1380 Cherry Avenue

Long Beach, CA 90813

$1,075,000
Price
3
Beds
4
Baths
2,752 Sq. Ft.
$391 / Sq. Ft.
2,752
Sq. Ft.
$391
per Sq. Ft.

Description

Great opportunity for business owner operator or live in one and rent others. 4 Units in a busy street 2 Commercial units and 2 Residential. 5 car garage plus a large storage room. Alley access, secure gate.Great opportunity for business owner operator or live in one and rent others. 4 Units in a busy street 2 Commercial units and 2 Residential. 5 car garage plus a large storage room. Alley access, secure gate.
  1. Listed by Mina Montejano • DRE #01111895 • Brokerage DRE #01297191 • THE REAL ESTATE GROUP • 213-503-3001

Property Details for 1380 Cherry Avenue

View
None
Parking Spaces Total
5
Private Pool
No
Cooling Type
None
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2752
LISTING UPDATED: 12/04/2024 06:37 AM

Property Details for 1380 Cherry Avenue

StatusActive
MLS #IN23212292
Days on Market355
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1930
Lot Size0.13 AC / 5,850 SF
CountyLos Angeles County

Building Information for 1380 Cherry Avenue

Stories2Residences-Year Built1930Building Size-Lot Size0.13 AC / 5,850 SF

Property Information for 1380 Cherry Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $750
  • Gross Scheduled Income: $73,860
  • Net Operating Income: $63,260
  • Number Of Rented Garages: 5
  • Garage Rental Rate: $150
Expense Details
  • Operating Expense: $10,600
  • Fuel Expense: $0
  • Electric Expense: $1,000
  • Insurance Expense: $2,200
  • Trash Expense: $0
  • Water Sewer Expense: $1,680
  • Total Expenses: $4,480
Tax / Assessment Info
  • Tax Tract Number: 2900
  • Tax Census Tract: 5751.02
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: Electric Dryer Hookup, Hookup - Electric, None, Washer Hookup
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas
  • Heating: Natural Gas
Exterior Features
  • Roof: Mixed, Shingle, Spanish Tile
  • Entry Location: Cherry Ave
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Driveway, Garage, Garage - 2 Car
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage, Garage Faces Side, Garage - Two Door
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,190
  • Unit Type Total Rent: $1,190
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 1
Unit 2
  • 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 Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,315
  • Unit Type Total Rent: $1,315
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1380 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 1380 Cherry Avenue

Taxable ValueLand$170,381Additions$231,442Total$401,823
Tax Record2024$5,822 ($485 / month)
Home Facts
Total Finished SqFt2,752 SqFtAbove Grade Finished SqFt2,752 SqFtStories1Lot Size5,850 SqFtStyleOffice BuildingYear Built1930ZoningLBCNRCountyLOS ANGELESAPN7261-023-003

Schools near 1380 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 - 9 to 12
Rating
School
Distance
Lee Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Clear Passage Educational Center
Charter9 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.

Similar Homes

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Similar Sold Homes

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1380 Cherry Avenue is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on November 14, 2023 by THE REAL ESTATE GROUP, it's currently listed at $1,075,000. It has been on the market for a total of 355 days and was last sold on May 1, 2003. This listing's school district is Long Beach Unified School District. Nearby schools include Lee Elementary School, Jefferson Leadership Academies School and Wilson High School. 1380 Cherry Avenue is a 3-bed, 4-bath, 2,752 sqft mixed use property built in 1930.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of THE REAL ESTATE GROUP, Mina Montejano, DRE #01111895

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.