5847 Cherry Avenue

Long Beach, CA 90805

$1,400,000
Price
6
Beds
15
Baths
3,520 Sq. Ft.
$398 / Sq. Ft.
3,520
Sq. Ft.
$398
per Sq. Ft.

Description

Highly desired area! New industrial and wharehouse buildings being build near by at 5860 Paramount Blvd, 5880 Paramount Blvd, 5910 Cherry Ave which will include over 500 permanent jobs near by. This gated property is located in Long Beach near Bixby Knolls area with plenty of restaurants and local shopping. It is a 4-plex with two studio units and two units with 2 bedrooms with one having 2 bathrooms and the other with 1 bathroom with his/her sink. Property gross revenue annually $91,972. Monthly...Highly desired area! New industrial and wharehouse buildings being build near by at 5860 Paramount Blvd, 5880 Paramount Blvd, 5910 Cherry Ave which will include over 500 permanent jobs near by. This gated property is located in Long Beach near Bixby Knolls area with plenty of restaurants and local shopping. It is a 4-plex with two studio units and two units with 2 bedrooms with one having 2 bathrooms and the other with 1 bathroom with his/her sink. Property gross revenue annually $91,972. Monthly utilities (water, gas, electric, trash) varies about $900 month. Utilities runs on 1 meter and divided up by tenants. Property has parking in the back for 4 vehicles and a 2 car garage with a total of 6 potential parking. The units had some updated in 2017 and 2018 with 3 of the units having laminate floor. Unit A and Unit D are pictures from 2018. Potential to make the garage into an ADU
Unit #A - 2 bedrooms and 1 bath with double sink , has Central Air
Unit #B- Studio with a separate kitchen
Unit #C- Studio with large closet and bathroom,
Unit #D-2 bedroom and 2 bathroom with large living room and 2 car garage and small patio area, has Central Air


Disclosure
We obtained the following information above from sources we believe to be reliable. However we have not verified it accuracy and make no guarantee, warranty, representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions ,prior sale, lease or financing or withdraw without notice. We include projections, opinions , assumptions or estimates for example only and they are not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigations of the property and transaction this includes price/unit, Price/SF, Cap rate and GRM are based on total price of the sale.
  1. Listed by Aneta Handian Ayrapetyan • DRE #02229851 • Brokerage DRE #01811831 • Equity Union • 818-858-4222

Property Details for 5847 Cherry Avenue

Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air, Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3520
Assessor Parcel Number
7123-014-019

Location

Listing Courtesy of Equity Union, Aneta Handian Ayrapetyan, DRE #02229851
Add your commute
LISTING UPDATED: 05/25/2024 01:37 PM

Property Details for 5847 Cherry Avenue

StatusActive
MLS #SR24097306
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.08 AC / 3,496 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Aneta Handian Ayrapetyan, DRE #02229851
Add your commute

Building Information for 5847 Cherry Avenue

Stories2Residences-Year Built1954Building Size-Lot Size0.08 AC / 3,496 SF

Payment Calculator

$8,566 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,640

Property Taxes

$926

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5847 Cherry Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $91,900
  • Gross Scheduled Income: $91,900
  • Net Operating Income: $65,900
Expense Details
  • Operating Expense: $26,000
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Fuel Expense: $2,984
  • Furniture Replacement Expense: $0
  • Electric Expense: $6,705
  • Insurance Expense: $1,733
  • Trash Expense: $118
  • Water Sewer Expense: $2,984
  • Total Expenses: $13,169
Tax / Assessment Info
  • Tax Area: 04992
  • Tax Rate: 0.0
  • Tax Tract Number: 7225
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 253
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Water Heater
  • Equipment: Laundry Area
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating Type: Central, Wall
  • Heating: Central, Wall Furnace
Exterior Features
  • Entry Location: street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: North Long Beach
  • Builders Tract Code: North Long Beach (NLB)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,924
  • Unit Type Total Rent: $1,924
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,436
  • Unit Type Total Rent: $1,436
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,154
  • Unit Type Total Rent: $2,154
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 5847 Cherry Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5847 Cherry Avenue

Taxable ValueLand$492,139Additions$328,093Total$820,232
Tax Record2023$11,115 ($926 / month)
Home Facts
Total Finished SqFt3,520 SqFtAbove Grade Finished SqFt3,520 SqFtStories1Lot Size3,496 SqFtStyleQuadraplexYear Built1954ZoningLBCCCountyLOS ANGELESAPN7123-014-019

Schools near 5847 Cherry Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Harte Elementary School
PublicK to 5

Lindbergh Middle School
Public6 to 8

Jordan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5847 Cherry Avenue is a multi-family home for sale in Long Beach, CA 90805. This property was listed for sale on May 14, 2024 by Equity Union, it's currently listed at $1,400,000. It has been on the market for a total of 19 days and was last sold on November 29, 2017. This listing's school district is Long Beach Unified School District. Nearby schools include Harte Elementary School, Lindbergh Middle School and Jordan High School. 5847 Cherry Avenue is a 6-bed, 15-bath, 3,520 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Aneta Handian Ayrapetyan, DRE #02229851

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.