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Sold on 05/09/2025
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1715 Cherry Ave, Long Beach, CA 90813

$1,320,000

Last sold 05/09/2025 after 128 Days

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    bed

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    bath

Multi-family not for sale
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About 1715 Cherry Ave

Property type Multi-family
Neighborhood
Year built 1949
HOA fee $0/month
Lot size 8,240 Sqft
Parking 4 garage spaces
Rental estimate
Property description
1715 Cherry Avenue is a 6-unit multifamily property located in the highly sought-after Long Beach Market of Los Angeles County. The property features a mix of unit configurations, including (1) 2-bedroom, 1-bath unit, and (5) 1-bedroom, 1-bath units. The property offers a fully stabilized investment opportunity with strong cash flow and immediate returns from day one. Residents benefit from the array of dining, shopping, and entertainment options along Cherry Avenue, as well as convenient access to major freeways and key job markets. Given the ongoing shortage of apartment housing and the rising cost of single-family homes in Southern California, Cherry Avenue offers long-term growth for savvy investors. **ASSUMABLE LOAN AVAILABLE @ 3.42% through December of 2026, inquire for details**
Listed by
Listing Agent - Aspen Labrador
Listing Agent Contact: 949-463-9892
Listing Office - Compass
Source: CRMLS mls logo
MLS#NP25011374 • last updated 1 year ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1892
Lot Size (SqFt) 8240
Year Built 1949
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 3426
# Parking Spaces 4
# Garage Spaces 4
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs
Subdivision Circle (CA), Circle (CA)
Zoning LBCNR
Directions East 17th Street & Cherry Avenue
APN 7261005008
Multifamily Details
Vacancy Allowance Rate 3
Expense: Trash 75
Operating Expense 35987
Cap Rate 5.61
Expense: Insurance 3769
Total Expenses 35987
Expense: Maintenance 4800
Expense: Water/ Sewer 100
Gross Income 120288
Expense: Electric 20
Gross Multiplier 12.68
Gross Scheduled Income 125208
Expense: Fuel 15
Expense: Gardener 95
Rental est.: $1,319/month
Gross rent multiplier: 83.4
  • May 2025
    mls logo MLS # NP25011374
  • May 9, 2025 Sold
    $1,320,000
  • Apr 23, 2025 Pending
    —
  • Mar 21, 2025 Active
    —
  • Mar 14, 2025 Price Change
    $1,425,000 (-6.6%)
  • Jan 1, 2025 Listed
    $1,525,000 (-12.9%)
  • May 2025
    Public Records
  • May 9, 2025 Sold
    $1,320,000 (-7.4%)
  • Jul 2024
    mls logo MLS # SB24141613
  • Jul 9, 2024 Listed
    $1,750,000
  • Mar 2023
    mls logo MLS # SB23054443
  • Mar 15, 2023 Listed
    $1,750,000 (+44.0%)
  • Jul 2019
    mls logo MLS # OC19014256
  • Jul 29, 2019 Sold
    $1,215,000 (+1.3%)
  • Jul 26, 2019 Sold
    $1,215,000 (-0.8%)
  • Jul 17, 2019 Active
    —
  • Jan 16, 2019 Listed
    $1,225,000
  • Jan 16, 2019 Listed
    $1,225,000 (-1.9%)
  • Jul 2019
    Public Records
  • Jul 26, 2019 Sold
    $1,200,000 (-1.2%)
  • Jan 2019
    mls logo MLS # 14254486
  • Jan 18, 2019 Listed
    $1,225,000
  • Mar 2018
    mls logo MLS # OC18060380
  • Mar 15, 2018 Listed
    $1,249,000 (+32.9%)
  • Jul 2017
    Public Records
  • Jul 13, 2017 Sold
    $940,000 (+43.5%)
  • Dec 2013
    Public Records
  • Dec 6, 2013 Sold
    $655,000
  • Dec 2013
    mls logo MLS # PW13119947
  • Dec 6, 2013 Sold
    $655,000 (-3.5%)
  • Jun 21, 2013 Listed
    $679,000 (+47.3%)
  • Mar 2004
    Public Records
  • Mar 18, 2004 Sold
    $461,000
  • Year Property taxes Tax assessment
  • 2024
    $18,902 +1.7%
    $1,424,616
  • 2023
    $18,580 +6.5%
    $1,424,616 +2.0%
  • 2022
    $17,448 +12.1%
    $1,396,703 +15.1%
  • 2021
    $15,559 +0.3%
    $1,213,432 +1.04%
  • 2020
    $15,520
    $1,201,000
  • 1715 Cherry Ave
    $1.32M
  • Central Long Beach
    $510K +7% y/y
  • 90813
    $579K +11% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Whittier Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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