NOT LISTED FOR SALE
3 Beds
4 Baths
5,870 Sq Ft
5,071 Sq Ft Lot

Last Sold September 25, 2019

Last sale price $3,100,000 $528 Per Sq Ft

16 Days on Market

Highlights

  • 0.12 Acre Lot
  • Laundry Room
  • 2-minute walk to Bixby Park
  • Long Beach Polytechnic High School Rated A
  • 1 Car Garage

About This Home

As of September 2019

Application Fee: $62.00, effective immediately, non-refundable.


125 Cherry Ave is a 9-unit gated community with a great shared courtyard, which includes a BBQ, bistro table, and common area laundry room. A block from the beach, near shopping, dining, beach rentals, yoga at the bluff, and Bixby Park (Farmers Market on Tuesday/Saturday)

Building Amenities:
Laundry room, Courtyard, BBQ

MANAGED BY: Mashcole Property Management INC

IT490123 - IT49MC680

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 07/29/2019

Keller Williams Realty Downey

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,071 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 5,870 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 9 / 67
  • Tax Tract Number 5766
  • Assessor Parcel Number 7265020013

Community Details

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $833
  • Fuel Expense $833
  • Gardener Expense $1,000
  • Insurance Expense $5,953
  • Maintenance Expense $3,375
  • Other Expense $1,575
  • Pest Control $949
  • Professional Management Expense $8,720
  • Trash Expense $833
  • Water Sewer Expense $833
  • New Taxes Expense $38,766
  • Operating Expense $64,167
  • Gross Income $193,773
  • Net Operating Income $129,606

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Professional Management Expense: 8720.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 833.00
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 7265020013
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 528.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Pest Control Expense: 949.00
  • Sewer: Public Sewer
  • Trash Expense: 833.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5071.00
  • Lot Size Acres: 0.1164

Multi Family

  • Electric Expense: 833.00
  • Fuel Expense: 833.00
  • Gross Income: 193773.00
  • Gross Scheduled Income: 194520.00
  • Insurance Expense: 5953.00
  • Lot Size Area: 5071.0000 Square Feet
  • Maintenance Expense: 3375.00
  • Net Operating Income: 129606.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 64167.00
  • Other Expense: 1575.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 64167.00

Tax Info

  • New Taxes Expense: 38766.00
  • Tax Block: 67
  • Tax Census Tract: 5766.02
  • Tax Lot: 9
  • Tax Tract Number: 5766
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2025 03/05/25 Off Market -- -- --
01/15/2025 01/15/25 For Rent -- -- --
09/25/2019 09/25/19 Sold $3,100,000 0.0% $528 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $3,100,000 +78.2% $528 / Sq Ft
04/21/2017 04/21/17 Sold $1,740,000 -3.1% $296 / Sq Ft View Prior Sale
03/15/2017 03/15/17 Pending -- -- --
03/04/2017 03/04/17 For Sale $1,795,000 -- $306 / 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 $42,912 $3,390,300 $2,296,655 $1,093,645
2024 $42,912 $3,323,824 $2,251,623 $1,072,201
2023 $42,188 $3,258,652 $2,207,474 $1,051,178
2022 $39,575 $3,194,758 $2,164,191 $1,030,567
2021 $38,799 $3,132,116 $2,121,756 $1,010,360
2020 $38,699 $3,101,380 $2,100,000 $1,001,380
2019 $23,374 $1,811,676 $1,248,480 $563,196
2018 $22,784 $1,776,180 $1,224,000 $552,180
2016 $15,749 $1,255,084 $518,847 $736,237
2015 $15,128 $1,236,233 $511,054 $725,179
2014 $15,052 $1,212,018 $501,044 $710,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19179785

California Regional Multiple Listing Service (CRMLS)
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