Seller's Agent in 2025
Aspen Labrador
Compass
(949) 463-9892
1 in this area
23 Total Sales
1715 Cherry Ave Long Beach, CA 90813
Central Neighborhood
7
Beds
6
Baths
3,426
Sq Ft
8,242
Sq Ft Lot
Highlights
- No Units Above
- Laundry Room
- 1-Story Property
- Long Beach Polytechnic High School Rated A
About This Home
As of May 20251715 Cherry Avenue is a 6-unit multifamily property located in the highly sought-after Long Beach Market of Los Angeles County. The property features a mix of unit configurations, including (1) 2-bedroom, 1-bath unit, and (5) 1-bedroom, 1-bath units. The property offers a fully stabilized investment opportunity with strong cash flow and immediate returns from day one. Residents benefit from the array of dining, shopping, and entertainment options along Cherry Avenue, as well as convenient access to major freeways and key job markets. Given the ongoing shortage of apartment housing and the rising cost of single-family homes in Southern California, Cherry Avenue offers long-term growth for savvy investors.
**ASSUMABLE LOAN AVAILABLE @ 3.42% through December of 2026, inquire for details**
Last Agent to Sell the Property
Compass Brokerage Phone: 949-463-9892 License #02146663 Listed on: 01/20/2025
Last Buyer's Agent
Compass Brokerage Phone: 949-463-9892 License #02146663 Listed on: 01/20/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 8,240 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,426 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 33
- Tax Tract Number 82
- Assessor Parcel Number 7261005008
- $1,201 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
- Circle Subdivision
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $20
- Fuel Expense $15
- Gardener Expense $95
- Insurance Expense $3,769
- Maintenance Expense $4,800
- Trash Expense $75
- Water Sewer Expense $100
- New Taxes Expense $20,146
- Operating Expense $35,987
- Gross Income $120,288
- Net Operating Income $85,501
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $1,320,000 | -7.4% | $385 / Sq Ft | |
| 03/20/2025 03/20/25 | Pending | -- | -- | -- | |
| 03/14/2025 03/14/25 | Price Changed | $1,425,000 | -6.6% | $416 / Sq Ft | |
| 01/20/2025 01/20/25 | For Sale | $1,525,000 | +25.5% | $445 / Sq Ft | |
| 07/26/2019 07/26/19 | Sold | $1,215,000 | -0.8% | $355 / Sq Ft | View Prior Sale |
| 01/16/2019 01/16/19 | For Sale | $1,225,000 | +87.0% | $358 / Sq Ft | |
| 12/06/2013 12/06/13 | Sold | $655,000 | -3.5% | $191 / Sq Ft | View Prior Sale |
| 10/02/2013 10/02/13 | Pending | -- | -- | -- | |
| 06/21/2013 06/21/13 | For Sale | $679,000 | -- | $198 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2025 | $18,902 | $1,452,087 | $807,257 | $644,830 |
| 2024 | $18,902 | $1,423,616 | $791,429 | $632,187 |
| 2023 | $18,580 | $1,395,703 | $775,911 | $619,792 |
| 2022 | $17,448 | $1,368,338 | $760,698 | $607,640 |
| 2021 | $15,559 | $1,212,432 | $707,252 | $505,180 |
| 2019 | $12,705 | $959,800 | $561,000 | $398,800 |
| 2018 | $12,276 | $941,000 | $550,000 | $391,000 |
| 2016 | $8,697 | $678,274 | $362,437 | $315,837 |
| 2015 | $8,359 | $668,086 | $356,993 | $311,093 |
| 2014 | $8,327 | $655,000 | $350,000 | $305,000 |
Source: Public Records
Agents Affiliated with this Home
-
Aspen Labrador
-
Kacey Taormina
Seller Co-Listing Agent in 2025
Kacey Taormina
Compass
(714) 323-3200
1 in this area
84 Total Sales
-
Jason Kirklen
Seller's Agent in 2019
Jason Kirklen
Kirklen Investment Group
(949) 942-1302
27 Total Sales
-
Bill Ruane
Buyer's Agent in 2019
Bill Ruane
RE/MAX
(310) 877-2374
426 Total Sales
-
Richard Bell
Seller's Agent in 2013
Richard Bell
Bell Realty Group
(714) 309-3549
21 Total Sales
-
Dalida Lim
D
Buyer's Agent in 2013
Dalida Lim
Starburst Realty
(562) 225-1975
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25011374
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.
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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