1712 Cherry Ave Long Beach, CA 90813
Central Neighborhood
8
Beds
6
Baths
3,968
Sq Ft
5,995
Sq Ft Lot
About This Home
As of June 2025We are pleased to present a 4-unit apartment building located in Long Beach, CA. Built in 1964, the subject property consists of 3,968 rentable square-feet, spread throughout a 5,995 square foot lot. Most units have been recently updated, consisting of two 2-Bedroom/ 1-Bathroom units, one 3-Bedroom/ 3-Bathroom unit and one 3-Bedroom/ 2-Bathroom house to the back of the property. Owners can enjoy this high-demand rental location known for blue-collar workers, resulting in consistent low vacancy-rates and increasing rents. Tenants appreciate living close to 405-Freeway, public transportation, great schools, dining and much more.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset with high-demand rental market in a great neighborhood of Long Beach.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 07/11/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,673
Year Built
- Built in 1964
Lot Details
- 5,995 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 3,968 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 23 / 3
- Tax Tract Number 575101
- Assessor Parcel Number 7261006024
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $750
- Fuel Expense $750
- Insurance Expense $1,500
- Maintenance Expense $3,200
- Professional Management Expense $4,880
- Trash Expense $750
- Water Sewer Expense $750
- Security Expense $750
- New Taxes Expense $18,125
- Operating Expense $33,255
- Gross Income $99,522
- Net Operating Income $66,267
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
5,732 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22151491
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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