NOT LISTED FOR SALE

1539 Cherry Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $881,000 - $1,096,584

5 Beds
5 Baths
2,616 Sq Ft
$390/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2017

Last sale price $659,000 $252 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,439 / mo

39 Days on Market

Highlights

  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Level Lot

About This Home

As of May 2017

Excellent Investment Property! Minutes from Downtown Long Beach.
Live in one and rent out the 3 units to generate additional income for the mortgage payments
4 units- one-3 bed/2 bath + one studio house + Duplex w/1 bed/1 bath each + 4 car Garage!
copper plumbing, newer windows. Wonderful investment opportunity.

Last Agent to Sell the Property

Judith Fradkin

Compass Realty Group License #01889067 Listed on: 03/04/2017

Compass Realty Group

Last Buyer's Agent

Shawn Mohler

The Mohler Real Estate Group License #01910887

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,248 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 2,616 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 7261008019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $3,995
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

6,248 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBCNR
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7261008019
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 251.91

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6248.00

Rental Info

  • Garage Rental Rate: 80.00

Multi Family

  • Garage Income: 80.00
  • Gross Income: 3995.00
  • Gross Scheduled Income: 52200.00
  • Net Operating Income: 50000.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Actual Rent: 3995.00

Tax Info

  • Tax Census Tract: 5752.02
  • Tax Lot: 14

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
Aug 24, 2022
Sold by
Bought by
Current Estimated Value
$1,020,646

Purchase Details

Listed on
Mar 4, 2017
Closed on
May 19, 2017
Sold by
Bought by
Seller's Agent
Judith Fradkin
Compass Realty Group
Buyer's Agent
Shawn Mohler
The Mohler Real Estate Group
List Price
$659,000
Sold Price
$659,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%
Original Mortgage
$494,250
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 2006
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
$542,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 3, 2005
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
$556,500
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 10, 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
$100,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- Weinstock Manion
-- Weinstock Manion
$659,000 Usa National Title Co Inc
-- None Available
$750,000 Ticor Title Fullerton
$590,000 Lawyers Title
-- --
$110,000 Landsafe 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 $494,250
Previous Owner $542,000
Previous Owner $556,500
Previous Owner $100,000
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
05/24/2017 05/24/17 Sold $659,000 0.0% $252 / Sq Ft
04/12/2017 04/12/17 Pending -- -- --
03/04/2017 03/04/17 For Sale $659,000 -- $252 / 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 $10,723 $764,818 $406,201 $358,617
2024 $10,253 $749,823 $398,237 $351,586
2023 $10,073 $735,122 $390,429 $344,693
2022 $9,466 $720,709 $382,774 $337,935
2021 $9,265 $706,578 $375,269 $331,309
2020 $9,242 $699,334 $371,422 $327,912
2019 $9,133 $685,623 $364,140 $321,483
2018 $9,513 $672,180 $357,000 $315,180
2016 $7,620 $600,000 $280,600 $319,400
2015 $6,861 $550,000 $257,200 $292,800
2014 $6,949 $550,000 $257,200 $292,800
Source: Public Records

Agents Affiliated with this Home

  • Judith Fradkin

    Seller's Agent in 2017

    Judith Fradkin

    Compass Realty Group

    (310) 612-2031

    17 Total Sales

    Judith Fradkin
    Section Image
  • Shawn Mohler

    Buyer's Agent in 2017

    Shawn Mohler

    The Mohler Real Estate Group

    (562) 505-7953

    14 Total Sales

    Shawn Mohler
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17036363

California Regional Multiple Listing Service (CRMLS)

APN: 7261-008-019

California Los Angeles County Long Beach 90804 Central

1539 Cherry Ave, Long Beach, CA

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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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