905 Cherry Avenue, Long Beach, CA 90813
  • MLS#: OC25134383 ( Apartment )
  • Street Address: 905 Cherry Avenue
  • Viewed: 4
  • Price: $4,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1922
  • Bldg sqft: 0
  • Days On Market: 37
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90813
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    905 & 915 Cherry Avenue is a 2 property, 26 unit multifamily portfolio located in Long Beach, California. Built in 1922, 905 & 915 Cherry Avenue offers investors an opportunity to acquire a sizable footprint in one of Los Angeles Countys most desirable rental markets. 905 & 915 Cherry Avenue features an attractive mix of one and two bedroom floor plans with desirable property amenities including surface and garage parking, and on site laundry facilities. The portfolio is within walking distance of a variety of lifestyle amenities including Rose Park, the shops and restaurants of Retro Row, and Alamitos Beach. Additionally, the portfolio is just a short commute to employers in Downtown Long Beach and adjacent employment hubs such as the South Bay and Orange County via the 710 and 405 freeways. In summary, 905 & 915 Cherry Avenues fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With rental upside and strong rental metrics, 905 & 915 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.
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Features
Additional Parcels Description
  1. 7267015018
Association Fee
  1. 0.00
Building Area Total
  1. 15328.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 55
Electric Expense
  1. 6020.00
Entry Location
  1. First level
Fuel Expense
  1. 6020.00
Garage Spaces
  1. 15.00
Insurance Expense
  1. 26000.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 312610.00
Newtaxesexpense
  1. 55189.00
Number Of Separate Electric Meters
  1. 26
Number Of Separate Gas Meters
  1. 26
Otherincome1
  1. 4697.00
Otherincomedescription
  1. Misc
Parcel Number
  1. 7267015017
Pool Features
  1. None
Professionalmanagementexpense
  1. 20279.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 441011708:CRM
Subdivision Name Other
  1. Other
Totalexpenses
  1. 194353.00
Trash Expense
  1. 6020.00
Vacancyallowance
  1. 15534
Water Sewer Expense
  1. 6022.00
Water Source
  1. Public
Year Built
  1. 1922
Year Built Source
  1. Assessor
Zoning
  1. LBR2N