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

Sale Details

Date 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:
Courtyard, BBQ

MANAGED BY: Mashcole Property Management INC

IT490730 - 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

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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

5,071 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2019
Closed on
Aug 2, 2019
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$3,100,000
Sold Price
$3,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 4, 2017
Closed on
Apr 10, 2017
Sold by
Bought by
Seller's Agent
Silvana Raiola
Landmark Realtors
Buyer's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
List Price
$1,795,000
Sold Price
$1,740,000
Premium/Discount to List
-$55,000
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.83%

Purchase Details

Closed on
Jun 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 13, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Alamitos Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,100,000 Ticor Title Company
$1,740,000 First American Title Company
-- --
$1,258,000 First American Title Ins Co
-- --
$860,000 North American Title Co
$495,000 North American Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,750,000
Previous Owner $1,307,000
Previous Owner $828,000
Previous Owner $765,000
Previous Owner $15,000
Previous Owner $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $44,833 $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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