5847 Cherry AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,520 sqft
Price per Sqft $383
Subdivision North Long Beach (Nlb)
MLS Listing ID SR24097306
Year Built 1954
Lot Size 3,497 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 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 7 - North Long Beach
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Central,Wall Furnace
Cooling Central Air,Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights,Sidewalks
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Sewer Available,Sewer Connected,Water Available,Water Connected
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard