1715 Cherry Avenue

Long Beach, CA 90813

$1,750,000
Price
7
Beds
6
Baths
3,426 Sq. Ft.
$511 / Sq. Ft.
3,426
Sq. Ft.
$511
per Sq. Ft.

Description

1715 Cherry is a multi-unit residential property nestled in the vibrant city of Long Beach. There are (5) one bedroom and one bath units and (1) 2 bedroom 1 bath unit offering comfortable and well-appointed living spaces. Units 1 and 2 are both remodeled and vacant ready for new tenants! Residents benefit from convenient on-site laundry facilities located within the community. 4 separate garages and 2 uncovered parking spaces. Strategically located, tenants enjoy easy access to nearby dining, shopping,...1715 Cherry is a multi-unit residential property nestled in the vibrant city of Long Beach. There are (5) one bedroom and one bath units and (1) 2 bedroom 1 bath unit offering comfortable and well-appointed living spaces. Units 1 and 2 are both remodeled and vacant ready for new tenants! Residents benefit from convenient on-site laundry facilities located within the community. 4 separate garages and 2 uncovered parking spaces. Strategically located, tenants enjoy easy access to nearby dining, shopping, and entertainment venues. This property presents an exceptional investment opportunity for those seeking a reliable income stream in a thriving rental market.

Property Details for 1715 Cherry Avenue

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
None
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3426
LISTING UPDATED: 11/17/2024 09:43 AM

Property Details for 1715 Cherry Avenue

StatusActive
MLS #SB24141613
Days on Market159
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1949
Lot Size0.19 AC / 8,238 SF
CountyLos Angeles County

Building Information for 1715 Cherry Avenue

Stories1Residences-Year Built1949Building Size-Lot Size0.19 AC / 8,238 SF

Property Information for 1715 Cherry Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $101,200
  • Gross Scheduled Income: $125,280
  • Net Operating Income: $115,239
Expense Details
  • Operating Expense: $10,041
  • Gardener Expense: $660
  • Electric Expense: $672
  • Insurance Expense: $1,199
  • Maintenance Expense: $480
  • Professional Management Expense: $2,200
  • Trash Expense: $370
  • Water Sewer Expense: $4,460
  • Total Expenses: $10,041
Tax / Assessment Info
  • Tax Tract Number: 82
  • Tax Census Tract: 5752.02
  • Tax Lot: 33
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Down
Exterior Features
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Circle
  • Builders Tract Code: Circle (CA)
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,675
  • Unit Type Total Rent: $1,675
  • Unit Type Pro Forma: 1675
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 1675
  • Unit Type Type: 4
Unit 5
  • 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: $1,640
  • Unit Type Total Rent: $1,640
  • Unit Type Pro Forma: 1675
  • Unit Type Type: 5
Unit 6
  • 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: $1,875
  • Unit Type Total Rent: $1,875
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 1715 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 1715 Cherry Avenue

Taxable ValueLand$791,429Additions$633,187Total$1,424,616
Tax Record2024$18,902 ($1,575 / month)
Home Facts
Total Finished SqFt3,426 SqFtAbove Grade Finished SqFt3,426 SqFtLot Size8,238 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLBCNRCountyLOS ANGELESAPN7261-005-008

Schools near 1715 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
Whittier Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic 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.

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1715 Cherry Avenue is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on July 9, 2024 by RE/MAX Estate Properties, it's currently listed at $1,750,000. It has been on the market for a total of 159 days and was last sold on July 26, 2019. This listing's school district is Long Beach Unified School District. Nearby schools include Whittier Elementary School, Franklin Classical Middle School and Polytechnic High School. 1715 Cherry Avenue is a 7-bed, 6-bath, 3,426 sqft mixed use property built in 1949.

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 RE/MAX Estate Properties, Bill Ruane, DRE #00972400

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.