1712 Cherry Ave Long Beach, CA 90813
Central Neighborhood
10
Beds
7
Baths
4,122
Sq Ft
5,995
Sq Ft Lot
Highlights
- Main Floor Bedroom
- No HOA
- Cooling System Mounted To A Wall/Window
- Woodrow Wilson High School Rated A
- Walk-In Closet
- Living Room
About This Home
As of June 2025CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. Rent totals include income generated from laundry room. Less than a 10-minute drive to the shoreline, this property offers convenience, great rental income, and modern living. All units are currently occupied and generating strong rental income at market rates, making it an ideal investment with immediate cash flow potential. The property has been well cared for, with all units in excellent condition. The detached 3 bed, 2 bath unit comes with its own private yard, perfect for added privacy and outdoor enjoyment. Tenants will also appreciate the ample parking, with a total of 6 parking spaces available. The lot also has additional space to put storage units which can be rented out to tenants for additional monthly income. Whether you're looking to expand your investment portfolio or secure a high-demand rental property in a desirable location, this multi-unit gem checks all the boxes. Don't miss out on this rare opportunity!
Last Agent to Sell the Property
Luxury Collective Brokerage Phone: 626-590-2845 License #02137192 Listed on: 05/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,673
Year Built
- Built in 1964 | Remodeled
Lot Details
- 5,995 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Rectangular Lot
Home Design
- Apartment
- Additions or Alterations
- Cosmetic Repairs Needed
- Raised Foundation
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 4,122 Sq Ft Home
- 2-Story Property
- Living Room
- Laundry Room
Kitchen
- Gas Cooktop
- Dishwasher
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- 7 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Termite Clearance
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Private Parking
- Paved Parking
- Parking Lot
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Natural Gas Connected
- Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, sewer, telephone, trash collection
- Legal Lot and Block 23 / 3
- Tax Tract Number 575
- Assessor Parcel Number 7261006024
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $888
- Fuel Expense $1,050
- Insurance Expense $3,206
- Water Sewer Expense $1,970
- New Taxes Expense $19,987
- Operating Expense $27,514
- Gross Income $2,400
- Net Operating Income $106,286
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2025
Closed on
Jun 11, 2025
Sold by
Andranikyan Arthur Arman and Minasyan Narine
Bought by
Yacoub Joseph and Azer Lilian
Seller's Agent
George Jabakchurian
Luxury Collective
Buyer's Agent
Trudy Kalucea
Keller Williams Coastal Prop.
List Price
$1,599,000
Sold Price
$1,575,000
Premium/Discount to List
-$24,000
-1.5%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
167.76%
Original Mortgage
$1,181,250
Outstanding Balance
$1,181,250
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$522,869
Purchase Details
Listed on
Jul 11, 2022
Closed on
Jul 27, 2022
Sold by
Vivien Vanderlee
Bought by
Andranikyan Arthur Arman and Minasyan Narine
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,450,000
Sold Price
$1,550,000
Premium/Discount to List
$100,000
6.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.58%
Original Mortgage
$1,240,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 8, 2014
Sold by
Vanderlee Vivien
Bought by
Vanderlee Vivien
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,575,000 | Lawyers Title Company | |
| Grant Deed | $1,550,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,181,250 | New Conventional | |
| Previous Owner | $1,240,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $1,575,000 | -1.5% | $382 / Sq Ft |
| 05/03/2025 05/03/25 | For Sale | $1,599,000 | +3.2% | $388 / Sq Ft |
| 09/09/2022 09/09/22 | Sold | $1,550,000 | +6.9% | $391 / Sq Ft |
| 08/11/2022 08/11/22 | Pending | -- | -- | -- |
| 07/11/2022 07/11/22 | For Sale | $1,450,000 | -- | $365 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $20,673 | $1,581,000 | $1,020,000 | $561,000 |
| 2023 | $20,324 | $1,550,000 | $1,000,000 | $550,000 |
| 2022 | $2,074 | $90,690 | $24,920 | $65,770 |
| 2021 | $1,998 | $88,913 | $24,432 | $64,481 |
| 2020 | $1,991 | $88,002 | $24,182 | $63,820 |
| 2019 | $1,970 | $86,277 | $23,708 | $62,569 |
| 2018 | $1,846 | $84,587 | $23,244 | $61,343 |
| 2016 | $1,687 | $81,305 | $22,343 | $58,962 |
| 2015 | $1,639 | $80,085 | $22,008 | $58,077 |
| 2014 | $1,667 | $78,517 | $21,577 | $56,940 |
Source: Public Records
Agents Affiliated with this Home
-
George Jabakchurian
G
Seller's Agent in 2025
George Jabakchurian
Luxury Collective
(626) 590-2845
1 in this area
16 Total Sales
-
Trudy Kalucea
Buyer's Agent in 2025
Trudy Kalucea
Keller Williams Coastal Prop.
(562) 999-6035
1 in this area
13 Total Sales
-
Kevin King
Seller's Agent in 2022
Kevin King
Marcus & Millichap
(562) 257-1245
2 in this area
45 Total Sales
-
Ryan Gonzalez
R
Seller Co-Listing Agent in 2022
Ryan Gonzalez
Lyon Stahl Investment Real Est
(562) 879-3206
1 in this area
20 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2022
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,729 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25098606
APN: 7261-006-024
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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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