2 months on rocket

1712 Cherry Ave, Long Beach, CA, 90813

$1,950,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1712 Cherry Ave, Long Beach$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAssigned, Concrete
Year Built1964
HeatingNatural Gas
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #SR24196361
Lot Size0.14 Acres
StatusActive

About 1712 Cherry Ave

This well-maintained 4-unit property is a prime investment opportunity, located just minutes from the beach in the vibrant city of Long Beach, CA. Less than a 10-minute drive to the shoreline, this property offers convenience, great rental income, and modern living. All units are currently occupied and generating strong rental income at market rates, making it an ideal investment with immediate cash flow potential. The property has been well cared for, with all units in excellent condition. The detached 3 bed, 2 bath unit comes with its own private yard, perfect for added privacy and outdoor enjoyment. Tenants will also appreciate the ample parking, with a total of 6 parking spaces available. The lot also has additional space to put storage units which can be rented out to tenants for additional monthly income. Whether you're looking to expand your investment portfolio or secure a high-demand rental property in a desirable location, this multi-unit gem checks all the boxes. Don't miss out on this rare opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 2

Listing Office:

  • Office Name: Luxury Collective
  • Office Phone: (626) 590-2845
  • Listing Agent: Gevork Jabakchurian

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Cooktop, Gas Range, Water Heater
  • Flooring Type: Laminate, Vinyl
  • Interior: Unfurnished, Bedroom on Main Level, Walk-In Closet(s)
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Assigned, Concrete

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From PCH turn south on Cherry Avenue and the property will be to your left. It is located on Cherry Avenue in between PCH and East 17th Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000

Tax Information:

  • Annual Amount: $1,998
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

1712 Cherry Ave vs Long Beach

81 DAYS ON ROCKET

+46 Days

$1,950,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24196361

Listing Office:

  • Office Name: Luxury Collective
  • Office Phone: (626) 590-2845
  • Listing Agent: Gevork Jabakchurian

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,998$88,913
2020$1,969$88,002
2019$1,845$86,277
2018$1,826$84,587
2017$1,826$82,930

History based on county public records data.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4323651
4
/10

  • John G. Whittier Elementary School

  • 1761 Walnut Ave

  • 0.29 miles

  • Public District Grades KG-5

school-card-donut-4323652
6
/10

  • Nieto Herrera Elementary School

  • 1620 Temple Ave

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-4323653
8
/10

  • Alvarado Elementary School

  • 1400 E 20th St

  • 0.52 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,642. Most Long Beach, CA residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90813›1712 Cherry Ave

This home is located at 1712 Cherry Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1964, sits on a 0.14 acre lot. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $1,950,000.

Over 66 listings were sold over their listed price in November 2024 in Long Beach, CA. In the same period over 64 listings were sold below the listed price and 32 listings were sold for the listed price. Between October 2024 and November 2024, Long Beach, CA real estate market has seen decrease in the number of listings by 10.6%. The median list price of listings available in November 2024 was $825,128, while the average time on the real estate market was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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