1724 Cherry Ave, Long Beach, CA 90813
OFF MARKET
Listed by Anthony Walker, Buckingham Investments, Inc, (310) 982-7055 . Bought with None MRML

1724 Cherry Ave
Long Beach, CA 90813

Zaferia
  • 12 Beds
  • 8 Baths
  • 5,540 sqft
12 Beds
8 Baths
5,540 sqft

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

Price just reduced!! Just short of a 6 Cap rate now. This totally remodeled turnkey 8 unit Spanish Style property is in a high demand rental area of Long Beach just South of PCH. Great unit mix with (4) 2 Bed 1 Bath units and (4) 1 Bed 1 Bath units, and 100% of the unit interiors have been upgraded including cabinets, counters, flooring, paint, lighting, and bathrooms. One double garage and (3) single garages with additional storage create a great opportunity for a future ADU build. There is an attractive garden courtyard area for tenants' enjoyment, creating peaceful entries and common areas. Conveniently located for tenants at just 1 mile to the beach, 1 miles to the 405, and just over 2 miles to the 110. An onsite laundry room exists with hookups, but no machines or leases are in place. (4) of the units include in unit laundry. Major electrical panel upgrades were completed in 2021. Building is retrofitted and anchor bolted for earthquakes. Priced at a competitive GRM in the high 10's (10.96) and a Cap Rate just shy of 6% (5.8%), with strong yield allowing good leverage (~65% LTV) with interest only loans available at 5.8%.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from January 14, 2025

Home Highlights

Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 1724 Cherry Ave

Interior Features

Beds & Baths
Number of Bedrooms: 12Number of Bathrooms: 8
Appliances & Utilities
Laundry: Common Area,Inside,Laundry Closet
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: Front

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageNo Attached GarageParking Spaces: 5Parking: Garage,Storage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 53

Property Information

Year Built
Year Built: 1928
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 7261006022

Price & Status

Price
List Price: $2,175,000
Status Change & Dates
Off Market Date: Mon Sep 30 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Long BeachCommunity: Poly High (Ph)

Building

Building Area
Building Area: 5540 Square Feet

Community

Community Features: SuburbanNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 8502 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash to New Loan, 1031 Exchange

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: SB24164233Living Area Range Units: Square FeetAttribution Contact: 310-561-4776Common Interest: NoneUniversal Property Id: US-06037-N-7261006022-R-N

Additional Information

Suburban
Last check for updates: about 3 hours ago
Listed by Anthony Walker DRE #01908153, (310) 561-4776
Buckingham Investments, Inc
Josh Ess DRE #02035659, (310) 982-7055
Buckingham Investments, Inc
Bought with: NONE NONE DRE #N/A, None MRML
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB24164233

Price History for 1724 Cherry Ave

DatePriceEventSource
12/20/2024$2,125,000Sold
CRMLS #SB24164233
11/06/2024$2,175,000PendingCRMLS #SB24164233
09/11/2024$2,175,000PriceChange
CRMLS #SB24164233
09/09/2024$2,225,000Listed For SaleCRMLS #SB24164233
11/25/2020$1,775,000Sold
N/A
06/27/2014$870,000Sold
N/A
04/13/2010$765,000Sold
N/A
12/21/2001$316,000Sold
N/A
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Property Tax and Assessment

Year2025
Tax$28,667
Assessment$2,125,000
Home facts updated by county records

Comparable Sales for 1724 Cherry Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1712 Cherry Ave, Long Beach, CA
0.02
Multi-Family Home
$1,575,000
06/18/25
10
7
4,122
2408 E 17th St, Long Beach, CA
0.25
Multi-Family Home
$1,470,000
03/27/26
12
8
5,022
1881 Molino Ave, Signal Hill, CA
0.38
Multi-Family Home
$1,875,000
02/27/26
9
6
5,548
1600 Junipero Ave, Long Beach, CA
0.26
Multi-Family Home
$1,500,000
12/31/25
12
4
4,266
1332 Walnut Ave, Long Beach, CA
0.44
Multi-Family Home
$2,149,000
11/14/25
17
9
6,892
1335 Stanley Ave, Long Beach, CA
0.46
Multi-Family Home
$2,030,000
12/19/25
18
10
6,810
2422 E 11th St, Long Beach, CA
0.61
Multi-Family Home
$2,240,000
06/16/25
16
8
5,848
1545 Obispo Ave, Long Beach, CA
0.72
Multi-Family Home
$2,200,000
05/19/26
16
8
5,328
2720 E Wall St, Signal Hill, CA
0.44
Multi-Family Home
$1,000,000
12/22/25
10
6
4,149
1124 Dawson Ave, Long Beach, CA
0.52
Multi-Family Home
$1,650,000
06/04/25
9
6
3,940

Nearby homes

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Assigned Schools

These are the assigned schools for 1724 Cherry Ave.
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Neighborhood Overview

Zaferia
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Zaferia

At least 1 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say there are community events

  • 100 % Say there's holiday spirit

  • 100 % Say yards are well-kept

  • 100 % Say it's dog friendly

  • 100 % Say car is needed

  • 100 % Say it's walkable to grocery stores

  • 50 % Say it's walkable to restaurants

  • 50 % Say streets are well-lit

  • 50 % Say kids play outside

Sourced by Trulia users. Learn more about our methodology.
  • Katelyn Gaines
    "On the plus side, where I live is close to schools and parks. n the negative side, parking is absolutely terrible. "
    5
    Flag
  • Trulia User
    "There are lots of families, lots of dogs and cats, lots of people taking care of their homes. It’s a nice neighborhood to live in."
    1
    Flag
  • Trulia User
    "very easy commute highways and public transportation readily available. Traffic flow in this area is not very heavy. Various stores and shopping easily accessible for any type of commute "
    0
    Flag
  • Xjanikadx
    "There are often too many dog owner who feel it’s ok to allow small dogs to roam without a leash. Big or small all dogs should have a leash if in this area. And please pick up dog poop."
    3
    Flag
  • S Y.
    "I enjoy this neighborhood. It’s not my first choice but its diverse, very centrally located with easy access to all parts of lb and freeways. I wish people could figure out the traffic circle it’s not that hard .. and we need more greenspace ( and a dog park at plaza zaferia). Other than that no complaints "
    24
    Flag
  • Dianalh1215
    "People leave big trash in front of there homes for long periods of time instead of calling the trash company "
    3
    Flag
  • Jaime L.
    "nothing special, people don't get together, people don't pick up after their dogs, and you can see people drinking and smoking at the park while kids play in the playground. there's no sense of pride and respect for the neighborhood. there are people doing nothing at the park all the time."
    7
    Flag
  • Jaime L.
    "it has s really nice little park that is regularly well maintained, but there are a lot of noisy and people who smoke pot in the park while there are kids present. people also don't respect by not picking up after their dogs."
    8
    Flag
  • Ruth C.
    "Halloween and Christmas season are my favorite community events. Blocks get closed down for trick or treating during Halloween and Christmas lights show during Christmas."
    0
    Flag
  • neighbor
    "its a pet friendly neighborhood, we even have street cats that don't seem to bother anyone. 1 cat actually comes over to protect my birds when we take them outside. "
    7
    Flag
  • Pechrenya_hul
    "I live in an environment full of life... I'm in the zaferia district, right across from the park. decent playground and skate park. "
    8
    Flag
  • Destinymontau
    "Very affordable! Close to everything in Long Beach! Downside is street parking is rough. I would recommend getting a place that at least has one parking space. "
    4
    Flag
  • Thefairbianca
    "It is overcrowded and parking is scarce. I do not feel safe outside at night here, and have been followed by cars while out for a run during the day. "
    27
    Flag

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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. Properties may or may not be listed by the office/agent presenting the information

Homes for rent near 1724 Cherry Ave

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1724 Cherry Ave, Long Beach, CA 90813 is a 12 bedroom, 8 bathroom, 5,540 sqft multi-family built in 1928. 1724 Cherry Ave is located in Zaferia, Long Beach. This property is not currently available for sale. 1724 Cherry Ave was last sold on Dec 20, 2024 for $2,125,000 (2% lower than the asking price of $2,175,000).