307 Cherry Avenue #5
About This Property
The manager has listed the unit size as 755 square feet.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2025 | Price Decreased |
$389,988
↓ $19K
(4.7%) | |
| Price Decreased | |||
| Aug 20, 2025 | Price Decreased |
$408,988
↓ $11K
(2.6%) | |
| Price Decreased | |||
| Jul 29, 2025 | Price Decreased |
$419,988
↓ $15K
(3.5%) | |
| Price Decreased | |||
| Jul 22, 2025 | Listed | $435,000 | |
| Listed | |||
| | |||
|
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!
| |||
| Jun 1, 2025 | Listed | $444,988 | |
| Listed | |||
| | |||
|
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!
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/20/2025
|
1 Bed
|
1 Bath
|
712 ft²
|
$339,000
1 Bed
1 Bath
712 ft²
|
$342,000
+0.88%
01/14/2026
|
Vivan Ainis
Seven Gables Real Estate
| |
|
09/26/2023
|
1 Bed
|
1 Bath
|
715 ft²
|
$437,500
1 Bed
1 Bath
715 ft²
|
-
-
|
Karin McGinley
Berkshire Hathaway H.S.C.P.
| |
|
03/30/2023
|
1 Bed
|
1 Bath
|
755 ft²
|
$415,000
1 Bed
1 Bath
755 ft²
|
-
-
|
Lynzee Fujimoto
Realty One Group United
|
Building Info
About Franklin School
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017