Seller's Agent in 2018
Kevin King
Marcus & Millichap
(562) 257-1245
8 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
6,754
Sq Ft Lot
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
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 21, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
0.0382%
Mortgage Type
Commercial
Purchase Details
Listed on
Mar 27, 2018
Closed on
Jun 12, 2018
Sold by
Bought by
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,800,000
Sold Price
$1,775,000
Premium/Discount to List
-$25,000
-1.39%
Purchase Details
Closed on
Mar 27, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.044%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 18, 2016
Sold by
Bought by
Purchase Details
Closed on
Aug 8, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
0.0627%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 19, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
0.0663%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 14, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,750
Interest Rate
0.0663%
Mortgage Type
Commercial
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,050,000 | Ticor Title Company | ||
| -- | Fidelity National Title Com | ||
| $1,775,000 | Fidelity National Title Comp | ||
| -- | None Available | ||
| -- | North American Title Company | ||
| -- | North American Title Co | ||
| -- | North American Title Co | ||
| $152,500 | North American Title Co | ||
| $565,000 | North American Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,950,000 | ||
| Previous Owner | $1,470,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $761,000 | ||
| Previous Owner | $700,000 | ||
| Previous Owner | $43,000 | ||
| Previous Owner | $423,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $44,104 | $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
-
G
Buyer's Agent in 2018
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18069440
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
Nearby Homes
- 1825 E 3rd St Unit 4
- 1785 E 3rd St
- 2027 E Appleton St Unit 1
- 2060 E 3rd St Unit 3
- 1808 E Appleton St Unit 7
- 333 Junipero Ave Unit 1C
- 2075 E Appleton St Unit 17
- 2135 E Florida St Unit 7
- 2067 E Broadway
- 1738 E 4th St Unit 15
- 1738 E 4th St
- 2075 E Broadway
- 1827 E 4th St
- 231 Junipero Ave Unit 12
- 231 Junipero Ave Unit 1
- 1820 2nd St
- 1758 E 2nd St Unit 204
- 2101 E 2nd St Unit 305
- 1525 E Appleton St Unit 201
- 1530 E Appleton St
- 311 Cherry Ave
- 311 Cherry Ave Unit 2
- 311 Cherry Ave Unit 8
- 311 Cherry Ave Unit 7
- 311 Cherry Ave Unit 6
- 311 Cherry Ave Unit 5
- 311 Cherry Ave Unit 4
- 311 Cherry Ave Unit 3
- 311 Cherry Ave Unit 211
- 311 Cherry Ave Unit 1
- 307 Cherry Ave Unit 8
- 307 Cherry Ave Unit 7
- 307 Cherry Ave Unit 5
- 307 Cherry Ave Unit 4
- 307 Cherry Ave Unit 3
- 307 Cherry Ave Unit 2
- 307 Cherry Ave Unit 1
- 319 Cherry Ave
- 1927 E 3rd St
- 1909 E 3rd St
Your Personal Tour Guide
Ask me questions while you tour the home.