NOT LISTED FOR SALE

1825 Cherry Ave Long Beach, CA 90806

Sunrise Neighborhood
7 Beds
7 Baths
3,986 Sq Ft
5,838 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $1,250,000 $314 Per Sq Ft

112 Days on Market

About This Home

As of December 2020

Attractive location in progressive fast growing Long Beach. 5 Legal Units (but being used as 7 Units) 2 Structures - Front House has been divided into 3 Units. Rear structure consists of 2 Studios and 2-1 BR Units. Upside in Rents (Long time tenants are all paying during Covid-19) All Utilities are split and paid for by Tenants. Close proximity to busy PCH/Cherry intersection. Among recent upgrades is a Fire Sprinkler system. Attractive financing options with Assumable 1st owner willing to carry a significant amount.

Last Agent to Sell the Property

Eduardo Morales

Amberwood Real Estate, Inc. License #01110708 Listed on: 08/12/2020

Amberwood Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 5,838 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,986 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 21
  • Tax Tract Number 1319
  • Assessor Parcel Number 7216032024

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $630
  • Insurance Expense $3,927
  • Maintenance Expense $1,500
  • Water Sewer Expense $2,820
  • Operating Expense $29,102
  • Gross Income $84,439
  • Net Operating Income $55,337

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2820.00
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7216032024
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 313.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size Sq Ft: 5838.00
  • Lot Size Acres: 0.1340

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 2400.00
  • Fuel Expense: 630.00
  • Gross Income: 84439.00
  • Gross Multiplier: 15.40
  • Gross Scheduled Income: 84439.00
  • Insurance Expense: 3927.00
  • Lot Size Area: 5838.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 55337.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 29102.00
  • Rent Control: No
  • Total Expenses: 29102.00

Tax Info

  • Tax Census Tract: 5733.00
  • Tax Lot: 21
  • Tax Tract Number: 1319

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/30/2020 12/30/20 Sold $1,250,000 -3.8% $314 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $1,299,000 -- $326 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eduardo Morales

    Seller's Agent in 2020

    Eduardo Morales

    Amberwood Real Estate, Inc.

    (562) 843-4803

    1 in this area

    79 Total Sales

    Eduardo Morales
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20163575

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

1825 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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