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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6315 Cherry Ave Long Beach, CA 90805-2658

    • Apartment buildings
    • 8,546 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2022
    $4,900,049
    Value Estimations
    $3,945,000
    Show details
    Cap Rate Potential
    3.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-6232167
    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

    • Stardust Apartments / Apartment Building
    • A & J Export / Logistics Company

    Property Details for 6315 Cherry Ave

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    8,546 SF
    Zone code
    LBCCA
    Property type
    Apartment buildings
    APN
    7118-004-006
    APU
    7118004006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,895,000
      ML approach
      $3,830,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,755,000
      Current use
      MEDICAL BUILDING
      $5,840,000
      Change: +1% Conversion: Moderate
      RESTAURANT
      $5,330,000
      Change: -7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $5,050,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.169
    Latitude
    33.8696
    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
    $46,866
    $650,250
    $2,914,320
    $3,564,570
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,370,000
      14,520 SF

      1430 Es St

      APARTMENT HOUSE (5+ UNITS) • 14,520 SF
      1430 Es St, Long Beach, CA 90805-4361
      View Details
    • Value Estimation
      $1,165,000
      8,230 SF

      3001 Artesia Blvd

      APARTMENT HOUSE (5+ UNITS) • 8,230 SF
      3001 Artesia Blvd, Long Beach, CA 90805-7211
      View Details
    • Value Estimation
      $20,470,000
      90,562 SF

      3101 Artesia Blvd

      APARTMENT HOUSE (5+ UNITS) • 90,562 SF
      3101 Artesia Blvd, Long Beach, CA 90805-2774
      View Details
    • Value Estimation
      $2,575,000
      17,714 SF

      1518 Artesia Blvd

      APARTMENT HOUSE (5+ UNITS) • 17,714 SF
      1518 Artesia Blvd, Long Beach, CA 90805-1674
      View Details
    • Value Estimation
      $4,460,000
      32,130 SF

      6255 Atlantic Ave

      APARTMENT HOUSE (5+ UNITS) • 32,130 SF
      6255 Atlantic Ave, Long Beach, CA 90805-2973
      View Details
    • Value Estimation
      $3,605,000
      26,642 SF

      6640 Orizaba Ave

      APARTMENT HOUSE (5+ UNITS) • 26,642 SF
      6640 Orizaba Ave, Long Beach, CA 90805-7220
      View Details

    Similar Nearby for Sale

    • $375,000
      873 SF

      Long Beach Condo with Upgrades

      Well-maintained 2-bedroom condo with upgrades, community pool, and convenient location.
      5500 Ackerfield Ave, Long Beach, CA 90805
      View Details
    • $2,000,000

      Residential Income Buildings For Sale

      Two well-maintained residential income buildings with 11 units and parking.
      5320 Lime Ave, Long Beach, CA 90805
      View Details
    • $1,399,000
      3,100 SF

      Long Beach Multifamily Investment Opportunity

      Six-unit multifamily property in North Long Beach with income potential.
      12 W Pleasant St, Long Beach, CA 90805
      View Details
    • New
      $875,000
      1,504 SF

      Long Beach Triplex with Detached Home

      Move-in ready triplex with detached home, ideal for investors.
      242 E Del Amo Blvd, Long Beach, CA 90805
      View Details
    • $65,000

      Gated 55+ Community Home

      One bedroom home in a gated 55+ Long Beach community.
      4865 Holly Ave, Long Beach, CA 90805
      View Details
    • $1,450,000
      3,301 SF

      Long Beach Four-Unit Apartment Building

      Well-maintained, fully rented four-unit property with recent updates.
      3420 E 67Th St, Long Beach, CA 90805
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo

      Mixed-Use Lot with Commercial Building

      Spacious lot with commercial building near Long Beach Blvd.
      16 E Market St, Long Beach, CA 90805
      View Details
    • Contact for pricing
      415,312 SF

      Distribution Warehouse with Freeway Visibility

      415,312 SF distribution warehouse with immediate occupancy available for lease.
      2400 E Artesia Blvd, Long Beach, CA 90805
      View Details
    • $1.00 SF/Yr
      36,834 SF

      Freestanding Warehouse with Secured Yard

      Freestanding warehouse with fenced yard, close to freeways.
      6935 S Atlantic Ave, Long Beach, CA 90805
      View Details
    • $3,300 /Mo

      Retail Space Near Long Beach

      Commercial building near Long Beach Blvd and 710 freeway.
      16 E Market St, Long Beach, CA 90805
      View Details
    • $2 SF/Yr
      1,293 SF

      New Medical Office Space

      Newly constructed medical office space available for rent.
      6335 Myrtle Ave, Long Beach, CA 90805
      View Details
    • $4,042,710
      9,982 SF

      Industrial Building with Fenced Yard

      Freestanding industrial building with large fenced yard for lease.
      6105 N Obispo Ave, Long Beach, CA 90805
      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.
    6315 Cherry Ave
    Long Beach, CA 90805-2658
    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.