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6271 Cherry Avenue, Long Beach, California 90805, Long Beach, 90805 - 3 bed, 2 bath

6271 Cherry Avenue, Long Beach, California 90805 home-pic-0
ACTIVE$777,000
6271 Cherry Avenue, Long Beach, California 90805
3Beds
2Baths
1,301Sqft
3,975Lot
Year Built
1947
Close
-
List price
$777K
Original List price
$820K
Price/Sqft
$597
HOA
-
Days on market
-
Sold On
-
MLS number
OC25022542
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 38% below the list price. We found 3 Cons,5 Pros. Rank: price - $777.0K(73th), sqft - 1301(66th), beds - 3(50th), baths - 2(50th).

Welcome to 6271 Cherry Ave, a charming three-bedroom, two-bathroom home in Long Beach, CA 90805. The Zoning is LBCCA (Long Beach Community Commercial Area) LBCCA zoning in Long Beach, California is a zoning classification that allows for a variety of uses, including retail, office, and residential. This zoning is flexible, which can be beneficial for investors and developers. What can LBCCA zoning be used for possible Retail, community shopping centers, and other commercial, in addition to the Single-family residential. This residence offers a harmonious blend of comfort and convenience, making it an ideal choice for families. Built on a very deep lot with a square footage of approximately 3,975 square feet. The lot has potential! At the back of the lot on the alley are two garages. Above the garage is an artist's loft. Centrally located off Cherry Avenue in North Long Beach.

Price History

Date
Event
Price
12/05/96
Sold
$120,000
Condition Rating
Poor
Built in 1947, this property shows significant signs of age and a lack of modern updates. The kitchen features very dated dark wood cabinets, worn white countertops, an older black built-in oven, and a fluorescent panel light, all indicative of a renovation (if any) from 30-50+ years ago. The bathroom is also extremely outdated with bright turquoise walls, a yellow bathtub, and old tiles. The presence of window AC units suggests an absence of modern central cooling. While livable, the property requires substantial rehabilitation and modernization to its major components, especially the kitchen and bathrooms, to meet current quality and comfort standards.
Pros & Cons

Pros

Flexible Zoning (LBCCA): The LBCCA zoning allows for a variety of uses including retail, office, commercial, and residential, offering significant flexibility and potential for investors or developers.
Development Potential: Situated on a very deep lot of approximately 3,975 square feet, the property offers ample space for expansion, landscaping, or future development opportunities.
Versatile Outbuildings: The property includes two garages and an artist's loft above them, providing valuable additional space for hobbies, storage, potential ADU conversion, or rental income.
Central Location: Centrally located off Cherry Avenue in North Long Beach, offering convenient access to amenities and transportation.
Family Appeal: Described as offering a 'harmonious blend of comfort and convenience,' making it an ideal choice for families.

Cons

Age of Property: Built in 1947, the home is older, which may imply a need for significant updates to systems, infrastructure, or aesthetics to meet modern standards.
Potential Overpricing: The current list price of $777,000 is substantially higher than the estimated property value of $478,321.11, suggesting it may be overpriced relative to its current condition or market comparables.
Lack of Modernization Details: The description lacks specific details about recent interior renovations or modern upgrades, which could indicate that the property requires considerable investment to achieve contemporary appeal, especially when compared to recently remodeled comparables.

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