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307 Cherry Avenue 5, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath

307 Cherry Avenue 5, Long Beach, California 90802 home-pic-0
ACTIVE$389,988
307 Cherry Avenue 5, Long Beach, California 90802
1Bed
1Bath
755Sqft
13,487Lot

Price Vs. Estimate

The estimated value ($399,291.29) is $9,303.29 (2%) lower than the list price ($389,988). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Walkable Location: Situated in the vibrant heart of Retro Row, offering exceptional walkability to the beach, popular restaurants, bars, eclectic shops, and green spaces.
Top Cons:
Lack of Dedicated Parking: The unit does not include a garage, relying on street parking and permit options, which can be inconvenient in a dense urban area.

Compared to the nearby listings

Price:$390.0K vs avg $485.0K ($-95,012)27%
Size:755 sqft vs avg 881 sqft38%
Price/sqft:$517 vs avg $58529%

More Insights

Built in 1959 (66 years old).
Condition: Despite being built in 1959, the condo unit has undergone significant recent updates, making it move-in ready. The kitchen features modern cabinets and countertops, and the bathroom has a newly updated shower door. Hardwood flooring throughout the main living areas and bedroom is in good condition. While the kitchen appliances are older white models and a wall AC unit is present, these are minor drawbacks that do not necessitate immediate major renovations.
Year Built
1959
Close
-
List price
$390K
Original List price
$435K
Price/Sqft
$517
HOA
$218
Days on market
-
Sold On
-
MLS number
PW25163910
Home ConditionGood
Features
ViewCourtyard

About this home

Charming Condo in the Heart of Retro Row – Stylish and Updated! Welcome to this beautifully updated 1-bedroom, 1-bath condo located in the vibrant heart of Retro Row. Situated in a secure, gated community with lush landscaping, this unit is an ideal home base to enjoy the best of Long Beach living. Enjoy easy access to yoga on the bluff, the beach path, and an array of popular restaurants, bars, and eclectic shops. Nearby green spaces and pet-welcoming policies add to the appeal of this well-located home. Inside, the kitchen has been thoughtfully renovated with modern cabinets and countertops, offering both style and functionality. The spacious bedroom includes ample closet space with custom shelving to enhance organization. The bathroom features a sleek, newly updated shower door. While the unit does not come with a garage, convenient street parking is available, and permit options are nearby. Additional highlights: Electric appliances Low monthly HOA covering water, trash, and landscaping Community laundry room next door with one of the most affordable wash/dry options in the area Enjoy all that this desirable, walkable Long Beach neighborhood has to offer!

Nearby schools

6/10
Burbank Elementary School
Public,•K-5•0.3mi
7/10
Stevenson Elementary School
Public,•K-5•0.9mi
6/10
Franklin Classical Middle School
Public,•6-8•0.6mi
7/10
Jefferson Leadership Academies School
Public,•6-8•1.2mi
6/10
Polytechnic High School
Public,•9-12•1.6mi
6/10
Wilson High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
08/25/23
Sold
$390,000
10/01/20
Sold
$160,000
04/24/14
Sold
$175,000
07/18/03
Sold
$128,000
Condition Rating
Good
Despite being built in 1959, the condo unit has undergone significant recent updates, making it move-in ready. The kitchen features modern cabinets and countertops, and the bathroom has a newly updated shower door. Hardwood flooring throughout the main living areas and bedroom is in good condition. While the kitchen appliances are older white models and a wall AC unit is present, these are minor drawbacks that do not necessitate immediate major renovations.
Pros & Cons

Pros

Prime Walkable Location: Situated in the vibrant heart of Retro Row, offering exceptional walkability to the beach, popular restaurants, bars, eclectic shops, and green spaces.
Recent Interior Updates: The condo features a thoughtfully renovated kitchen with modern cabinets and countertops, a newly updated bathroom, and custom shelving in the spacious bedroom, enhancing its appeal and functionality.
Low & Inclusive HOA: A low monthly HOA fee covers essential utilities like water, trash, and landscaping, providing cost predictability and convenience for residents.
Secure Gated Community: The property is located within a secure, gated community with lush landscaping, offering a sense of safety and a pleasant living environment.
Significant Price Reduction: The property has undergone multiple price reductions from its original listing, indicating a motivated seller and potential for a competitive purchase.

Cons

Lack of Dedicated Parking: The unit does not include a garage, relying on street parking and permit options, which can be inconvenient in a dense urban area.
Shared Laundry Facilities: Laundry is handled via a community room, which, while affordable, lacks the convenience and privacy of in-unit laundry.
Older Building Infrastructure: Built in 1959, the building's age, despite interior updates, may suggest older common area infrastructure or potential for future maintenance needs not covered by the unit's renovations.

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