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1101 Cherry Ave, Long Beach, CA, 90813

--beds
16baths
4,508sqft
$2,925,000
$649price/sqft
$17,957/moest. monthly cost
$718,280/yrincome needed

About This Home

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!

Getting Around

90
WalkingWalker's Paradise
51
TransitGood Transit
58
BikeBikeable

Schools

7/10
7/10
Polytechnic High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1923

Materials

  • Roof: Flat Tile
  • Construction materials: Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Oven,Refrigerator,Dryer,Washer
  • Laundry features: Common Area,Gas Dryer Hookup

Bedrooms & Bathrooms

  • Bathrooms: 16

Features

  • Flooring: Vinyl
  • Fireplace features: None
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: None

Interior Area

  • Total structure area: 4,508
  • Total interior livable area: 4,508 sqft

Property

Details

  • Parcel number: 7261031026
  • Attached to another structure: Yes
  • Zoning: LBR2N
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None
  • Fencing: Wood

Lot

  • Lot size: 3,961 sqft
  • Features: 16-20 Units/Acre,Zero Lot Line

Parking

  • Parking features: None