D
Seller's Agent in 2026
David Forsyth
First Team Real Estate
(949) 759-5747
1 in this area
1 Total Sale
480 Cherry Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
5
Beds
3
Baths
3,642
Sq Ft
6,277
Sq Ft Lot
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
As of March 2026Exclusive 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.
Last Agent to Sell the Property
First Team Real Estate Brokerage Phone: 949-375-2719 License #01192265 Listed on: 09/21/2025
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
- Tenant pays for gas, electricity
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 10, 2017
Sold by
Clement David R
Bought by
Clement David R and David R Clement 2017 Trust
Purchase Details
Closed on
May 26, 2003
Sold by
Calcetas John Randy
Bought by
Clement David R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 17, 1998
Sold by
Tosch Joyce
Bought by
Calcetas John Randy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
8.5%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
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 |
Source: Public Records
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: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | Sold | $1,300,000 | -5.5% | $357 / Sq Ft |
| 09/21/2025 09/21/25 | For Sale | $1,375,000 | -- | $378 / 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 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
David Forsyth
-
Jason Tolliver
J
Buyer's Agent in 2026
Jason Tolliver
Breeze Real Estate
(773) 661-9782
1 in this area
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25221483
APN: 7263-003-005
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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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