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Closed
- Listed price
- $2,049,000
- Listed Aug 14, 2013
- Sold price
- $2,260,000
- Sold Oct 30, 2013
9,208 sqft lot|1987 Built|72 MLS days on market
318 Cherry Ave, Long Beach, CA 90802
Property Description
This fabulous 2 story walk-up building over gated parking is located only 3 blocks to the water in an excellent area of Bellmont Heights. The building is walking distance to Bixby Park and is surrounded by high quality apartment buildings and condminiums. It was built in 1987 and the units offer wonderful tried and true floorplans. Rents have quite a bit of room to move. The last rent of $1,225 demonstrates the upside potential of this property as an apartment building. The building has an approved tract map for condo conversion from 2008 (buyer to verify condition of filing), so it has additional upside from that perspective. The individual units feel much more spacious than the actual square footage would indicate. The units on the upper floor have vaulted ceilings for an even more spacious feel. It is tough to find good buildings in quality locations like this one, and it is priced to move. Please email listing agent for a set-up.
Listing agent: Robert FreedmanDRE #00711607rob@letfreedmanring.com, Listing office: RE/MAX Estate Properties
MLS data updated 10/25/2026, 6:58:15 AM PT
Source: CRMLSMLS #: SB13163852
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,260,000
Oct 30, 2013
Available records22013
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90802 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90802 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.