Listed by Mike Marcu, Mike Marcu, Broker, (909) 371-1322 . Bought with Mike Marcu, Broker
6501 Cherry Ave
Long Beach, CA 90805
North Long Beach- 22 Beds
- 16 Baths
- 11,391 sqft (on 0.25 acres)
22 Beds
16 Baths
11,391 sqft
(on 0.25 acres)
Local Information
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Description
Offering a strong current capitalization rate of 5.18% at the asking price this property lines up well with todays interest rates. Featuring 10 one bedroom and 6 two bedroom apartment units, this 16 unit building in Long Beach is situated in the middle of a dynamic area. Recent favorable zoning changes, in the 90805 zip code, the city of Long Beach has set the stage for substantial developements over the next 5 to 10 years. Paving the way for strong local job growth. In addition, the property is within the shere of influence of the Ports of Long Beach and Los Angeles. The building is clean and offers rental upside.
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 October 14, 2023
Home Highlights
Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 6501 Cherry Ave
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Beds & Baths Number of Bedrooms: 22Number of Bathrooms: 16 |
Appliances & Utilities Laundry: Common Area |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 5Number of Carport Spaces: 5Number of Covered Spaces: 10Has a CarportHas a GarageNo Attached GarageParking Spaces: 10Parking: Assigned |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Sewer Tap Paid |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 257 |
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Year Built Year Built: 1961 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7114006051 |
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Price List Price: $3,975,000 |
Status Change & Dates Off Market Date: Wed Jul 26 2023 |
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MLS Status: Closed |
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Direction & Address City: Long BeachCommunity: North Long Beach (Nlb) |
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Building Area Building Area: 11391 Square Feet |
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Community Features: UrbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 0.25 acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan |
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Expense Tenant Pays: Electricity, Gas |
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No Rent Control |
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Mls Number: OC22239480Living Area Range Units: Square FeetCommon Interest: Community ApartmentUniversal Property Id: US-06037-N-7114006051-R-N |
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Urban |
Last check for updates: about 6 hours ago
Listed by Mike Marcu DRE #00919594, (949) 688-1224
Mike Marcu, Broker
Bought with: Mike Marcu DRE #00919594, (949) 688-1224, Mike Marcu, Broker
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC22239480

Price History for 6501 Cherry Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 10/13/2023 | $3,400,000 | Sold | CRMLS #OC22239480 |
| 07/26/2023 | $3,975,000 | Pending | CRMLS #OC22239480 |
| 06/09/2023 | $3,975,000 | Listed For Sale | CRMLS #OC22239480 |
| 12/13/2018 | $3,745,000 | ListingRemoved | Agent Provided |
| 10/16/2018 | $3,745,000 | PriceChange | Agent Provided |
| 08/07/2018 | $3,795,000 | PriceChange | Agent Provided |
| 06/12/2018 | $3,860,000 | Listed For Sale | Agent Provided |
Comparable Sales for 6501 Cherry Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.01 | Multi-Family Home | $2,735,375 | 10/20/25 | 16 | 16 | 10,212 | |
1.03 | Multi-Family Home | $2,735,375 | 10/20/25 | 16 | 16 | 10,194 | |
1.01 | Multi-Family Home | $2,779,812 | 10/20/25 | 16 | 16 | 10,310 | |
1.03 | Multi-Family Home | $2,735,375 | 10/20/25 | 16 | 16 | 10,310 | |
0.92 | Multi-Family Home | $2,250,000 | 04/29/26 | 16 | 10 | 7,034 | |
1.06 | Multi-Family Home | $4,345,000 | 05/15/26 | 36 | 32 | 15,632 | |
1.07 | Multi-Family Home | $4,596,812 | 10/20/25 | 30 | 26 | 17,520 | |
0.53 | Multi-Family Home | $1,222,500 | 10/29/25 | 8 | 8 | 4,248 | |
1.22 | Multi-Family Home | $2,125,000 | 07/08/25 | 14 | 11 | 7,503 | |
0.76 | Multi-Family Home | $1,300,000 | 01/14/26 | 8 | 8 | 4,248 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 6501 Cherry Ave.
What Locals Say about North Long Beach
At least 729 Trulia users voted on each feature.
91 % Say there are sidewalks
77 % Say car is needed
77 % Say it's dog friendly
71 % Say yards are well-kept
66 % Say there's holiday spirit
62 % Say streets are well-lit
58 % Say it's walkable to grocery stores
56 % Say kids play outside
53 % Say it's walkable to restaurants
49 % Say neighbors are friendly
47 % Say they plan to stay for at least 5 years
43 % Say it's quiet
40 % Say people would walk alone at night
38 % Say there's wildlife
35 % Say parking is easy
24 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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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
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 6501 Cherry Ave
6501 Cherry Ave, Long Beach, CA 90805 is a 22 bedroom, 16 bathroom, 11,391 sqft multi-family built in 1961. 6501 Cherry Ave is located in North Long Beach, Long Beach. This property is not currently available for sale. 6501 Cherry Ave was last sold on Oct 13, 2023 for $3,400,000 (14% lower than the asking price of $3,975,000). The current Trulia Estimate for 6501 Cherry Ave is $1,963,600.