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1100 Cherry Avenue, Long Beach, CA 90813

Property

For sale now

1100 Cherry Avenue is on the market at $1,100,000 (9 bd · 6 ba · 4,188 sqft). See the current listing →

1100 Cherry Avenue, Long Beach, CA 90813 Sold September 2013 CRMLS
$650,000Sold September 2013

Listing Agent: John Levis (DRE #01886278) · Listing Office: CBRE, INC. · Contact: 310-363-4900 · Bought with: Out of Area South Bay · SOUTH BAY AOR · MLS #SB13155526 · Source: CRMLS

5,715 sqft
Lot Size
1924
Year Built
Property
Type
2
Stories
0
Garage

How this sale compares

1100 Cherry Avenue sold for $650,000 in September 2013, 10% under its $725,000 list price, after 57 days on the market. Across 82 closed sales in 90813 over the last 12 months, the median sold price is $720,000 and the median is $491 per square foot.

$491
90813 median per sq ft (12 mo)
$720,000
90813 median sold price (12 mo)
82
Closed sales in 90813 (12 mo)
57
Days on market
−10%
Sold vs. list price
QuarterClosed sales in 90813Median sold price
Q1 20269$610,000
Q2 202638$750,000
Q3 202635$710,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Long Beach · Homes for sale in 90813

About this property

An excellent unit mix of one 4 bedroom, one 3 bedroom, one 2 bedroom, and one 1 bedroom units there has been and will be very little turn over. The offering presents the investor the unique opportunity to increase rents on a fully upgraded building. The units are large as the price per foot is low, even with under market rents. With interest rates still at historic lows, the buyer has the rare chance to lock in a 30 year fixed rate mortgage with a sub 4% interest rate. This allows for better cash flow and puts the new owner in the position for a great long term hold. The four unit apartment building sits on 5,715 square feet of land and is comprised of 2 separate buildings. Just a short distance away from the 710 and 405 freeways commuting for tenants is a breeze. From the building, tenants have the option to walk to banks, retail, restaurants, as well as public transportation.

Listing description from the September 2013 sale, as reported to CRMLS.

Sale history

$650,000
Sold September 2013 · listed $725,000, on market August 2013, 57 days on market · MLS #SB13155526 · Source: CRMLS
Listing Agent: John Levis · Listing Office: CBRE, INC. · Contact: 310-363-4900 · Bought with: Out of Area South Bay · SOUTH BAY AOR

Recent sales near 1100 Cherry Avenue

MLS-reported closed sales in 90813, nearest first (last 12 months). All recent sales in Long Beach →

Questions about 1100 Cherry Avenue

When did 1100 Cherry Avenue last sell?

1100 Cherry Avenue last sold in September 2013 for $650,000, according to CRMLS-reported closed sales.

What did 1100 Cherry Avenue sell for?

$650,000, 10% below the $725,000 list price, after 57 days on the market.

How does that compare to other Long Beach sales?

82 homes closed in ZIP 90813 over the last 12 months at a median of $720,000 ($491 per square foot).

Is 1100 Cherry Avenue for sale now?

Yes — 1100 Cherry Avenue is currently on the market at $1,100,000. Open the current listing on Nalren for photos, details and the listing agent.

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