Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1752 Cherry Ave Long Beach, CA 90813-2568

    • Apartment buildings
    • 3,092 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    May 10, 2024
    $1,025,000
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    6.4%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-6356548
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Beach Front Property Management / Hotel & Motel / Bed & Breakfast

    Property Details for 1752 Cherry Ave

    Year built
    1922
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    3,092 SF
    Zone code
    LBCNR
    Property type
    Apartment buildings
    APN
    7261-006-019
    APU
    7261006019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,025,000
      ML approach
      $1,025,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,090,000
      6.5%
      $1,010,000
      7%
      $935,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $990,000
      Market price range: $491k - $991k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $750,000
      Current use
      WAREHOUSE, STORAGE
      $1,140,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $1,095,000
      Change: +46% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $980,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $770,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $740,000
      Change: -1% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.167
    Latitude
    33.789
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,134
    $867,000
    $347,080
    $1,214,080
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Long Beach, CA 90813

      APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
      Long Beach, CA 90813
      View Details
    • Value Estimation
      $1,175,000
      8,340 SF

      931 Lime Ave

      APARTMENT HOUSE (5+ UNITS) • 8,340 SF
      931 Lime Ave, Long Beach, CA 90813-4697
      View Details
    • Value Estimation
      $700,000
      4,030 SF

      1225 Linden Ave

      APARTMENT HOUSE (5+ UNITS) • 4,030 SF
      1225 Linden Ave, Long Beach, CA 90813-3328
      View Details
    • Value Estimation
      $1,325,000
      7,621 SF

      1120 Linden Ave

      APARTMENT HOUSE (5+ UNITS) • 7,621 SF
      1120 Linden Ave, Long Beach, CA 90813-3362
      View Details
    • Value Estimation
      $850,000
      5,224 SF

      1573 Locust Ave

      APARTMENT HOUSE (5+ UNITS) • 5,224 SF
      1573 Locust Ave, Long Beach, CA 90813-1864
      View Details
    • Value Estimation
      $2,280,000
      16,460 SF

      1549 Locust Ave

      APARTMENT HOUSE (5+ UNITS) • 16,460 SF
      1549 Locust Ave, Long Beach, CA 90813-1883
      View Details

    Similar Nearby for Sale

    • $1,395,000

      Long Beach 4-Unit Apartment Building

      Charming, fully occupied 4-unit apartment building in prime Long Beach location.
      735 Locust Ave, Long Beach, CA 90813
      View Details
    • $1,900,000

      Long Beach Multifamily Property

      Multifamily property with four 1-bedroom units in Long Beach.
      412 E 16Th St, Long Beach, CA 90813
      View Details
    • $1,525,000
      4,670 SF

      Long Beach Apartment with Bungalow

      Two-building complex with units, house, and garages in Long Beach.
      744 Walnut Ave, Long Beach, CA 90813
      View Details
    • $2,200,000
      6,074 SF

      Long Beach Multifamily Investment

      7-Unit Apartment Building, High ROI
      1720 Cerritos Ave, Long Beach, CA 90813
      View Details
    • $3,650,000
      6,500 SF

      Long Beach Multifamily Investment

      17-Unit Apartment Building, Turnkey
      718 Chestnut Ave, Long Beach, CA 90813
      View Details
    • $388,888
      806 SF

      Corner Unit Condo in Long Beach

      Two-bedroom, two-bathroom condo in a gated Long Beach complex.
      1450 Locust Ave, Long Beach, CA 90813
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Long Beach Apartment For Rent

      Two-bedroom, one-bath apartment in downtown Long Beach with garage.
      1500 Magnolia Ave, Long Beach, CA 90813
      View Details
    • Contact for pricing
      1 SF

      Long Beach Commercial Kitchen Space

      Ghost kitchen, 250 sq ft, prime location.
      1388 Daisy Ave, Long Beach, CA 90813
      View Details
    • $2.00 SF/Yr
      1,532 SF

      Restaurant Space Available For Rent

      Ground floor restaurant space with kitchen hood and grease interceptor.
      622-628 E Anaheim St, Long Beach, CA 90813
      View Details
    • $0.75 SF/Yr
      53,325 SF

      Port of Long Beach Land

      Land available for lease near the Port of Long Beach.
      1404 Seabright Ave, Long Beach, CA 90813
      View Details
    • Contact for pricing
      94,328 SF

      New Warehouse Buildings Near Freeway

      New industrial facility near 710 Freeway, Long Beach ports.
      1615-1617 San Francisco Ave, Long Beach, CA 90813
      View Details
    • Contact for pricing
      25,625 SF

      Concrete Yard with Building

      Concrete yard with a 3,500 SF building for rent.
      1632 W 15Th St, Long Beach, CA 90813
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1752 Cherry Ave
    Long Beach, CA 90813-2568
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.