Seller's Agent in 2018
Kevin King
Marcus & Millichap
(562) 257-1245
7 in this area
39 Total Sales
315 Cherry Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
6
Beds
7
Baths
6,392
Sq Ft
1923
Built
About This Home
As of June 2018We are pleased to present an 8-unit apartment building located at 315 Cherry Avenue in Long Beach, California. The property was built in 1923 with
beautiful Spanish architecture. It consists of 6,392 rentable square feet spread throughout a 6,754 square foot lot. There are two studio units and (6) 1-bedroom / 1-bathroom units. Some of the 1 bedroom units have washer dryer hookups as well. The property is separately metered for gas and electricity.There are 4 garages and 4 parking spaces for tenant convenience and potential owner extra income.
The subject property is located in Alamitos Beach where there are an array of new developments coming in the next few years. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living just three blocks from the ocean and walking distance to Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 03/27/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,754 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 6,392 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 14
- Tax Tract Number 57603
- Assessor Parcel Number 7275018033
Community Details
Overview
- 8 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $582
- Fuel Expense $582
- Gardener Expense $600
- Insurance Expense $3,344
- Maintenance Expense $5,200
- Other Expense $2,000
- Professional Management Expense $7,680
- Trash Expense $582
- Water Sewer Expense $582
- New Taxes Expense $20,250
- Operating Expense $41,404
- Gross Income $108,368
- Net Operating Income $66,964
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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 |
|---|---|---|---|---|
| 06/01/2018 06/01/18 | Sold | $1,775,000 | -1.4% | $278 / Sq Ft |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- |
| 03/27/2018 03/27/18 | For Sale | $1,800,000 | -- | $282 / 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 | $42,185 | $3,335,618 | $1,695,150 | $1,640,468 |
| 2024 | $42,185 | $3,270,214 | $1,661,912 | $1,608,302 |
| 2023 | $41,477 | $3,206,093 | $1,629,326 | $1,576,767 |
| 2022 | $38,911 | $3,143,229 | $1,597,379 | $1,545,850 |
| 2021 | $38,147 | $3,081,598 | $1,566,058 | $1,515,540 |
| 2019 | $23,327 | $1,810,500 | $1,224,000 | $586,500 |
| 2018 | $10,138 | $733,554 | $383,005 | $350,549 |
| 2016 | $9,310 | $705,072 | $368,134 | $336,938 |
| 2015 | $8,956 | $694,482 | $362,605 | $331,877 |
| 2014 | $8,931 | $680,879 | $355,503 | $325,376 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2018
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
6,286 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18069440
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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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