1101 Cherry Avenue, Long Beach, CA 90813

$2,825,000

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List Agent Shawn Mohler () The Mohler Real Estate Group; CoList ()

List Price
$2,825,000
Price Change
▼ $100,000 1781906712
Status
ACTIVE
MLS#
PW25007491
Year Built
1923
Lot Size
3,961
Lot Location
16-20 Units/Acre, Zero Lot Line
Days on Market
559
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Wow, this Spanish beauty is an absolute bread and butter property in the heart of Long Beach! Most every unit has been remodeled and updated. All units are vintage studios with either Juliet balconies on the 2nd floor or rear doors to a walk way for the lower units. Painted with designer colors, laminate flooring, vintage cabinets and all stoves and refrigerators are seller owned. There is an on-site coin operated laundry room with 2 washers and 2 dryers which adds to the already lucrative income on this property. The exterior has been fully repainted, the roof has a white Elasta-Coasting with a five year warranty to help reduce the heat on the upper apartments. The main exterior panel has had an impressive and massive upgrade. There is a small basement which will show the updates to the foundation and supports of the property. There is a cute slate rear courtyard for the tenants to utilize and also allows access to the rear dead end alley. This is a great property with tremendous opportunity for growth!

Additional Information

Appliances
Gas Oven, Refrigerator, Dryer, Washer
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
Exterior Construction
Stucco
Roof
Flat Tile
Sewer
Public Sewer
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.