NOT LISTED FOR SALE

6539 Cherry Ave Unit 1 Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $1,177,000 - $1,503,637

9 Beds
5 Baths
4,171 Sq Ft
$319/Sq Ft Est. Value

Last Sold October 17, 2022

Last sale price $1,320,000 $316 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,499/month

22 Days on Market

About This Home

As of October 2022

Great for owner user! Prime well maintained 4-plex in a great location in Long Beach. Large units consisting of one 3/2 bath and three 2/1 bath units with garages. Rents below market. There is an opportunity to deliver a 2bd/1ba unit for an owner/user or to rent out at market. Must see to appreciate.

Last Agent to Sell the Property

Thomas Nguyen

Real Capital Inc License #01342497 Listed on: 08/09/2022

Last Buyer's Agent

Maria Sarmiento

Keller Williams Sierra Madre License #01837686

Keller Williams Sierra Madre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,649

Year Built

  • Built in 1964

Lot Details

  • 5,229 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,171 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 9103
  • Assessor Parcel Number 7114006048

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,649

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 356250
  • Property Attached: No
  • Zoning: LBCCA
  • Property Type: Residential Income
  • Parcel Number: 7114006048
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 316.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5229.00
  • Lot Size Acres: 0.1200

Multi Family

  • Gross Scheduled Income: 97128.00
  • Lot Size Area: 5229.0000 Square Feet
  • Net Operating Income: 9.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5705.02
  • Tax Lot: 51
  • Tax Tract Number: 9103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2018
Sold by
Bahena Jose G
Bought by
Nguyen Thong Huu
Current Estimated Value
$1,329,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2017
Sold by
Banena Jose G
Bought by
Bahena Jose G and Bahena Luz Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2015
Closed on
Oct 8, 2015
Sold by
Short Thomas Phillip
Bought by
Bahena Jose G and Bahena Luz T
Seller's Agent
Michael Torres
On The Move Realty
Buyer's Agent
Ruth Ramirez
Del Sol, REALTORS
List Price
$699,000
Sold Price
$715,000
Premium/Discount to List
$16,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%

Purchase Details

Closed on
Apr 22, 2014
Sold by
Short Thomas Phillip
Bought by
Short Thomas Phillip

Purchase Details

Closed on
Jun 8, 1998
Sold by
Sullivan Randall L
Bought by
Sullivan Randall Lee and The Randall Lee Sullivan Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Nguyen Thong Huu $840,000 Provident Title Company
Bahena Jose G -- North American Title Co Inc
Bahena Jose G $715,000 Chicago Title Company
Short Thomas Phillip -- None Available
Sullivan Randall Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Thong Huu $588,000
Previous Owner Bahena Jose G $516,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2022 10/17/22 Sold $1,320,000 -7.4% $316 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $1,425,000 +69.6% $342 / Sq Ft
05/16/2018 05/16/18 Sold $840,000 0.0% $201 / Sq Ft View Prior Sale
03/21/2018 03/21/18 Pending -- -- --
03/09/2018 03/09/18 Off Market $840,000 -- --
03/07/2018 03/07/18 For Sale $820,000 +14.7% $197 / Sq Ft
10/28/2015 10/28/15 Sold $715,000 +2.3% $171 / Sq Ft View Prior Sale
10/09/2015 10/09/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $699,000 -- $168 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $17,649 $1,373,328 $332,928 $1,040,400
2024 $17,649 $1,346,400 $326,400 $1,020,000
2023 $17,354 $1,320,000 $320,000 $1,000,000
2022 $11,613 $900,648 $321,660 $578,988
2021 $11,367 $882,989 $315,353 $567,636
2019 $11,205 $856,800 $306,000 $550,800
2018 $9,699 $743,886 $140,454 $603,432
2016 $8,909 $715,000 $135,000 $580,000
2015 $6,866 $560,988 $188,696 $372,292
2014 $2,471 $166,435 $34,192 $132,243
Source: Public Records

Agents Affiliated with this Home

  • Thomas Nguyen

    Seller's Agent in 2022

    Thomas Nguyen

    Real Capital Inc

    (714) 580-7322

    1 in this area

    11 Total Sales

    Thomas Nguyen
    Section Image
  • Maria Sarmiento

    Buyer's Agent in 2022

    Maria Sarmiento

    Keller Williams Sierra Madre

    (833) 832-6770

    1 in this area

    170 Total Sales

    Maria Sarmiento
    Section Image
  • Ruth Ramirez

    Seller's Agent in 2018

    Ruth Ramirez

    Del Sol, REALTORS

    (562) 427-4700

    20 Total Sales

    Ruth Ramirez
    Section Image
  • Michael Torres

    Seller's Agent in 2015

    Michael Torres

    On The Move Realty

    (562) 773-7099

    18 Total Sales

    Michael Torres
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22175692

California Regional Multiple Listing Service (CRMLS)

APN: 7114-006-048

California Los Angeles County Long Beach 90805 Nehyam

6539 Cherry Ave Unit 1, Long Beach, CA

This home is located at 6539 Cherry Ave Unit 1, Long Beach, CA 90805 since 09 August 2022 and is currently estimated at $1,329,659, approximately $318 per square foot. This property was built in 1964. 6539 Cherry Ave Unit 1 is a home located in Los Angeles County with nearby schools including Grant Elementary School, Hamilton Middle School, and Jordan High School.

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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