3 months on rocket

1615 Cherry Ave, Long Beach, CA, 90813

$1,275,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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1615 Cherry Ave, Long Beach$1,275,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingConcrete, Direct Access, Driveway Level, Door-Single, Garage Faces Front, Garage, On Site, Paved
Garage2 spaces
Year Built1949
HeatingNatural Gas
CoolingNone
FireplaceNone
ViewCity Lights
MLS #PW24015369
Lot Size0.17 Acres
StatusActive

About 1615 Cherry Ave

**Fantastic Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood!** Welcome to your next lucrative investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potential for growth in an area currently undergoing rezoning for additional apartment density. **Key Features:** - **Unit Mix:** This well-maintained building consists of 4 units, featuring 2 expansive 3-bedroom apartments and 2 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space and modern living comfort. - **Prime Location:** Nestled in the vibrant and up-and-coming neighborhood, this property is strategically positioned for optimal access to both the bustling city life and the tranquil beachfront. Residents can enjoy the best of both worlds.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1949
  • Stories: 1

Listing Office:

  • Office Name: Y Realty
  • Office Phone: (877) 976-5348
  • Listing Agent: Steven Richardson

Interior Features

Interior Information:

  • Appliances: Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater
  • Flooring Type: Carpet, Laminate, Tile
  • Interior: Ceiling Fan(s), Laminate Counters, Open Floorplan, Tile Counters, All Bedrooms Down
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights
  • Exterior: Awning(s)

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Concrete, Direct Access, Driveway Level, Door-Single, Garage Faces Front, Garage, On Site, Paved

Lot Features

Lot Information:

  • Lot: Garden, Lawn, Level
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: 405 South to Cherry Ave South to Pacific Coast Highway

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,275,000

Tax Information:

  • Annual Amount: $12,382
  • 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

$790.3K

Med. Price/SqFt

$616

Avg. Days On Market

27

# of Sold Homes

179

1615 Cherry Ave vs Long Beach

96 DAYS ON ROCKET

+69 Days

$1,275,000

+$484.6K More

KEY TAKEAWAY

This property is $484.6K 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: #PW24015369

Listing Office:

  • Office Name: Y Realty
  • Office Phone: (877) 976-5348
  • Listing Agent: Steven Richardson

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: 5/5/2024, 11:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 08, 2004Home Sold
$715,000
Jul 15, 2002Home Sold
$360,000
Nov 08, 1999Home Sold
$300,000
May 29, 1998Home Sold
$138,000
Jul 31, 1997Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,382$968,084
2020$11,205$957,476
2019$10,840$856,018
2018$10,727$839,234
2017$10,727$822,779

History based on county public records data.

Payment Calculator

$6,431

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,889

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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-6718470
2
/10

  • Whittier Elementary School

  • 1761 Walnut Ave

  • 0.27 miles

  • Public District Grades KG-5

school-card-donut-6718471
7
/10

  • Alvarado Elementary School

  • 1900 E 21st St

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-6718472
5
/10

  • Lee Elementary School

  • 1620 Temple Ave

  • 0.54 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 $40,368. The majority of Long Beach, CA residents have income between $35k-100k annually. Most families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1615 Cherry Ave

What is the listing price of this property?

The listing price of 1615 Cherry Ave property is $1,275,000.

What type of property is this?

The property 1615 Cherry Ave is a condo located in Long Beach, California, 90813.

Is this property for sale now?

Active Listing: 1615 Cherry Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,382 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 8, 2004 for $715,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1615 Cherry Ave is 1949.

Rocket Homes›California›Los Angeles County›Long Beach›90813›1615 Cherry Ave

This home is located at 1615 Cherry Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1949, sits on a 0.17 acre lot. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $1,275,000.

While more than 96 listings in Long Beach, CA in April 2024 were sold above asking price, there were more than 36 listings sold at asking price, and more than 47 were sold below. The inventory of homes for sale in Long Beach, CA between March 2024 and April 2024 increased by 8%. Listings spent 27 days on the market in April 2024, and had a median list price of $790,334 during the same period.

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

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