NOT LISTED FOR SALE

1430 Cherry Ave Long Beach, CA 90813

Cambodia Town Neighborhood
9 Beds
9 Baths
6,018 Sq Ft
8,376 Sq Ft Lot

Last Sold April 14, 2021

Last sale price $2,150,000 $357 Per Sq Ft

6 Days on Market

Highlights

  • 0.19 Acre Lot
  • Traditional Architecture
  • Satellite Dish
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of April 2021

This home is located at 1430 Cherry Ave, Long Beach, CA 90813 since 22 January 2021. This property was built in 1923. 1430 Cherry Ave is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Creative Arts School.

Last Agent to Sell the Property

John Lindberg

Re/Max R. E. Specialists License #01010112 Listed on: 01/22/2021

Re/Max R. E. Specialists

Co-Listed By

Jamee Lindberg

Re/Max R. E. Specialists License #01107487

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,376 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,018 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Utilities

  • Satellite Dish

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • Tax Lot 3
  • Tax Tract Number 5223
  • Assessor Parcel Number 7261019002

Community Details

Overview

  • 14 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • Rent Control
  • 14 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $400
  • Fuel Expense $1,024
  • Insurance Expense $2,764
  • Maintenance Expense $12,369
  • Pest Control $646
  • Professional Management Expense $7,451
  • Trash Expense $10
  • Water Sewer Expense $4,842
  • New Taxes Expense $28,700
  • Operating Expense $36,678
  • Gross Income $148,535
  • Net Operating Income $111,875

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Professional Management Expense: 7451.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Water Sewer Expenses: 4842.00
  • Zoning: LBCNR
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7261019002
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 357.26

Exterior Features

  • Exterior Features: Satellite Dish
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Natural Gas Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 646.00
  • Sewer: Public Sewer
  • Trash Expense: 10.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 8376.00
  • Lot Size Acres: 0.1923

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Electric Expense: 400.00
  • Fuel Expense: 1024.00
  • Gross Income: 148535.00
  • Gross Multiplier: 15.45
  • Gross Operating Income: 4456.00
  • Gross Scheduled Income: 148535.00
  • Insurance Expense: 2764.00
  • Lot Size Area: 8376.0000 Square Feet
  • Maintenance Expense: 12369.00
  • Net Operating Income: 111875.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 36678.00
  • Rent Control: Yes
  • Total Actual Rent: 14006.00
  • Total Expenses: 36678.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 28700.00
  • Tax Census Tract: 5751.02
  • Tax Lot: 3
  • Tax Tract Number: 5223

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
04/14/2021 04/14/21 Sold $2,150,000 -6.3% $357 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $2,295,000 -- $381 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Lindberg

    Seller's Agent in 2021

    John Lindberg

    RE/MAX

    (562) 897-1113

    1 in this area

    49 Total Sales

    John Lindberg
    Section Image
  • Jamee Lindberg

    Seller Co-Listing Agent in 2021

    Jamee Lindberg

    RE/MAX

    (562) 881-3811

    1 in this area

    77 Total Sales

    Jamee Lindberg
    Section Image

  • J

    Buyer's Agent in 2021

    John Alden

    Alden Pacific Investments, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21014375

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Cambodia Town

1430 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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