$1,350,900
5847 Cherry Avenue Long Beach, CA 90805
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$1,350,900
Est. payment /mo
4 BD
5 BA
3,496 Sqft Lot
Active
5847 Cherry Avenue Long Beach, CA 90805
UPDATED:
06/05/2024 03:45 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24097306
Bedrooms 4
HOA Y/N No
Lot Size 3,496 Sqft
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
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.
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.
Location
State CA
County Los Angeles
Area Long Beach (90805)
Zoning Public Rec
Interior
Cooling Central Forced Air, Wall/Window
Exterior
Garage Unit1:Assigned
Building
Lot Description Sidewalks
Story 2
Lot Size Range 1-3999 SF
Level or Stories 2 Story
Others
Acceptable Financing Exchange
Space Rent $1,924
Listing Terms Exchange
Listed by Aneta Handian Ayrapetyan • Equity Union
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