NOT LISTED FOR SALE

6115 Cherry Ave Long Beach, CA 90805

Nehyam Neighborhood
6 Beds
6 Baths
3,272 Sq Ft
4,792 Sq Ft Lot

Last Sold January 05, 2023

Last sale price $1,230,000 $376 Per Sq Ft

20 Days on Market

About This Home

As of January 2023

6115 Cherry Ave is in the heart of the development “renaissance” happening in North Long Beach and is a short commute to employers in Downtown Long Beach and adjacent employment hubs such as the Los Angeles, South Bay and Orange County via the 91, 710 and 405 freeways.

Built in 1959, the subject property is comprised of six (6) one-bed/one-bath units. The property has received an exterior face lift including a newer roof and new paint. Gas and electricity are separately metered keeping landlord expenses to a minimum. There is a laundry room and six (6) uncovered parking spaces that can provide additional income to new investors.

Last Agent to Sell the Property

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. License #02060007 Listed on: 10/13/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Dow Chang

Haus Investments License #01904714

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,792 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Apartment

Interior Spaces

  • 3,272 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 7550
  • Assessor Parcel Number 7118013016

Community Details

Overview

  • 6 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $28,592
  • Gross Income $83,196
  • Net Operating Income $52,108

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBCCA
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7118013016
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 375.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4791.60
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 83196.00
  • Gross Operating Income: 80700.00
  • Gross Scheduled Income: 83196.00
  • Lot Size Area: 0.1100 Acres
  • Net Operating Income: 52108.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 28592.00
  • Rent Control: Yes
  • Total Expenses: 28592.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 5705.02
  • Tax Lot: 5
  • Tax Tract Number: 7550

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2023 01/05/23 Sold $1,230,000 0.0% $376 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $1,230,000 -- $376 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris van Vuuren

    Seller's Agent in 2023

    Chris van Vuuren

    Lyon Stahl Investment Real Estate, Inc.

    (714) 655-0098

    1 in this area

    21 Total Sales

    Chris van Vuuren
    Section Image
  • Dow Chang

    Buyer's Agent in 2023

    Dow Chang

    Haus Investments

    (310) 702-5501

    1 in this area

    23 Total Sales

    Dow Chang
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22221135

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 Nehyam

6115 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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