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Sold on 03/31/2026
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480 Cherry Ave, Long Beach, CA 90802

  • $1,300,000

    Last sold 03/31/2026 after 193 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 480 Cherry Ave

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 6,276 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Exclusive listing in Long Beach's 90802 area. This 3-unit triplex offers two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit with a patio and gazebo. The property includes parking for at least six vehicles and is located near 4th Street and Retro Row. Each unit is separately metered for utilities. The building is eligible for the Mills Act, offering property tax benefits.
Listed by
Listing Agent - David Forsyth
Listing Agent Contact: 949-375-2719
Listing Office - First Team Real Estate
Source: CRMLS mls logo
MLS#OC25221483 • last updated 2 months ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Triplex
Status Closed
Lot Size (Acres) 0.1441
Lot Size (SqFt) 6276
Year Built 1930
Interior
Appliances Disposal, Built-In Range, Gas Water Heater
Interior Features Laminate Counters, Track Lighting, Ceiling Fan(s)
Accessibility Features Parking
Exterior
Building Area Square Feet, 3642
# Uncovered Spaces 4
# Parking Spaces 6
# Garage Spaces 2
Lot Description Level With Street
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Electric Electricity - On Property
Pool None
Location
County Los Angeles
Community Features Biking
Subdivision Alamitos Heights (AH), Alamitos Heights (AH)
Walk Score 97
Directions Between 7th Street / 4th
APN 7263003005
Multifamily Details
Expense: Trash 30
Laundry Income 75
Operating Expense 100
Expense: Insurance 2500
Total Expenses 90
Expense: Water/ Sewer 60
Gross Income 75000
Gross Scheduled Income 75000
$1.33M
Range: $1.21M-$1.45M
Last 30 days 
Rental est.: $1,262/month
Gross rent multiplier: 90.8
  • Apr 2026
    mls logo MLS # OC25221483
  • Apr 1, 2026 Sold
    $1,300,000 (-5.5%)
  • Feb 12, 2026 Active
    —
  • Sep 19, 2025 Listed
    $1,375,000 (+10.0%)
  • Jun 2025
    mls logo MLS # SB25063034
  • Jun 13, 2025 Price Change
    $1,249,900
  • Mar 26, 2025 Listed
    $1,250,000 (+157.7%)
  • Jun 2003
    mls logo MLS # P330975
  • Jun 20, 2003 Sold
    $485,000 (+2.1%)
  • Feb 17, 2003 Listed
    $475,000
  • 480 Cherry Ave
    $1.3M
  • Franklin School
    $325K -28% y/y
  • 90802
    $499K 0% y/y
  • Long Beach
    $700K -2% y/y
No chart available
Statistics calculated by Movoto

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8/10
Burbank Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Franklin School

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/11/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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