480 Cherry Ave Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated payment $7,954/month
Highlights
- 0.14 Acre Lot
- Wood Flooring
- No HOA
- Woodrow Wilson High School Rated A
- Main Floor Primary Bedroom
- Walk-In Closet
About This Home
Exclusive listing in Long Beach's 90802 area. This 3-unit triplex offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit with a patio and gazebo. The property includes parking for at least six vehicles and is located near 4th Street and Retro Row. Each unit is separately metered for utilities. The building is eligible for the Mills Act, offering property tax benefits.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 6,276 Sq Ft Lot
- 1 Common Wall
- Level Lot
Parking
- 4 Open Parking Spaces
- 2 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,642 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Track Lighting
- Living Room with Fireplace
Kitchen
- Built-In Range
- Laminate Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Accessible Parking
Utilities
- Central Heating
- Gas Water Heater
- Phone Available
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 7263003005
- $676,033 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Alamitos Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- Insurance Expense $2,500
- Trash Expense $30
- Water Sewer Expense $60
- Operating Expense $90
- Gross Income $75,000
- Net Operating Income $71,000
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,252 | $689,553 | $426,531 | $263,022 |
| 2024 | $9,252 | $676,033 | $418,168 | $257,865 |
| 2023 | $9,096 | $662,778 | $409,969 | $252,809 |
| 2022 | $8,553 | $649,783 | $401,931 | $247,852 |
| 2021 | $8,368 | $637,043 | $394,050 | $242,993 |
| 2020 | $8,345 | $630,512 | $390,010 | $240,502 |
| 2019 | $8,249 | $618,150 | $382,363 | $235,787 |
| 2018 | $7,942 | $606,030 | $374,866 | $231,164 |
| 2016 | $7,273 | $582,499 | $360,310 | $222,189 |
| 2015 | $6,986 | $573,750 | $354,898 | $218,852 |
| 2014 | $6,939 | $562,512 | $347,947 | $214,565 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/21/2025 09/21/25 | For Sale | $1,375,000 | -- | $378 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $485,000 | North American Title | |
| Grant Deed | $178,500 | Lawyers Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $388,000 | Purchase Money Mortgage | |
| Previous Owner | $142,800 | No Value Available | |
| Closed | $26,750 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25221483
APN: 7263-003-005
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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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