5847 Cherry Avenue, Long Beach, CA 90805
  • MLS#: SR24097306 ( Quadruplex )
  • Street Address: 5847 Cherry Avenue
  • Viewed: 2
  • Price: $1,350,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1954
  • Bldg sqft: 0
  • Days On Market: 186
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90805
  • Subdivision: North Long Beach (nlb)
  • Provided by: Equity Union
  • Contact: Aneta Handian Aneta Handian
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Gas Water Heater
Association Fee
  1. 0.00
Building Area Total
  1. 3520.00
Cable Tv Expense
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 145
Electric
  1. Standard
Electric Expense
  1. 6705.00
Entry Location
  1. street
Fireplace Features
  1. None
Fuel Expense
  1. 2984.00
Furniture Replacement Expense
  1. 0.00
Garage Spaces
  1. 2.00
Gardner Expense
  1. 0.00
Heating
  1. Central
  2. Wall Furnace
Insurance Expense
  1. 1733.00
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 65900.00
Parcel Number
  1. 7123014019
Parking Features
  1. Assigned
Pool Features
  1. None
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 414734133:CRM
Spa Features
  1. None
Subdivision Name Other
  1. North Long Beach (NLB)
Taxarea
  1. 04992
Totalactualrent
  1. 7764.00
Totalexpenses
  1. 13169.00
Trash Expense
  1. 118.00
Utilities
  1. Electricity Available
  2. Electricity Connected
  3. Natural Gas Available
  4. Natural Gas Connected
  5. Phone Available
  6. Sewer Available
  7. Sewer Connected
  8. Water Available
  9. Water Connected
Water Sewer Expense
  1. 2984.00
Water Source
  1. Public
Year Built
  1. 1954
Year Built Source
  1. Public Records