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528 Cherry Ave, Long Beach, CA 90802

$1,040,000

Last sold 03/14/2025 for $1.15M

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bed
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bath

Multi-family not for sale

About 528 Cherry Ave

Property type Multi-family

Neighborhood

Year built 1959

HOA fee $0/month

Lot size 5,125 Sqft

Movoto estimate

Parking 2 garage spaces

Rental estimate

Property description

A garden-setting building with two undivided garages. Wide front doors at ground level. brick patio in front of each separate unit. community vegetable garden in the back. A laundry room is in the back, and the two extra storage rooms are rented separately. The building has been newly painted on all trim and doors. Flat roof. each unit has newly improved bathrooms with Travertine Marble flooring. Some have whirlpool tubs. Newer upgraded flooring in all units. Granite Countertops in each kitchen. Original solid wood cabinetry in kitchens. Semi-cathedral ceilings in each unit lend each space an airy spacious aspect. Crank Windows in most rooms. New windows in bathrooms. Garages in front of the building are for two cars only with no separating wall. Nice Plantings and all units open onto a sunny walkway "courtyard"—only seven blocks to the beach on Cherry Ave in the Rose Park Neighborhood. Cherry is a main avenue from the Ocean to Signal Hill and beyond.

Listed by

Listing Agent - Robert Fox

Listing Agent Contact: 808-256-1071

Listing Office - Robert Fox, Broker

Source: CRMLS

MLS#PW24143931 • last updated 1 year ago

Movoto checked CRMLS for data 2 minutes ago

Overview
Levels/Style	One, Mid Century Modern
Type	Residential Income
SubType	Quadruplex
Status	Pending
Lot Size (Acres)	0.1177
Lot Size (SqFt)	5125
Tax Area	5500
Year Built	1959
Condition	Repairs Cosmetic

Interior
Flooring	Laminate
Appliances	Electric Oven, Gas & Electric Range, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
Interior Features	Ceiling Fan(s), Copper Plumbing Partial, Granite Counters, High Ceilings, Unfurnished
Accessibility Features	32 Inch Or More Wide Doors, Doors - Swing In, See Remarks

Exterior
Foundation	Concrete Perimeter
Construction	Stucco
Building Area	Square Feet, 2016
Parking	Garage Faces Front, Garage - Two Door, Garage Door Opener, Parking Space
# Uncovered Spaces	2
# Parking Spaces	4
# Garage Spaces	2
Lot Description	2-5 Units/Acre

Amenities / Utilities
Fireplaces	None
Sewer/ Septic	Public Sewer
Water Source	Public
Inclusions	Washer And Dryer, All Appliances
Spa	None
Pool	None

Location
View	None
County	Los Angeles
Community Features	Curbs, Storm Drains, Street Lights, Urban
Subdivision	Alamitos Beach (AB), Alamitos Beach (AB)
Neighborhood	Rose Park
Zoning	LBR1N
Directions	Cherry Ave From Ocean Blvd Between 4th St And 7th St.
APN	7262025014

Multifamily Details
Vacancy Allowance Rate	0.02
Vacancy Allowance	200
Expense: Trash	1000
Gross Spendable Income	18837
Laundry Income	45
Operating Expense	7500
Expense: Insurance	1441
Total Expenses	73140
Expense: Maintenance	1000
Expense: Water/ Sewer	2180
Gross Income	2400
Gross Operating Income	80640
Expense: Electric	600
Gross Scheduled Income	80640
Expense: Gardener	1200