5847 Cherry Avenue

Long Beach, CA 90805

$1,350,900

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1954

calendar_month Built

Property Description

Highly desired area! New industrial and wharehouse buildings being build near by at 5860 Paramount Blvd, 5880 Paramount Blvd, 5910 Cherry Ave which will include over 500 permanent jobs near by. This gated property is located in Long Beach near Bixby Knolls area with plenty of restaurants and local shopping. It is a 4-plex with two studio units and two units with 2 bedrooms with one having 2 bathrooms and the other with 1 bathroom with his/her sink. Property gross revenue annually $91,972. Monthly utilities (water, gas, electric, trash) varies about $900 month. Utilities runs on 1 meter and divided up by tenants. Property has parking in the back for 4 vehicles and a 2 car garage with a total of 6 potential parking. The units had some updated in 2017 and 2018 with 3 of the units having laminate floor. Unit A and Unit D are pictures from 2018. Potential to make the garage into an ADU Unit #A - 2 bedrooms and 1 bath with double sink , has Central Air Unit #B- Studio with a separate kitchen Unit #C- Studio with large closet and bathroom, Unit #D-2 bedroom and 2 bathroom with large living room and 2 car garage and small patio area, has Central Air Disclosure We obtained the following information above from sources we believe to be reliable. However we have not verified it accuracy and make no guarantee, warranty, representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions ,prior sale, lease or financing or withdraw without notice. We include projections, opinions , assumptions or estimates for example only and they are not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigations of the property and transaction this includes price/unit, Price/SF, Cap rate and GRM are based on total price of the sale.

Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type Central Air, Wall/Window Unit(s)

Listing Information

Address 5847 Cherry Avenue
City Long Beach
State CA
Zip 90805
County Los Angeles
Listing Agent Aneta Handian Ayrapetyan DRE#02229851
Courtesy Of Equity Union
MLS SR24097306
List Price $1,350,900
HOA $0
Status Active
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 3,496
Year Built 1954
DOM 91

Exterior Information

Maps

Listing information courtesy of: Aneta Handian Ayrapetyan, Equity Union . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 5th, 2024 at 1:07 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.