NOT LISTED FOR SALE
9 Beds
9 Baths
6,018 Sq Ft
8,376 Sq Ft Lot

Sale Details

Date 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
  • Wilson High School Rated A
  • Laundry Facilities

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, 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

John Alden License #02007413

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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

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

8,376 Sq Ft Lot

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

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

Closed on
Jul 26, 2022
Sold by
Walsh Carl H
Bought by

Purchase Details

Listed on
Jan 22, 2021
Closed on
Mar 4, 2021
Sold by
Walsh Carl H and Sullivan Michele
Bought by
1430 Cherry Avenue Llc
Seller's Agent
John Lindberg
Re/Max R. E. Specialists
Buyer's Agent
John Alden
John Alden
List Price
$2,295,000
Sold Price
$2,150,000
Premium/Discount to List
-$145,000
-6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,430,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2020
Sold by
Apricot 2017-3 Llc
Bought by
Walsh Carl H and Sullivan Michele

Purchase Details

Closed on
Dec 27, 2017
Sold by
Weste
Bought by
Apric

Purchase Details

Closed on
Jun 23, 2011
Sold by
East West Bank
Bought by
Western Mutual Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2011
Sold by
Resurreccion Eliseo Reyes and Resurreccion Delia Valdez
Bought by
East West Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,000
Interest Rate
4.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2010
Sold by
Alicante C J and The Countryside Land Trust
Bought by
Resurreccion Eliseo Reyes

Purchase Details

Closed on
Mar 17, 2008
Sold by
Resurreccion Eliseo Reyes and Resurreccion Delia Valdez
Bought by
Alicante C J and Countryside Land Trust

Purchase Details

Closed on
Aug 23, 2006
Sold by
Gjlr Properties Llc
Bought by
Resurreccion Eliseo Reyes and Resurreccion Delia Valdez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 13, 2005
Sold by
Liu Yu Tao and Liu Charlene
Bought by
Gjlr Properties Llc

Purchase Details

Closed on
Jan 4, 2005
Sold by
Gfc Properties
Bought by
Liu Yu Tao and Liu Charlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
5.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2003
Sold by
Cherry Avenue Long Beach Llc
Bought by
Gfc Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,200
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 26, 2002
Sold by
Moody J Richard and Johnson Stephen L
Bought by
Cherry Avenue Long Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 5, 1999
Sold by
Johnson Stephen L
Bought by
Moody J Richard and Johnson Stephen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1998
Sold by
Mayne John
Bought by
Johnson Stephen L

Purchase Details

Closed on
Apr 13, 1998
Sold by
Wise Investment Llc
Bought by
Mayne John

Purchase Details

Closed on
Apr 23, 1997
Sold by
Vivilacqua Joseph
Bought by
Low Austin

Purchase Details

Closed on
Mar 24, 1997
Sold by
Freeman Jack and Freeman Janet Kay
Bought by
Vivilacqua Joseph

Purchase Details

Closed on
Sep 8, 1995
Sold by
Sumitomo Bank Of California
Bought by
The Cpi Corp
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Listed On Document
1430 Cherry Avenue Llc $2,150,000 First American Title Company O
Walsh Carl H -- Usa National Title
Apric -- --
Western Mutual Group Inc $7,500,000 Ticor Title
East West Bank $828,000 Accommodation
Resurreccion Eliseo Reyes -- None Available
Renteria Marco A -- None Available
Alicante C J -- Accommodation
Resurreccion Eliseo Reyes $1,250,000 Commonwealth Land Title Co
Gjlr Properties Llc -- United Title Company La
Liu Yu Tao $1,075,000 United Title Company La
Gfc Properties $679,000 Fidelity National Title Co
Cherry Avenue Long Beach Llc $465,000 Commonwealth Title
Moody J Richard -- --
Johnson Stephen L $10,000 --
Mayne John $359,000 --
Low Austin -- --
Vivilacqua Joseph $95,000 --
The Cpi Corp -- Fidelity 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
Open $910,000
Previous Owner 1430 Cherry Avenue Llc $1,430,000
Previous Owner 1430 Cherry Avenue Llc $1,430,000
Previous Owner Western Mutual Group Inc $1,100,000
Previous Owner Western Mutual Group Inc $702,000
Previous Owner Western Mutual Group Inc $34,595
Previous Owner Western Mutual Group $253,000
Previous Owner Western Mutual $500,000
Previous Owner Western Mutual Group Inc $752,000
Previous Owner Resurreccion Eliseo Reyes $62,500
Previous Owner Resurreccion Eliseo Reyes $875,000
Previous Owner Liu Yu Tao $775,000
Previous Owner Gfc Properties $543,200
Previous Owner Cherry Avenue Long Beach Llc $345,000
Previous Owner Johnson Stephen L $5,000
Previous Owner Wise Investments Llc $37,500
Previous Owner Low Austin $30,000
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
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

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
2026 $32,105 $2,373,771 $772,855 $1,600,916
2025 $32,105 $2,327,227 $757,701 $1,569,526
2024 $30,712 $2,281,596 $742,845 $1,538,751
2023 $30,173 $2,236,860 $728,280 $1,508,580
2022 $28,334 $2,193,000 $714,000 $1,479,000
2021 $12,709 $887,699 $414,259 $473,440
2020 $12,676 $881,048 $410,012 $471,036
2019 $12,526 $863,822 $401,973 $461,849
2018 $12,118 $846,934 $394,092 $452,842
2016 $11,167 $811,693 $378,790 $432,903
2015 $10,750 $799,502 $373,101 $426,401
2014 $10,745 $783,842 $365,793 $418,049
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21014375

California Regional Multiple Listing Service (CRMLS)
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