Pedro Torres Jr.
First Class Platinum Brokers
(562) 392-3404
121 Total Sales
1 in Hamilton
$725,000 Price
6759 Cherry Ave Long Beach, CA 90805
Hamilton NeighborhoodEstimated Value: $1,192,749
4
Beds
7
Baths
2,930
Sq Ft
$407/Sq Ft
Est. Value
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 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
Century 21 Allstars Brokerage Email: Chuck@chuckchavez.com License #01367620 Listed on: 01/07/2025
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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
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
Chenpo Lin Living Trust and Chenpo Lin
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,251
Avg. Annual Appreciation
-3.36%
Original Mortgage
$1,055,000
Outstanding Balance
$1,040,554
Interest Rate
6.65%
Mortgage Type
Seller Take Back
Estimated Equity
$152,195
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hamilton, CA
-
Pedro Torres Jr.
-
Jasmin Duran
Jasmin Duran
Keller Williams Coastal Prop
(562) 262-8540
39 Total Sales
1 in Hamilton
$750,000 Price
-
Mark Lear
Mark Lear
WERE Real Estate Inc
(657) 223-8121
354 Total Sales
1 in Hamilton
$615,000 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
120 Total Sales
1 in Hamilton
$862,500 Price
-
Laura Pinelli
Laura Pinelli
LAURA PINELLI, BROKER
(626) 605-6436
32 Total Sales
1 in Hamilton
$660,000 Price
-
Jason Lowery
Jason Lowery
Compass
(747) 229-0866
86 Total Sales
2 in Hamilton
$755,000 Price Range
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 | ||
| Lin Chenpo | $543,000 | Lawyers Title | |
| Zatarain Ricardo | $549,500 | United Title Company | |
| Macleod Robert Charles | -- | None Available | |
| Macleod Robert Charles | -- | 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 | Lin Chenpo | $407,250 | |
| Previous Owner | Zatarain Ricardo | $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 |
|---|---|---|---|---|
| 2026 | $9,951 | $1,229,100 | $311,100 | $918,000 |
| 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
-
Ramon Cardenas
Buyer's Agent in 2025
Ramon Cardenas
Century 21 Allstars
(562) 746-6674
1 in this area
41 Total Sales
-
Ronald bustamante
Seller's Agent in 2012
Ronald bustamante
Ronald G. Bustamante Jr.
(562) 595-2416
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24251646
APN: 7116-007-034
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.
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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