NOT LISTED FOR SALE

1614 Cherry Ave Long Beach, CA 90813

Central Neighborhood
3 Beds
2 Baths
9,328 Sq Ft
8,499 Sq Ft Lot

Last Sold December 27, 2013

Last sale price $1,533,000 $164 Per Sq Ft

44 Days on Market

About This Home

As of December 2013

Garages * Laundry Room * Gated Entrance * New Roof in 2012 * Walking Distance to the brand-new Jessie E. Nelson School * Upgraded Units with Tile, Cabinets & Countertops

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 10/17/2013

Last Buyer's Agent

Jerry Scanlan

Pacific Coast Realty License #00461475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 8,499 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage

Home Design

  • 9,328 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / 6
  • Assessor Parcel Number 7261007024

Community Details

Overview

  • 16 Units

Building Details

  • 16 Leased Units
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,815
  • Maintenance Expense $11,176
  • Other Expense $1,200
  • Pest Control $600
  • Professional Management Expense $6,000
  • Trash Expense $5,760
  • Water Sewer Expense $5,760
  • New Taxes Expense $21,036
  • Gross Income $13,155
  • Net Operating Income $96,730

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

8

Listing Details

  • CapRate: 6.10
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Subdivision Name Other: Westside/South of Willow (WSW)
  • Water Sewer Expenses: 5760.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7261007024
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 164.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 600.00
  • Trash Expense: 5760.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8499.00
  • Lot Size Acres: 0.1950

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 13155.00
  • Gross Multiplier: 9.99
  • Gross Scheduled Income: 159660.00
  • Gross Spendable Income: 36567.00
  • Insurance Expense: 2815.00
  • Lot Size Area: 8499.0000 Square Feet
  • Maintenance Expense: 11176.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 96730.00
  • Number Of Rented Garages: 8
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 54947.00
  • Operating Expense Percent: 34.40
  • Other Expense: 1200.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 12305.00
  • Vacancy Allowance: 7983
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 21036.00
  • Tax Block: 6
  • Tax Lot: 16

Range of Values:

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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 Change Sq Ft Price
12/27/2013 12/27/13 Sold $1,533,000 -9.6% $164 / Sq Ft
11/20/2013 11/20/13 Pending -- -- --
10/07/2013 10/07/13 For Sale $1,695,000 -- $182 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Peter Gillin

    Morgan Skenderian

  • Jerry Scanlan

    Buyer's Agent in 2013

    Jerry Scanlan

    Pacific Coast Realty

    (562) 762-6351

    2 Total Sales

    Jerry Scanlan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13204281

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

1614 Cherry Ave, Long Beach, CA

This home is located at 1614 Cherry Ave, Long Beach, CA 90813 since 17 October 2013. This property was built in 1962. 1614 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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