1715 Cherry Ave
Long Beach, CA 90813

$1,320,000

Last Sold Price

Beds

Baths

3,426 Sq. Ft.

$385 / Sq. Ft.

3,426

Sq. Ft.

$385

per Sq. Ft.

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Closed 5/9/25

1715 Cherry Avenue Long Beach, CA 90813 - Photo 1 of 21

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...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**

Property Details for 1715 Cherry Avenue

Parking Spaces Total

Private Pool

Total Units

6.0

Building Type

Attached

Lot Size Source

Public Records

Living Area

3426

Assessor Parcel Number

7261-005-008

Property Attached YN

true

LISTING UPDATED: 05/09/2025 03:47 AM

Property Details for 1715 Cherry Avenue

Status	Closed
MLS #	NP25011374
Days on Market	59
Taxes	-
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income / Res Income 2-4 Units
Year Built	1949
County	Los Angeles County

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Location

Listing Courtesy of Compass, Aspen Labrador, DRE #02146663; Compass, Kacey Taormina, DRE #01920673

Sold By Compass, Aspen Labrador, DRE #02146663; Compass, Kacey Taormina, DRE #01920673

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Building Information for 1715 Cherry Avenue

Building/Complex1715 Cherry AveFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built1949Building Size-

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$8,080 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,433

Property Taxes

$1,647

HOA Dues

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Property Information for 1715 Cherry Avenue

Rental Info

Tenant Pays: Electricity, Gas

Income / Expense / Tax Details

Income Details

Gross Income: $120,288
Gross Scheduled Income: $125,208

Vacancy Allowance Rate: 3
Net Operating Income: $85,501
Gross Multiplier: 12.68
Cap Rate: 5.61
Financing: Cash

Expense Details

Operating Expense: $35,987
New Taxes Expense: $20,146

Gardener Expense: $95
Fuel Expense: $15
Licenses Expense: $100
Electric Expense: $20
Insurance Expense: $3,769
Maintenance Expense: $4,800
Professional Management Expense: $0
Trash Expense: $75
Water Sewer Expense: $100
Total Expenses: $35,987

Tax / Assessment Info

Tax Tract Number: 82
Tax Census Tract: 5752.02

CFD/Mello-Roos Fee: $1,201
Tax Lot: 33

Community / Development

Community Features: Curbs
Community: Circle (CA)

Property / Structure Info

Interior Features

Laundry: Yes
Laundry Features: Common Area

Exterior Features

Entry Location: 1
Pool Features: None

Pool Description: None
Pool: N/K
Pool Heat: N/K

Land/Lot Info

Lot Features: 6-10 Units/Acre
Number Of Units: 6

Land Lease: No
Land Lease Type: Fee
Levels: One
Water: Public
Sewer: Public Sewer
Water Source: Public

Parking Info

Garage Spaces: 4
Parking Garage Spaces: 4

Carport Spaces: 0

Property / Structure Info

Builders Tract Name: Circle
Builders Tract Code: Circle (CA)

Residential Styles: Res Income 2-4 Units

Unit Information

Unit 1

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $0
Unit Type Total Rent: $0
Unit Type Pro Forma: 1825
Unit Type Type: 1

Unit 2

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,600
Unit Type Total Rent: $1,600
Unit Type Pro Forma: 1825
Unit Type Type: 2

Unit 3

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,824
Unit Type Total Rent: $1,824
Unit Type Pro Forma: 1825
Unit Type Type: 3

Unit 4

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,650
Unit Type Total Rent: $1,650
Unit Type Pro Forma: 1825
Unit Type Type: 4

Unit 5

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $1,785
Unit Type Total Rent: $1,785
Unit Type Pro Forma: 1825
Unit Type Type: 5

Unit 6

Unit Type Units Total: 1
Unit Type Beds Total: 2

Unit Type Baths Total: 1
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 1
Unit Type Garage Attached: No
Unit Type Actual Rent: $1,875
Unit Type Total Rent: $1,875
Unit Type Pro Forma: 2195
Unit Type Type: 6

Unit Information

Number Of Units Leased: 5
Rent Controlled: Yes

Number Of Buildings: 2
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 6
Number Of Separate Water Meters: 1

Property History for 1715 Cherry Avenue

Date	Event & Source	Price	Appreciation
May 9, 2025	Sold CLAW #NP25011374MR	$1,320,000	—
May 9, 2025	Sold CRMLS #NP25011374	$1,320,000	—
May 9, 2025	Sold SDMLS #NP25011374	$1,320,000	—
Apr 23, 2025	Pending CRMLS #NP25011374		—
Mar 21, 2025	Sold (Public Record) Public Record #1557315690	$1,320,000	+1.6% / yr
Mar 20, 2025	Pending CLAW #NP25011374MR		—
Mar 20, 2025	Pending SDMLS #NP25011374		—
Mar 20, 2025	Accepting Backup Offers CLAW #NP25011374MR		—
Mar 20, 2025	Accepting Backup Offers CRMLS #NP25011374		—
Mar 14, 2025	Price Change CLAW #NP25011374MR	$1,425,000	—
Mar 14, 2025	Price Change CRMLS #NP25011374	$1,425,000	—
Jan 20, 2025	Listed (Active) CRMLS #NP25011374	$1,525,000	—
Jan 1, 2025	Expired CRMLS #SB24141613		—
Jan 1, 2025	Listed (Active) SDMLS #NP25011374	$1,525,000	—
Jan 1, 2025	Listed (Active) CLAW #NP25011374MR	$1,525,000	—
Dec 31, 2024	Expired CLAW #SB24141613MR	$1,750,000	—
Dec 27, 2024	Withdrawn / Cancelled CRMLS #SB24141613	$1,750,000	—
Dec 27, 2024	Withdrawn / Cancelled CLAW #SB24141613MR		—
Jul 11, 2024	Listed (Active) CRMLS #SB24141613	$1,750,000	—
Jul 9, 2024	Listed (Active) CLAW #SB24141613MR	$1,750,000	—
Oct 15, 2023	Expired CRMLS #SB23054443	$1,750,000	—
Oct 14, 2023	Expired CLAW #SB23054443MR	$1,750,000	—
Aug 17, 2023	Withdrawn / Cancelled CRMLS #SB23054443		—
Aug 17, 2023	Withdrawn / Cancelled CLAW #SB23054443MR		—
Apr 3, 2023	Listed (Active) CRMLS #SB23054443	$1,750,000	—
Mar 15, 2023	Listed (Active) CLAW #SB23054443MR	$1,750,000	—
Jul 26, 2019	Sold SDMLS #OC19014256	$1,215,000	—
Jul 26, 2019	Sold CLAW #OC19014256MR	$1,215,000	—
Jul 26, 2019	Sold CRMLS #OC19014256	$1,215,000	—
Jul 16, 2019	Pending CLAW #OC19014256MR		—
Jul 16, 2019	Pending CRMLS #OC19014256		—
May 22, 2019	Sold (Public Record) Public Record #649135986	$1,200,000	+13.9% / yr
Jan 16, 2019	Listed (Active) CRMLS #OC19014256	$1,225,000	—
Jan 16, 2019	Listed (Active) SDMLS #OC19014256	$1,225,000	—
Jan 16, 2019	Listed (Active) CLAW #OC19014256MR	$1,225,000	—
Apr 17, 2018	Withdrawn / Cancelled CRMLS #OC18060380	$1,249,000	—
Apr 17, 2018	Withdrawn / Cancelled CLAW #OC18060380MR		—
Apr 17, 2018	Withdrawn / Cancelled SDMLS #OC18060380		—
Mar 15, 2018	Listed (Active) CLAW #OC18060380MR	$1,249,000	—
Mar 15, 2018	Listed (Active) SDMLS #OC18060380	$1,249,000	—
Mar 15, 2018	Listed (Active) CRMLS #OC18060380	$1,249,000	—
Jul 5, 2017	Sold (Public Record) Public Record #600242923	$940,000	+10.5% / yr
Dec 6, 2013	Sold CRMLS #PW13119947	$655,000	—
Dec 6, 2013	Sold CLAW #PW13119947MR	$655,000	—
Nov 25, 2013	Sold (Public Record) Public Record #377768940	$655,000	+3.7% / yr
Oct 2, 2013	Pending CLAW #PW13119947MR		—
Oct 2, 2013	Pending CRMLS #PW13119947		—
Jun 21, 2013	Listed (Active) CLAW #PW13119947MR	$679,000	—
Jun 21, 2013	Listed (Active) CRMLS #PW13119947	$679,000	—
Jan 7, 2013	Expired CRMLS #P436242	$735,000	—
Jan 5, 2013	Expired CRMLS #R54847	$795,000	—
Dec 31, 2005	Expired CLAW #R54847MR		—
Aug 1, 2005	Listed (Active) CRMLS #R54847	$795,000	—
Aug 1, 2005	Listed (Active) CRMLS #CC227786	$795,000	—
Aug 1, 2005	Listed (Active) CLAW #R54847MR	$795,000	—
Jul 12, 2005	Expired CLAW #P436242MR		—
Feb 11, 2005	Listed (Active) CRMLS #P436242	$735,000	—
Feb 11, 2005	Listed (Active) CRMLS #CC216883	$735,000	—
Feb 11, 2005	Listed (Active) CLAW #P436242MR	$735,000	—
Mar 18, 2004	Sold (Public Record) Public Record #131200878	$461,000	—
Mar 18, 2004	Sold CRMLS #CC213994	$490,000	—
Mar 18, 2004	Sold CRMLS #P365929	$490,000	—
Mar 18, 2004	Sold CLAW #P365929MR	$490,000	—
Oct 21, 2003	Pending CRMLS #P365929		—
Oct 21, 2003	Pending CLAW #P365929MR		—
Oct 19, 2003	Listed (Active) CRMLS #CC213994	$499,000	—
Oct 19, 2003	Listed (Active) CLAW #P365929MR	$499,000	—
Oct 19, 2003	Listed (Active) CRMLS #P365929	$499,000	—

Date	Event & Source	Price
05/09/2025	Sold CLAW #NP25011374MR	$1,320,000
05/09/2025	Sold CRMLS #NP25011374	$1,320,000
05/09/2025	Sold SDMLS #NP25011374	$1,320,000
04/23/2025	Pending CRMLS #NP25011374	—
03/21/2025	Sold (Public Record) Public Record #1557315690	$1,320,000 +1.6% / yr
03/20/2025	Pending CLAW #NP25011374MR	—
03/20/2025	Pending SDMLS #NP25011374	—
03/20/2025	Accepting Backup Offers CLAW #NP25011374MR	—
03/20/2025	Accepting Backup Offers CRMLS #NP25011374	—
03/14/2025	Price Change CLAW #NP25011374MR	$1,425,000
03/14/2025	Price Change CRMLS #NP25011374	$1,425,000
01/20/2025	Listed (Active) CRMLS #NP25011374	$1,525,000
01/01/2025	Expired CRMLS #SB24141613	—
01/01/2025	Listed (Active) SDMLS #NP25011374	$1,525,000
01/01/2025	Listed (Active) CLAW #NP25011374MR	$1,525,000
12/31/2024	Expired CLAW #SB24141613MR	$1,750,000
12/27/2024	Withdrawn / Cancelled CRMLS #SB24141613	$1,750,000
12/27/2024	Withdrawn / Cancelled CLAW #SB24141613MR	—
07/11/2024	Listed (Active) CRMLS #SB24141613	$1,750,000
07/09/2024	Listed (Active) CLAW #SB24141613MR	$1,750,000
10/15/2023	Expired CRMLS #SB23054443	$1,750,000
10/14/2023	Expired CLAW #SB23054443MR	$1,750,000
08/17/2023	Withdrawn / Cancelled CRMLS #SB23054443	—
08/17/2023	Withdrawn / Cancelled CLAW #SB23054443MR	—
04/03/2023	Listed (Active) CRMLS #SB23054443	$1,750,000
03/15/2023	Listed (Active) CLAW #SB23054443MR	$1,750,000
07/26/2019	Sold SDMLS #OC19014256	$1,215,000
07/26/2019	Sold CLAW #OC19014256MR	$1,215,000
07/26/2019	Sold CRMLS #OC19014256	$1,215,000
07/16/2019	Pending CLAW #OC19014256MR	—
07/16/2019	Pending CRMLS #OC19014256	—
05/22/2019	Sold (Public Record) Public Record #649135986	$1,200,000 +13.9% / yr
01/16/2019	Listed (Active) CRMLS #OC19014256	$1,225,000
01/16/2019	Listed (Active) SDMLS #OC19014256	$1,225,000
01/16/2019	Listed (Active) CLAW #OC19014256MR	$1,225,000
04/17/2018	Withdrawn / Cancelled CRMLS #OC18060380	$1,249,000
04/17/2018	Withdrawn / Cancelled CLAW #OC18060380MR	—
04/17/2018	Withdrawn / Cancelled SDMLS #OC18060380	—
03/15/2018	Listed (Active) CLAW #OC18060380MR	$1,249,000
03/15/2018	Listed (Active) SDMLS #OC18060380	$1,249,000
03/15/2018	Listed (Active) CRMLS #OC18060380	$1,249,000
07/05/2017	Sold (Public Record) Public Record #600242923	$940,000 +10.5% / yr
12/06/2013	Sold CRMLS #PW13119947	$655,000
12/06/2013	Sold CLAW #PW13119947MR	$655,000
11/25/2013	Sold (Public Record) Public Record #377768940	$655,000 +3.7% / yr
10/02/2013	Pending CLAW #PW13119947MR	—
10/02/2013	Pending CRMLS #PW13119947	—
06/21/2013	Listed (Active) CLAW #PW13119947MR	$679,000
06/21/2013	Listed (Active) CRMLS #PW13119947	$679,000
01/07/2013	Expired CRMLS #P436242	$735,000
01/05/2013	Expired CRMLS #R54847	$795,000
12/31/2005	Expired CLAW #R54847MR	—
08/01/2005	Listed (Active) CRMLS #R54847	$795,000
08/01/2005	Listed (Active) CRMLS #CC227786	$795,000
08/01/2005	Listed (Active) CLAW #R54847MR	$795,000
07/12/2005	Expired CLAW #P436242MR	—
02/11/2005	Listed (Active) CRMLS #P436242	$735,000
02/11/2005	Listed (Active) CRMLS #CC216883	$735,000
02/11/2005	Listed (Active) CLAW #P436242MR	$735,000
03/18/2004	Sold (Public Record) Public Record #131200878	$461,000
03/18/2004	Sold CRMLS #CC213994	$490,000
03/18/2004	Sold CRMLS #P365929	$490,000
03/18/2004	Sold CLAW #P365929MR	$490,000
10/21/2003	Pending CRMLS #P365929	—
10/21/2003	Pending CLAW #P365929MR	—
10/19/2003	Listed (Active) CRMLS #CC213994	$499,000
10/19/2003	Listed (Active) CLAW #P365929MR	$499,000
10/19/2003	Listed (Active) CRMLS #P365929	$499,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1715 Cherry Avenue

Taxable ValueLand$807,257Additions$645,830Total$1,453,087

Tax Record2025$19,760 ($1,647 / month)

Home Facts

Total Finished SqFt3,426 SqFtAbove Grade Finished SqFt3,426 SqFtLot Size8,238 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLBCNRCountyLOS ANGELESAPN7261-005-008

Schools near 1715 Cherry Avenue

This home is within Long Beach Unified School District.


Rating	School	Type	Grades	Distance
4/10	Whittier Elementary School	Public - Serves this home	K to 5	0.3 mi
5/10	Franklin Classical Middle School	Public - Serves this home	6 to 8	1.2 mi
7/10	Polytechnic High School	Public - Serves this home	9 to 12	1.0 mi
NR	Clear Passage Educational Center	Charter - Choice school	9 to 12	0.8 mi
4/10	Richard D. Browning High	Public - Nearby school	9 to 12	1.0 mi
7/10	Renaissance High School For The Arts	Public - Choice school	9 to 12	1.5 mi
NR	Huntington Academy	Private - Nearby school	K to 5	0.3 mi


Rating	School	Distance
4/10	Whittier Elementary School PublicK to 5 Serves this home	0.3 mi
5/10	Franklin Classical Middle School Public6 to 8 Serves this home	1.2 mi
7/10	Polytechnic High School Public9 to 12 Serves this home	1.0 mi
NR	Clear Passage Educational Center Charter9 to 12 Choice school	0.8 mi
4/10	Richard D. Browning High Public9 to 12 Nearby school	1.0 mi
7/10	Renaissance High School For The Arts Public9 to 12 Choice school	1.5 mi
NR	Huntington Academy PrivateK to 5 Nearby school	0.3 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Aspen Labrador, DRE #02146663; Compass, Kacey Taormina, DRE #01920673

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

1715 Cherry AveLong Beach, CA 90813

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1715 Cherry Ave
Long Beach, CA 90813