SOLD 04/10/2024
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Commercial sold for $3,800,000 in 135 days
101 Cherry Ave Long Beach, CA, 90802
Off the market Other
Park Side West Garden Apartments is a 17-unit multifamily investment property located at 101 - 107 Cherry Avenue in Long Beach, CA. Park Side West offers an attractive mix of studio and one-bedroom floor plans and amenities including private balconies (select units) and storage lockers. Units feature a mix of tile and carpet flooring, as well as granite countertops, tile backsplashes, and walk-in closets. Park Side West benefits from its unparalleled Alamitos Beach location, adjacent to Bixby Park and a short walk to popular local beaches. The property is just 0.40 miles from Retro Row, providing residents with easy access to some of Long Beach’s most unique and vibrant shops and restaurants. Additionally, residents enjoy Park Side West’s close proximity to Downtown Long Beach, the city’s cultural and financial hub. Furthermore, the property is just over 1.50 miles from the abundance of retail, dining, and entertainment options at Belmont Shore’s 2nd Street. The property’s ideal Long Beach location surrounded by neighborhoods offering a wide variety of outdoor activities as well as employment, transportation, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and su
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Property details
12,980 sqft interior area
Land area
10,018 sqft (0.23 acres)
Address
101 Cherry Ave, Long Beach, CA, 90802
City of California
Long Beach
County
Los Angeles
Year Built
1948
District
Listing
Nearby major retailers
Costco
Lowe's
Whole Foods Market
Trader Joe's
T-Mobile
Mercedes-Benz
Toyota
Walmart Supercenter
Wholesale: 1
Do it yourself: 1
Supermarket: 5
Mobile phone: 2
Car: 1
Car repair: 1
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Listed by
Tyler Leeson, Marcus & Millichap RE Invest
Name
Tyler Leeson
License number
01451551
Brokerage company
Marcus & Millichap RE Invest
MLS #
CROC23217739
Buyer agent
Name
Tyler Leeson
Brokerage company
Marcus & Millichap RE Invest
Payment calculator
Calculate your monthly payments
Mortgage
$11,667
Taxes
$0
HOA dues
$0
Mortgage
$760,000 / 20%
2.28%
30 years
Your amount
$11,667 / month
Lot details
TMK #7265020015
Lot Description
Level
Parcel nr.
7265020015
90802 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
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no data
People living in 90802
43%
Families with children
National average: 39%
51%
Non family households
286,204
Population
$83,536
Average Income
Age & gender
Median age 36 years
More info
Commute types
80% commute by car
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Education level
21% have bachelor education
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Number of employees
3% work in education and healthcare
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Vehicles available
48% have 1 vehicle
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Vehicles by gender
48% have 1 vehicle
More info
Housing market insights for
$1.01m
Neighborhood average
sales price*
sales price*
$707.5k
Neighborhood median
sales price*
sales price*
549
Number
of sales*
of sales*
Housing type
33% are small apartments
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Rooms
39% of the houses have 4 or 5 rooms
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Bedrooms
47% have 2 or 3 bedrooms
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Owners vs Renters
71% are renters
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10.17 / 20
Below Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 10, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 10, 2024 | Sold | $3,800,000 | 0 | Public Record |
| Apr 10, 2024 | Price Decrease | $3,800,000 -10.59% | 0 | MLS #CROC23217739 |
| Mar 13, 2024 | Pending | $4,250,000 | 0 | MLS #CROC23217739 |
| Feb 28, 2024 | Under contract | $4,250,000 | 0 | MLS #CROC23217739 |
| Nov 28, 2023 | New Listing | $4,250,000 | 0 | MLS #CROC23217739 |
Taxes of 101 Cherry Ave, Long Beach, CA, 90802
LBR4 zoning / MLS #CROC23217739
Zoning
LBR4
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Frequently Asked Questions about 101 Cherry Ave
What is 101 Cherry Ave?
101 Cherry Ave is a Commercial/Industrial propertywith 12,980 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
101 Cherry Ave, Long Beach, CA, 90802.
What comparable properties are nearby?
Comparable nearby commercial properties include 315 Cherry Ave, 2020 E Bermuda St, 1221 E 1st St, 2801 E Broadway, 532 Nebraska Ave, 536 Saint Louis Ave.
Based on information from the bridgeMLS as of 05-12-2024. 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.
Listing last updated on: Apr 10, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Big Saver Food, 0.65 miles away and Ralphs, 0.74 miles away.
The 90802 zip area has a population of 286,204, and 43% of the families have children. The median age is 36.02 years and 80% commute by car. The most popular housing type is "small apartment" and 71% is renter.
