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    1432 Cherry Avenue

    Long Beach, CA 90813
    • $1,280,000
    • STATUS: Active
    • ON SITE: 52 days
    • MLS #: DW20247132
    UPDATED: 44 min ago
    $1,280,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,252
      SQFT
    • $394
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    **OPPORTUNITY** This is a great 4plex investment property. High rental demand area of Long Beach. 2 units are fully renovated. Buyer can raise the other 2 units. New roofing, new exterior painting. New plumbing done for the most of the units.There are 8 detached garage and more spaces for the parking. Record shows 1bed+1bath/unit but has Den. It can be used as a 2nd bedrooms. Property to be sold As-Is. No repairs and no termite by the seller. Price to sell.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T08:24:59.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112230347
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    1432 Cherry Avenue Long Beach, CA 90813

    • Price: $1,280,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: DW20247132
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,252
    SQFT
    $394
    $/SQFT
    1923
    Built
    Neighborhood:
    Poly High (Ph)
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    **OPPORTUNITY** This is a great 4plex investment property. High rental demand area of Long Beach. 2 units are fully renovated. Buyer can raise the other 2 units. New roofing, new exterior painting. New plumbing done for the most of the units.There are 8 detached garage and more spaces for the parking. Record shows 1bed+1bath/unit but has Den. It can be used as a 2nd bedrooms. Property to be sold As-Is. No repairs and no termite by the seller. Price to sell.
    Exterior Features

    Garage Spaces 8.00 Lot Features 2-5 Units/Acre Lot Size Units Square Feet Parking Features AssignedGarage Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View City Lights View YN Yes

    Interior Features

    Appliances Free-Standing RangeGas OvenMicrowaveWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateTileVinyl Heating None Heating YN No Interior Features Open FloorplanRecessed Lighting Laundry Features InsideStackable Levels Two Room Type Family RoomMaster Bathroom

    Property Features

    Accessibility Features 2+ Access Exits Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Electricity - On Property Elevation Units Feet Gross Income 81262.00 Gross Scheduled Income 81262.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 64162.00 New Construction YN No New Taxes Expense 13000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 17100.00 Professional Management Expense 0.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Poly High (Ph) Tenant Pays ElectricityGas Total Expenses 17100.00 Trash Expense 1200.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1400.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Jaime Eum of Exp Realty Of California Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T08:24:59.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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