NOT LISTED FOR SALE

1610 Cherry Ave Long Beach, CA 90813

Central Neighborhood
3 Beds
3 Baths
9,028 Sq Ft
8,505 Sq Ft Lot

Last Sold February 25, 2013

Last sale price $1,440,000 $160 Per Sq Ft

37 Days on Market

About This Home

As of February 2013

Subject Property consists of (4) 1BR/1BA & (8) 2BR/2BA units, (16) covered parking spaces & (3) single car garages. Upgraded interiors, ceiling fans, dishwashers, balconies.

Last Agent to Sell the Property

Alan Acree

Morgan Skenderian License #01366012 Listed on: 08/24/2012

Last Buyer's Agent

Alan Acree

Morgan Skenderian License #01366012 Listed on: 08/24/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 8,505

Parking

  • 1 Car Garage
  • 16 Carport Spaces

Home Design

  • 9,028 Sq Ft Home
  • Frame Construction
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 8,505 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7261007025

Community Details

Overview

  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $3,611
  • Maintenance Expense $7,200
  • Other Expense $1,000
  • Pest Control $500
  • Professional Management Expense $3,600
  • Trash Expense $3,900
  • Water Sewer Expense $3,900
  • New Taxes Expense $19,117
  • Gross Income $12,205
  • Net Operating Income $95,529

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.12
  • Professional Management Expense: 3600.00
  • View: No
  • Water Sewer Expenses: 3900.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7261007025
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 159.50

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Carport Spaces: 16.00
  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 19.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 500.00
  • Trash Expense: 3900.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8505.00
  • Lot Size Acres: 0.1950

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 12205.00
  • Gross Multiplier: 10.65
  • Gross Scheduled Income: 146460.00
  • Insurance Expense: 3611.00
  • Lot Size Area: 8505.0000 Square Feet
  • Maintenance Expense: 7200.00
  • Net Operating Income: 95529.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 43608.00
  • Operating Expense Percent: 30.00
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 19117.00

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2013 02/25/13 Sold $1,440,000 -7.7% $160 / Sq Ft
09/30/2012 09/30/12 Pending -- -- --
08/24/2012 08/24/12 For Sale $1,560,000 -- $173 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Alan Acree

    Morgan Skenderian

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P832902

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

1610 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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