NOT LISTED FOR SALE

534 Cherry Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood

Estimated Value: $1,248,000 - $1,575,000

6 Beds
4 Baths
3,656 Sq Ft
$381/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2020

Last sale price $1,100,000 $301 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $8,861 / mo

5 Days on Market

Highlights

  • 0.14 Acre Lot
  • Dual Staircase
  • Traditional Architecture
  • Woodrow Wilson High School Rated A
  • Property is near park and public transit
  • Wood Flooring

About This Home

As of January 2020

We are pleased to present 534 Cherry located in the Rose Park South Historic District. 4 large Large units 900 square feet each, nicely upgraded. Each unit comes with their own interior laundry hookups and garage. Major systems have been upgraded, plumbing, electrical and garage roof. Upstairs units are used as two bedrooms and downstairs are one bedroom. Great Walkscore 93 - one block north from Retro Row with independent merchants, coffee shops and eateries. Proforma rents are reflected as 2-3 of the units can be delivered vacant at close of escrow.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 12/27/2019

Last Buyer's Agent

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 12/27/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,251 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Rectangular Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Flat Roof Shape
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,656 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Decorative Fireplace
  • Gas Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Accessibility Features

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Property is near park and public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / F
  • Tax Tract Number 5768
  • Assessor Parcel Number 7262025012

Community Details

Overview

  • 4 Units

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Maintenance Expense $3,000
  • Professional Management Expense $1,246
  • Water Sewer Expense $3,600
  • New Taxes Expense $13,438
  • Operating Expense $25,884
  • Gross Income $86,280
  • Net Operating Income $60,396

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

6,251 Sq Ft Lot

Parking

4

Listing Details

  • Inclusions: Refrigerator, stove
  • Professional Management Expense: 1246.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Rose Park South
  • View: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7262025012
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony, Built-in Features, Ceiling Fan(s), Crown Molding
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Disability Features
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 300.88

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Fence: No
  • Pool Private: No
  • Roof: Composition, Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Paved, Garage, Off Street
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size: 125 x 50 ft.
  • Lot Size Sq Ft: 6251.00
  • Lot Size Acres: 0.1435

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 900 Square Feet
  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 600.00
  • Gross Income: 86280.00
  • Gross Scheduled Income: 86280.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6251.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 60396.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 25884.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Actual Rent: 7190.00
  • Total Expenses: 25884.00

Tax Info

  • New Taxes Expense: 13438.00
  • Tax Area: 5500
  • Tax Block: F
  • Tax Census Tract: 5768.01
  • Tax Lot: 4
  • Tax Tract Number: 5768.1

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

Listed on
Dec 27, 2019
Closed on
Jan 7, 2020
Sold by
Bought by
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$1,075,000
Sold Price
$1,100,000
Premium/Discount to List
$25,000
2.33%
Current Estimated Value
$1,391,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,826
Avg. Annual Appreciation
3.75%

Purchase Details

Closed on
Aug 22, 2014
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
$595,462
Interest Rate
4.11%
Mortgage Type
VA

Purchase Details

Closed on
Feb 7, 2014
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
$586,341
Interest Rate
3.75%
Mortgage Type
VA

Purchase Details

Closed on
Jan 22, 2014
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
$586,341
Interest Rate
3.75%
Mortgage Type
VA

Purchase Details

Closed on
Sep 7, 2005
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
$600,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 13, 2005
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
$600,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 4, 2004
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
$596,000
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 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
$332,777
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 1998
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
$239,367
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 1998
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
$239,367
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 18, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$1,100,000 Old Republic Title
-- Pacific Coast Title Company
-- Pacific Coast Title Company
-- Orange Coast Title
-- Orange Coast Title
-- --
$975,000 Fidelity National Title Co
$745,000 Lawyers Title
$338,000 Commonwealth Land Title Co
$120,500 Commonwealth Land Title Co
$120,500 Commonwealth Land Title Co
-- Fidelity National Title Ins
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 $595,462
Previous Owner $586,341
Previous Owner $600,000
Previous Owner $596,000
Previous Owner $332,777
Previous Owner $239,367
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
01/31/2020 01/31/20 Sold $1,100,000 +2.3% $301 / Sq Ft
01/29/2020 01/29/20 Price Changed $1,075,000 0.0% $294 / Sq Ft
01/01/2020 01/01/20 Pending -- -- --
12/27/2019 12/27/19 For Sale $1,075,000 -- $294 / 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 $16,299 $1,203,006 $656,186 $546,820
2024 $15,584 $1,179,419 $643,320 $536,099
2023 $15,323 $1,156,294 $630,706 $525,588
2022 $14,390 $1,133,623 $618,340 $515,283
2021 $14,098 $1,111,396 $606,216 $505,180
2020 $13,977 $1,100,560 $701,600 $398,960
2019 $14,074 $1,100,560 $701,600 $398,960
2018 $12,209 $960,560 $612,300 $348,260
2016 $9,804 $800,000 $510,200 $289,800
2015 $8,874 $740,000 $471,900 $268,100
2014 $8,225 $680,000 $433,600 $246,400
Source: Public Records

Agents Affiliated with this Home

  • Juan Huizar

    Seller's Agent in 2020

    Juan Huizar

    Sage Real Estate Group, Inc.

    (562) 307-0838

    2 in this area

    102 Total Sales

    Juan Huizar
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19284825

California Regional Multiple Listing Service (CRMLS)

APN: 7262-025-012

California Los Angeles County Long Beach 90802 North Alamitos Beach

534 Cherry Ave, Long Beach, CA

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.

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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