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$990,000   Price Analysis
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3617 Cherry Ave
Long Beach, CA 90807
3 bed 2 bath 1,310 SqFt ($755/SqFt)
5,424SqFt lot. Built 1945
Listed 2023-11-05, Taxes $8,267
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Turnkey Duplex 3617 and 3619 Cherry Avenue Located in Historical California Heights!!

* Sale Pending *

This property has been cmpletely remodeled and upgraded, see pictures and supplements for remodel building plans. (1) 2 Bedroom, 1 Bath unit and (1) 1 Bedroom, 1 Bat unit. The units feature upgraded kitchens and bathrooms, wood flooring, recessed lighting, double pane windows, concrete patio and parking areas, new roof and more. Each unit has its own patio area and garage.

Detached garage structure also includes laundry room. Seller has not increased rents in years. substantial potential to increase income. Close to transportation, numerous nearby employment opportunities and amenities such as, shopping centers, dining hot spots, breweries, parks, golf courses, schools and transportation . There is also the potential for converting the rear garage into an ADU to further maximize the property's full income potential.


Presented by Scot Campbell at
CAMPBELL REALTORS.
Listing Agent Photo

Property MLS #OC23205705 from CRMLS

Bedrooms: 3

Open Floorplan
Recessed Lighting
Flooring: Wood
Window Features: Double Pane Windows

Appliances: Dishwasher, Disposal, Gas Range, Microwave
Appliances YN: Yes
Laundry Features: Community, Individual Room

All Bedrooms Down

Full Bathrooms: 2

Heating Features: Natural Gas
Heating: Yes

Fencing: Fence YN: Yes, Fencing: Wood
Road Frontage Type: City Street

Lot Description: Sprinklers In Front
Lot Size Acres: 0.1245179
Lot Size Source: Assessor
Lot Size Square Feet: 5424

Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Garage
Parking Total: 3

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Gardener Expense: 600.00

Number of Units Leased: 2
Tenant Pays: Electricity, Gas
Rent Control: Yes

Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Source Listing Status: Pending
County: Los Angeles
Cap Rate: 2.85
Source Property Type: Residential Income
Insurance Expense: 1800.00
Area: 6 - Bixby, Bixby Knolls, Los Cerritos
Source Neighborhood: Other (OTHR)
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Parcel Number: 7147009011
Postal Code Plus 4: 4301
Subdivision: Other (OTHR)
Zoning: LBR1N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$262,473 + $393,710
$656,183
$8,267
2021$257,327 + $385,991
$643,318
$8,106
2020$254,689 + $382,034
$636,723
$8,085
2019$249,696 + $374,544
$624,240
$7,991
2018$244,800 + $367,200
$612,000
$7,711
2017$192,780 + $306,000
$498,780
$6,396
2016$189,000 + $300,000
$489,000
$5,950
2015$70,000 + $280,000
$350,000
$4,230
2014$20,177 + $29,974
$50,151
$876
2013$20,086 + $29,839
$49,925
$854
2012$19,693 + $29,254
$48,947
$861
2010$19,307 + $28,681
$47,988
$745
2009$19,209 + $28,535
$47,744
$725
2009$19,163 + $28,467
$47,630
$725
2008$18,833 + $27,976
$46,809
$678
2007$18,464 + $27,428
$45,892
$646

Listed 2023-11-05
$990,000
CRMLS
Sold 2017-04-12
$500,000
Public Record
Sold 2015-11-20
$489,000
Public Record
Listing removed 2015-09-01
$559,900
CRMLS
Listed 2015-05-29
$559,900
CRMLS
Listing removed 2015-05-27
$569,900
CRMLS
Price Changed 2015-04-19
$569,900
CRMLS
Listed 2015-03-18
$574,900
CRMLS
Sold 2014-08-19
$350,000
Public Record
Listing removed 2014-08-06
$399,000
CRMLS
Listed 2014-07-18
$399,000
CRMLS

Net Operating Income: 28200.00

Total Square Feet Living: 1310
Year Built: 1945
Building Features: 2
Common Walls: No Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: 1
Foundation Details: Raised
Property Age: 79
Property Condition: Turnkey, Updated/Remodeled
Roof: Composition
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
House Style: Traditional
Year Built Source: Assessor

No Interior Steps

Sewer: Sewer: Public Sewer, Water Sewer Expense: 1500.00
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Water Source: Public

Hughes Middle School is a public middle school located approximately 0.8 miles away.
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Longfellow Elementary School is a public elementary school located approximately 0.8 miles away.
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Polytechnic High School is a public high school located approximately 2.7 miles away.
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St. Barnabas Elementary School is a private elementary and middle school located approximately 0.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.