Seller's Agent in 2025
Chuck Chavez
Century 21 Allstars
(562) 716-6698
1 in this area
38 Total Sales
6759 Cherry Ave Long Beach, CA 90805
Hamilton Neighborhood
4
Beds
7
Baths
2,930
Sq Ft
4,294
Sq Ft Lot
About This Home
As of May 2025SELLER FINANCING AVAILABLE! Built in 1958, the property is zoned LBCCA, boasts recent enhancements to maximize tenant appreciation and long-term value.Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increasedcash flow. Currently, no units are vacant, providing the opportunity to upgrade and secure marketrents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offeringa mix of Studio and 1 bedroom layouts, appealing to a range of tenants. These commercial units are centrally located in LongBeach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quickconnections to LAX, downtown LA, and other Key metropolitan areas.
Last Agent to Sell the Property
Century 21 Allstars Brokerage Email: Chuck@chuckchavez.com License #01367620 Listed on: 01/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,511
Year Built
- Built in 1958
Lot Details
- 4,294 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,930 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 6607
- Assessor Parcel Number 7116007034
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 7 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 7 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $6,300
- Insurance Expense $4,020
- Trash Expense $1
- Water Sewer Expense $1
- Operating Expense $28,573
- Gross Income $6,000
- Net Operating Income $83,687
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 7, 2025
Closed on
Apr 29, 2025
Sold by
Chenpo Lin Living Trust and Lin Chenpo
Bought by
Chacon Melchor
Seller's Agent
Chuck Chavez
Century 21 Allstars
Buyer's Agent
Ramon Cardenas
Century 21 Allstars
List Price
$1,325,000
Sold Price
$1,250,000
Premium/Discount to List
-$75,000
-5.66%
Views
48
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,769
Avg. Annual Appreciation
-2.82%
Original Mortgage
$1,055,000
Outstanding Balance
$1,052,206
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Estimated Equity
$185,344
Purchase Details
Listed on
Jan 14, 2012
Closed on
Feb 14, 2012
Sold by
Zatarain Ricardo and Zatarain Blanca I
Bought by
Lin Chenpo and The Chenpo Lin Living Trust
Seller's Agent
Ronald bustamante
Ronald G. Bustamante Jr.
Buyer's Agent
Chuck Chavez
Century 21 Allstars
List Price
$550,000
Sold Price
$543,000
Premium/Discount to List
-$7,000
-1.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$407,250
Interest Rate
3.92%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2006
Sold by
Macleod Robert Charles and Macleod Nancy Marie
Bought by
Zatarain Ricardo and Zatarain Blanca I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,175
Interest Rate
6.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 24, 2006
Sold by
Macleod Robert Charles and Macleod Nancy Marie
Bought by
Macleod Robert Charles and Macleod Nancy Marie
Purchase Details
Closed on
Jan 24, 2005
Sold by
Macleod Robert Charles and Macleod Nancy Marie
Bought by
Macleod Robert Charles and Macleod Nancy Marie
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,205,000 | Monarch Title | |
| Grant Deed | $543,000 | Lawyers Title | |
| Grant Deed | $549,500 | United Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,055,000 | Seller Take Back | |
| Previous Owner | $407,250 | Commercial | |
| Previous Owner | $357,175 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $1,250,000 | -2.0% | $427 / Sq Ft |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 03/07/2025 03/07/25 | Price Changed | $1,275,000 | -3.8% | $435 / Sq Ft |
| 01/07/2025 01/07/25 | For Sale | $1,325,000 | +144.0% | $452 / Sq Ft |
| 03/14/2012 03/14/12 | Sold | $543,000 | -1.3% | $120 / Sq Ft |
| 01/24/2012 01/24/12 | Pending | -- | -- | -- |
| 01/14/2012 01/14/12 | For Sale | $550,000 | -- | $122 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,511 | $682,027 | $251,206 | $430,821 |
| 2024 | $9,511 | $668,655 | $246,281 | $422,374 |
| 2023 | $9,338 | $655,545 | $241,452 | $414,093 |
| 2022 | $8,782 | $642,692 | $236,718 | $405,974 |
| 2021 | $8,584 | $630,091 | $232,077 | $398,014 |
| 2019 | $8,461 | $612,334 | $225,195 | $387,139 |
| 2018 | $8,206 | $600,347 | $220,780 | $379,567 |
| 2016 | $7,561 | $576,142 | $212,207 | $363,935 |
| 2015 | $7,271 | $567,489 | $209,020 | $358,469 |
| 2014 | $7,252 | $556,374 | $204,926 | $351,448 |
Source: Public Records
Agents Affiliated with this Home
-
Chuck Chavez
-
Ramon Cardenas
Buyer's Agent in 2025
Ramon Cardenas
Century 21 Allstars
(562) 746-6674
1 in this area
42 Total Sales
-
Ronald bustamante
Seller's Agent in 2012
Ronald bustamante
Ronald G. Bustamante Jr.
(562) 595-2416
13 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24251646
APN: 7116-007-034
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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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