NOT LISTED FOR SALE

6759 Cherry Ave Long Beach, CA 90805

Hamilton Neighborhood

Estimated Value: $1,196,083 - $1,279,000

4 Beds
7 Baths
2,930 Sq Ft
$422/Sq Ft Est. Value

Sale Details

Date Sold: May 9, 2025

Last sale price $1,250,000 $427 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,500 / mo

87 Days on Market

About This Home

As of May 2025

SELLER 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 increased
cash flow. Currently, no units are vacant, providing the opportunity to upgrade and secure market
rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering
a mix of Studio and 1 bedroom layouts, appealing to a range of tenants. These commercial units are centrally located in Long
Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick
connections to LAX, downtown LA, and other Key metropolitan areas.

Last Agent to Sell the Property

Chuck Chavez

Century 21 Allstars Brokerage Email: Chuck@chuckchavez.com License #01367620 Listed on: 01/07/2025

Century 21 Allstars

Last Buyer's Agent

Ramon Cardenas

Century 21 Allstars License #01756954

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

4,294 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7116007034
  • Year Built: 1958
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 426.62

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4294.00
  • Lot Size Acres: 0.0986

Multi Family

  • Fuel Expense: 6300.00
  • Gross Income: 6000.00
  • Gross Scheduled Income: 112260.00
  • Insurance Expense: 4020.00
  • Laundry Income: 500.00
  • Lot Size Area: 4294.0000 Square Feet
  • Net Operating Income: 83687.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 28573.00
  • Rent Control: Yes
  • Total Expenses: 28573.00

Tax Info

  • Tax Lot: 6
  • Tax Tract Number: 6607

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2025
Closed on
Apr 29, 2025
Sold by
Bought by
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
$1,237,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,458
Avg. Annual Appreciation
-0.90%
Original Mortgage
$1,055,000
Outstanding Balance
$1,042,550
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Estimated Equity
$194,992

Purchase Details

Listed on
Jan 14, 2012
Closed on
Feb 14, 2012
Sold by
Bought by
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
Bought by

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
Bought by

Purchase Details

Closed on
Jan 24, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,205,000 Monarch Title
$543,000 Lawyers Title
$549,500 United Title Company
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,055,000
Previous Owner $407,250
Previous Owner $357,175
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,951 $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

    Seller's Agent in 2025

    Chuck Chavez

    Century 21 Allstars

    (562) 716-6698

    1 in this area

    32 Total Sales

    Chuck Chavez
    Section Image
  • Ramon Cardenas

    Buyer's Agent in 2025

    Ramon Cardenas

    Century 21 Allstars

    (562) 746-6674

    1 in this area

    37 Total Sales

    Ramon Cardenas
    Section Image
  • Ronald bustamante

    Seller's Agent in 2012

    Ronald bustamante

    Ronald G. Bustamante Jr.

    (562) 595-2416

    12 Total Sales

    Ronald bustamante
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24251646

California Regional Multiple Listing Service (CRMLS)

APN: 7116-007-034

California Los Angeles County Long Beach 90805 Hamilton

6759 Cherry Ave, Long Beach, CA

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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