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$1,350,900

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3,520 SqFt

Active

5847 Cherry AVE Long Beach, CA 90805

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:47 PM

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

HOA Y/N No

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

Fireplace No

Appliance Gas Water Heater

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

Parking Type Assigned

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7123014019

Energy Description 2984.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by Aneta Handian Ayrapetyan • Equity Union • 818-858-4222

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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