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547 CHERRY Ave #4, Long Beach, CA 90802
Listing courtesy of: Dick Seifert, ReMax Real Estate One
For Sale (MLS-listed)
$988,000

547 CHERRY Ave #4 Long Beach, CA 90802

Beds: 9
Baths: 5
Sq. Ft.: 4,318
$/Sq. Ft.: $229
Lot Size: 6,499 Sq. Ft.
Property Type:Multi-Family
Style:Modern
Year Built: 1967
Community: Downtown Area/Alamitos Beach
County: Los Angeles
MLS#: P586464
Source: SoCalMLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 881 days
Just blks fm the BEACH, nr downtown/shops, Blue Line to LA, thn Red to Union Station. 4318sq ft, lot6,499. Large 3bd, 2bath owners unit in front with fenced yard and 5 enclosed garages. 3 2bdrm units( 2of them townhouse 2story type) laundry room. Meticulous care by owner occupier for 4 years. Recently painted exterior, new blockwall fence, resurfaced driveway, etc.

Laundry Information

  • Laundry Equipment Leased

Parking Information

  • # of Garage Spaces: 5
  • # of Parking Spaces (Total): 6
  • # of Other Spaces: 1

Property Features

  • Entry Slope Less Than 1 Ft.
  • ADA Compliant

Unit 2 Information

  • Number: 1
  • # of Beds: 2
  • # of Baths: 0.5
  • Unfurnished
  • Monthly Rent: $1,300
  • Monthly Rent (Total): $1,300

Lot Information

  • Lot Size (Sq. Ft.): 6,499
  • Lot Size Source: Public Records

Financial Information

  • Capitalization Rate (%): 4.69
  • Net Operating Income: $46,380
  • Monthly Gross Income: $4,898
  • Actual Gross Annual Income: $59,176
  • Gross Scheduled Income: $65,200
  • Other Income #2: $400
  • Actual Annual Gross Rent: $58,776
  • Gross Rent Multiplier: 15.15
  • No Private Transfer Taxes

Heating & Cooling

  • Water Heaters

Building Information

  • Ground Level Entry (No Steps)
  • Other Exterior (See Remarks)
  • Builders Tract Name: Unknown
  • Builders Tract Code: OTHR

Multi-Family Information

  • # of Buildings: 2
  • # of Electric Meters: 5
  • # of Water Meters: 1

Unit 3 Information

  • Number: 1
  • # of Beds: 2
  • # of Baths: 1.5
  • Unfurnished
  • Monthly Rent: $1,250
  • Monthly Rent (Total): $1,250

Location Information

  • Cross Streets: Cherry/7th
  • Driving Directions: 4th/cherry
  • Tax Area: 5500
  • Legal Tract #: 1758
  • Legal Lot #: 1

Expense Information

  • Electric: $1,200
  • Insurance: $900
  • Operating: $17,820
  • Other: $100
  • Tax: $12,000
  • Water: $2,040

Utility Information

  • Sewer In, Connected & Paid

Community Features

  • Units in Complex (Total): 4

Unit 1 Information

  • Number: 1
  • # of Beds: 3
  • # of Baths: 2
  • Unfurnished
  • Monthly Rent: $1,600
  • Monthly Rent (Total): $1,600

Unit 4 Information

  • Number: 1
  • # of Beds: 2
  • # of Baths: 1
  • Unfurnished
  • Monthly Rent: $1,200
  • Monthly Rent (Total): $1,200

Property Information

  • Land Lease Type: Fee
  • Square Footage Source: Public Records
  • Tax Parcel Number: 7266024001

Listing Information

  • MLS: SoCalMLS
  • Listing Terms: Cash To New Loan

Listing last changed

August 13, 2009, 10:11 AM

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Property History for 547 CHERRY Ave #4

Date Event Price Appreciation Source
Mar 27, 2009 Price Changed $988,000 -- SoCalMLS #P586464
Nov 16, 2008 Price Changed $998,000 -- SoCalMLS #P586464
Jun 30, 2007 Listed $1,180,000 -- SoCalMLS #P586464

Public Facts for 547 CHERRY Ave #4

Beds: 4
Baths: 6.0
Finished Sqft: 4318
Unfinished Sqft: -
Total Sqft: 4318
Floors: -
Lot Size: 6,499
Style: Multi-Family (2-4 Unit)
Year Built: 1967
Year Renovated: -
County: Los Angeles County
APN: 7266024001
Last Updated: November 18, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $104,137
Additions $234,023
Total $338,160
Tax (2008) $4,004

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