NOT LISTED FOR SALE

6551 Cherry Ave Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $1,022,000 - $1,157,510

6 Beds
6 Baths
3,196 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $1,061,200 $332 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,078/month

21 Days on Market

About This Home

As of July 2022

We pleased to present an opportunity to acquire a 3,194 Sq Ft 4-unit building situated on a 5,525 Sq Ft lot located in the city of Long Beach, CA. The subject property is located at 6551 Cherry Avenue. The property is composed of (2) 2 Bedroom / 1.5 Bath units & (2) 1 Bedroom / 1 Bath units built in 1946.This property has 2 buildings. The front building is 1 story and contains both 1+1 units, and the back building is 2 stories containing both 2+1.5 units. 3 out of 4 of the units have laundry hookups. There is 1 single car garage rented out by one of the tenants. There are 2 parking spots available in the driveway, alongside 2 parking spaces in the back. The property also contains ample street parking. **(1) 2 BD + 1.5 BA is now vacant, Please see the attached updated OM**

Last Agent to Sell the Property

John 'Jack' McCann

Lyon Stahl Investment Real Estate, Inc. License #01963932 Listed on: 05/31/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Kurt Hertzog

Lyon Stahl Investment Real Estate, Inc. License #02011145

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,525

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage
  • Shared Driveway

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,196 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Shed
  • 5,525 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7114-006-035

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

5,525 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 3196
  • Lot Acreage: 0.1268
  • Stories: 2
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Equipment: Washer, Dryer, Dishwasher, Garbage Disposal, Microwave, Refrigerator, Range/Oven
  • Price Per S Q F T: 326.97

Exterior Features

  • Other Structures: Shed(s)

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 4
  • Garage Structures: 1
  • Parking Garage: Garage - 1 Car, Shared Driveway
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 66.11
  • Assessed Improvement Value: 146356
  • Assessed Land Percent: 33.89
  • Assessed Land Value: 75039
  • Total Assessed Value: 221395
  • Assessor Parcel Number: 7114-006-035
  • Lot Size Area: 5525

Rental Info

  • Garage Rental Rate: 150

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.16
  • Number Of Units: 4
  • Type Of Units: 2+1.5, 1+1
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 22, 2022
Sold by
Andrew Treger
Bought by
Altpim Llc
Seller's Agent
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Kurt Hertzog
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,045,000
Sold Price
$1,061,200
Premium/Discount to List
$16,200
1.55%
Current Estimated Value
$1,109,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,178
Avg. Annual Appreciation
1.23%

Purchase Details

Listed on
May 31, 2022
Closed on
Jun 23, 2022
Sold by
Margis Anne T
Bought by
Titger Andrew
Seller's Agent
John 'Jack' McCann
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Kurt Hertzog
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,045,000
Sold Price
$1,061,200
Premium/Discount to List
$16,200
1.55%

Purchase Details

Closed on
Jul 13, 2016
Sold by
Margis Anne T
Bought by
Margis Anne T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2003
Sold by
Nzyengui Yves C
Bought by
Margis Anne T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Altpim Llc -- Accommodation/Courtesy Recordi
Titger Andrew $1,061,500 Fidelity National Builders Ser
Margis Anne T -- Chicago Title Company
Margis Anne T -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Margis Anne T $200,000
Previous Owner Margis Anne T $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $1,061,200 +1.6% $332 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $1,045,000 -- $327 / Sq Ft
Source: The MLS

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 $14,297 $1,104,072 $312,120 $791,952
2024 $14,297 $1,082,424 $306,000 $776,424
2023 $14,055 $1,061,200 $300,000 $761,200
2022 $3,511 $225,822 $76,539 $149,283
2021 $3,417 $221,395 $75,039 $146,356
2019 $3,368 $214,830 $72,814 $142,016
2018 $3,207 $210,619 $71,387 $139,232
2016 $2,943 $202,442 $68,616 $133,826
2015 $2,838 $199,402 $67,586 $131,816
2014 $2,842 $195,497 $66,263 $129,234
Source: Public Records

Agents Affiliated with this Home

  • John 'Jack' McCann

    Seller's Agent in 2022

    John 'Jack' McCann

    Lyon Stahl Investment Real Estate, Inc.

    (310) 408-0121

    1 in this area

    37 Total Sales

    John 'Jack' McCann
    Section Image

  • K

    Buyer's Agent in 2022

    Kurt Hertzog

    Lyon Stahl Investment Real Estate, Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 22-161315

The MLS

APN: 7114-006-035

California Los Angeles County Long Beach 90805 Nehyam

6551 Cherry Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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