1101 Cherry Avenue, Long Beach, CA 90813
  • MLS#: PW25007491 ( Apartment )
  • Street Address: 1101 Cherry Avenue
  • Viewed: 2
  • Price: $3,199,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90813
  • Provided by: The Mohler Real Estate Group
  • Contact: Shawn Shawn
  • California Regional MLS IDX
  • DMCA Notice
  • 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!
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Features
Appliances
  1. Gas Oven
  2. Refrigerator
Building Area Total
  1. 4508.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Electric
  1. 220 Volts in Laundry
Electric Expense
  1. 109.00
Fencing
  1. Wood
Fireplace Features
  1. None
Flooring
  1. Vinyl
Fuel Expense
  1. 4121.00
Garage Spaces
  1. 0.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 0.00
Laundry Features
  1. Community
  2. Dryer Included
  3. Gas Dryer Hookup
  4. Washer Included
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 16-20 Units/Acre
  2. Zero Lot Line
Netoperatingincome
  1. 223504.00
Number Of Separate Electric Meters
  1. 17
Number With Range
  1. 16
Number Wit Hrefrigerator
  1. 16
Parcel Number
  1. 7261031026
Parking Features
  1. None
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Frontage Type
  1. City Street
Roof
  1. Flat Tile
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 429910789:CRM
Tenant Pays
  1. Electricity
Totalexpenses
  1. 223504.00
Trash Expense
  1. 3257.00
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Sewer Connected
  4. Water Connected
Water Sewer Expense
  1. 6561.00
Water Source
  1. Public
Year Built
  1. 1923
Year Built Source
  1. Assessor
Zoning
  1. LBR2N