1615 Cherry Avenue

Long Beach, CA 90813
$1,185,000
Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood! Welcome to your next apartment investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potentialRead MoreRead Less
Property listed by Y Realty, Steven Richardson 213-344-7856
Listing Snapshot
Days Online
3
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1949
MLS Number
PW24251854
30 Days Snapshot Of 90813
$540k
-10%
(avg) sold price
1
-85%
home sold
54
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: CityStreet
Appliances & Equipment
Disposal, GasRange, GasWaterHeater, Microwave, Refrigerator, RangeHood, SelfCleaningOven, WaterHeater
Building
Built in 1949, Building area total: 3,546, Levels: One, 1 story, 1 building, Architectural style: Contemporary, Attached, Common walls: TwoCommonWallsOrMore, Construction materials: Drywall
Community
StreetLights, Sidewalks, Gated
Cooling
None
Accessibility Features
Accessibility features: LowPileCarpet, NoStairs, Parking, AccessibleDoors, AccessibleHallways
Expenses
Insurance expense: $400, Operating expense: $19,665, Trash expense: $200, Water sewer expense: $550
Exterior Features
Awnings
Fence
Privacy, WroughtIron
Fireplaces
None
Floors
Carpet, Laminate, Tile
Garage
2 spaces
Heating
NaturalGas
Income
Gross income: $2,400, Net operating income: $58,995
Interior Features
CeilingFans, LaminateCounters, OpenFloorplan, TileCounters, AllBedroomsDown
Laundry
CommonArea
Lot
0.1674 acres, 7,290 square feet, Size: 7,290, ZeroToOneUnitAcre, Garden, Lawn, Level, Ranch, Yard
Parking
2 totals parking, Concrete, DirectAccess, DrivewayLevel, DoorSingle, GarageFacesFront, Garage, OnSite, Paved
Pool
None
Property
Zoning: LBCNR, CityLights
Security Features
CarbonMonoxideDetectors, FireDetectionSystem, GatedCommunity, SmokeDetectors
Sewer
PublicSewer
Spa
None
Utilities
ElectricityOnProperty, ElectricityConnected, NaturalGasConnected, SewerConnected
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Holden Groff
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.