |
| 2023 | $27,394 | $1,954,649 | $1,019,816 | $934,833 |
| 2022 | $25,758 | $1,916,323 | $999,820 | $916,503 |
| 2021 | $25,163 | $1,878,749 | $980,216 | $898,533 |
| 2019 | $24,802 | $1,825,487 | $951,144 | $874,343 |
| 2018 | $24,142 | $1,789,743 | $932,495 | $857,248 |
| 2016 | $22,175 | $1,717,883 | $896,286 | $821,597 |
| 2015 | $21,318 | $1,692,079 | $882,823 | $809,256 |
| 2014 | $21,242 | $1,658,934 | $865,530 | $793,404 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23217739
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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