Seller's Agent in 2017
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
16 in this area
74 Total Sales
546 Cherry Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
3
Beds
3
Baths
7,360
Sq Ft
1963
Built
Highlights
- 8,126 Sq Ft lot
- Fireplace in Kitchen
- Level Lot
- Woodrow Wilson High School Rated A
- Laundry Room
About This Home
As of April 2017546 Cherry Avenue is a twelve unit apartment community located in the Retro Row submarket of Downtown Long Beach and offers investors the opportunity to acquire a turn-key property in a strong, non-rent controlled market. The property was originally constructed in 1963 and features two (Studio), seven (1 Bedroom) and 3 (2 Bedroom) units, encompassing a gross area of 8,126 square feet. The building features controlled-access entry, on-site laundry and attached covered parking.
The Subject Property is located at 546 Cherry Avenue in the Retro Row neighborhood of Long Beach. The property is situated less than a mile from the ocean and just 3 blocks from the shops and restaurants of Retro Row along East 4th Street.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 02/01/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 8,126 Sq Ft Lot
- 1 Common Wall
- Level Lot
Parking
- 6 Car Garage
- Parking Available
- Front Facing Garage
- Assigned Parking
Home Design
- Property Attached
Interior Spaces
- 7,360 Sq Ft Home
- Living Room with Fireplace
- Dining Room with Fireplace
- Fireplace in Kitchen
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 5768
- Assessor Parcel Number 7262025010
Community Details
Building Details
- Electric Expense $8,325
- Gardener Expense $1,345
- Insurance Expense $3,200
- Maintenance Expense $4,450
- Other Expense $1,700
- Pest Control $720
- Professional Management Expense $11,033
- Supplies Expense $4,500
- New Taxes Expense $39,797
- Operating Expense $75,819
- Gross Income $220,650
- Net Operating Income $144,831
Additional Features
- 12 Units
- Laundry Facilities
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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 |
|---|---|---|---|---|
| 04/06/2017 04/06/17 | Sold | $3,300,000 | 0.0% | $448 / Sq Ft |
| 02/22/2017 02/22/17 | Pending | -- | -- | -- |
| 02/01/2017 02/01/17 | For Sale | $3,300,000 | -- | $448 / 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 | $50,999 | $3,829,929 | $1,740,877 | $2,089,052 |
| 2024 | $48,802 | $3,754,834 | $1,706,743 | $2,048,091 |
| 2023 | $47,974 | $3,681,211 | $1,673,278 | $2,007,933 |
| 2022 | $45,011 | $3,609,031 | $1,640,469 | $1,968,562 |
| 2021 | $44,119 | $3,538,266 | $1,608,303 | $1,929,963 |
| 2020 | $44,006 | $3,503,926 | $1,591,812 | $1,912,114 |
| 2019 | $43,487 | $3,435,260 | $1,560,600 | $1,874,660 |
| 2018 | $42,430 | $3,367,940 | $1,530,000 | $1,837,940 |
| 2016 | $22,742 | $1,825,000 | $1,100,000 | $725,000 |
| 2015 | $17,143 | $1,380,000 | $652,000 | $728,000 |
| 2014 | $16,467 | $1,300,000 | $614,200 | $685,800 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Steven Rime
Buyer's Agent in 2017
Steven Rime
Keller Williams Realty
(310) 779-3638
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17021726
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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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