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  • Exterior
  • Other
  • Entry Way
  • Kitchen
  • Bath
  • Bedroom
  • Living

1101 Cherry Ave, Long Beach, CA 90813

  • $2,825,000

  • bed

  • bath

Multi-family for sale 527 days
$100K price drop
Movoto is helping 68 homebuyers near you

About 1101 Cherry Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 3,961 Sqft
Movoto estimate
Rental estimate
Property description
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!
Listed by
Listing Agent - Shawn Mohler
Listing Agent Contact: 562-505-7953
Listing Office - The Mohler Real Estate Group
Source: CRMLS mls logo
MLS#PW25007491 • last updated 1 week ago
Movoto checked CRMLS for data 5 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.0909
Lot Size (SqFt) 3961
Year Built 1923
Interior
Flooring Vinyl
Appliances Refrigerator, Gas Oven
Exterior
Construction Stucco
Building Area Square Feet, 4508
Roof Flat Tile
Parking None
Lot Description Zero Lot Line, 16-20 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric 220 Volts In Laundry
Pool None
Location
County Los Angeles
Community Features Sidewalks
Zoning LBR2N
Directions Cherry Between 10th And Anaheim
APN 7261031026
Multifamily Details
Tenant Pays Electricity
Expense: Trash 3257
Operating Expense 50756
Total Expenses 223504
Expense: Water/ Sewer 6561
Gross Income 223504
Expense: Electric 109
Gross Scheduled Income 274260
Expense: Fuel 4121
Lot/ Land Details
Road Frontage City Street
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Hellman
  • 1101 Cherry Ave

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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