532 Cherry Avenue

Long Beach, CA 90802

$1,150,000
Price
4
Beds
4
Baths
2,016 Sq. Ft.
$570 / Sq. Ft.
2,016
Sq. Ft.
$570
per Sq. Ft.

Description

Prime eastside location! 4-plex all 1 bedroom/1 bathroom units. 2 garages and 1 additional parking space and onsite laundry room both bringing in additional income! Remodeled units. Newer exterior paint property. Great rental market with close proximity to csulb, shopping, restaurants and only 5 blocks to the beach! Hurry this 4-plex will not last long!Prime eastside location! 4-plex all 1 bedroom/1 bathroom units. 2 garages and 1 additional parking space and onsite laundry room both bringing in additional income! Remodeled units. Newer exterior paint property. Great rental market with close proximity to csulb, shopping, restaurants and only 5 blocks to the beach! Hurry this 4-plex will not last long!
  1. Listed by Kristina Moore • DRE #01926377 • Brokerage DRE #01926377 • The Moore Group • 7148097608

Property Details for 532 Cherry Avenue

Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2016
Assessor Parcel Number
7262-025-013
LISTING UPDATED: 11/26/2024 09:24 PM

Property Details for 532 Cherry Avenue

StatusActive
MLS #PW24239437
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.12 AC / 5,353 SF
CountyLos Angeles County

Building Information for 532 Cherry Avenue

Stories1Residences-Year Built1959Building Size-Lot Size0.12 AC / 5,353 SF

Property Information for 532 Cherry Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $90,624
  • Gross Scheduled Income: $90,624
  • Net Operating Income: $67,968
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $200
  • Garage Income: $400
  • Laundry Income: $200
Expense Details
  • Operating Expense: $22,656
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Other Expense: $0
  • Other Expense Description: 0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: F
  • Tax Tract Number: 576...
  • Tax Census Tract: 5768.01
  • CFD/Mello-Roos Fee: $767
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: front gate
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Eastside
  • Builders Tract Code: Eastside (ES)
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: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1890
  • 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: 0
  • Unit Type Actual Rent: $1,963
  • Unit Type Total Rent: $1,963
  • Unit Type Pro Forma: 2120
  • 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: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,886
  • Unit Type Total Rent: $1,886
  • Unit Type Pro Forma: 2036
  • 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: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,953
  • Unit Type Total Rent: $1,953
  • Unit Type Pro Forma: 2109
  • 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: 5
  • Number Of Separate Water Meters: 1

Property History for 532 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 532 Cherry Avenue

Taxable ValueLand$643,320Additions$542,536Total$1,185,856
Tax Record2024$15,495 ($1,291 / month)
Home Facts
Total Finished SqFt2,016 SqFtAbove Grade Finished SqFt2,016 SqFtLot Size5,351 SqFtStyleQuadraplexYear Built1959ZoningLBR1NCountyLOS ANGELESAPN7262-025-013

Schools near 532 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
Burbank 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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532 Cherry Avenue is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on November 24, 2024 by The Moore Group, it's currently listed at $1,150,000. It has been on the market for a total of 17 days and was last sold on May 29, 2020. This listing's school district is Long Beach Unified School District. Nearby schools include Burbank Elementary School, Jefferson Leadership Academies School and Wilson High School. 532 Cherry Avenue is a 4-bed, 4-bath, 2,016 sqft multi-family home built in 1959.

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 Moore Group, Kristina Moore, DRE #01926377

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.