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Buy a propertyat 1715 Cherry Avenue, Long Beach, CA 90813

$1,750,000

$0/mo

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Multifamily

8,238 Sq. Ft. lot

0 Bathrooms

396 Days on market

SB23054443 MLS ID

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About 1715 Cherry Avenue property

1715 Cherry is a multi-unit residential property located in Long Beach. Each unit features one bedroom and one bathroom, providing comfortable living accommodations. The community also includes a convenient laundry room, providing tenants with easy access to on-site laundry facilities. With a great location in Long Beach, tenants will have access to the many dining, shopping, and entertainment options the city has to offer. This property is an excellent investment opportunity for those seeking a stable income stream in a thriving rental market.
1715 Cherry is a multi-unit residential property located in Long Beach. Each unit features one bedroom and one bathroom, providing comfortable living accommodations. The community also includes a convenient laundry room, providing tenants with easy access to on-site laundry facilities. With a great location in Long Beach, tenants will have access to the many dining, shopping, and entertainment options the city has to offer. This property is an excellent investment opportunity for those seeking a stable income stream in a thriving rental market.

Property details

Property Access

City Street

Paved

House

1 total stories

Built in 1949

Stories: 1

3426 total building sqft

2+ Common Walls

One

Community

Sidewalks

Cooling

No cooling

Expenses

Electric Expense: $672

Insurance Expense: $1,199

Maintenance Expense: $480

Operating Expense: $10,041

Water Sewer Expense: $4,460

Fence

Chain Link

Garage

4 garage spaces

Heating

No heating

Income

Gross Income: 101200

Gross Scheduled Income: 111300

Net Operating Income: 101259

Interior Features

All Bedrooms Down

Laundry

Common Area

Listing

Listing ID: SB23054443

Property Subtype: Mixed Use

22 days on market

Listed on 2023-04-03

Location

County: Los Angeles

Subdivision: Circle (CA)

Lot

8238 sqft

0.1891 acres

Area: 8238

Street Level

Parking

4 total parking spaces

Garage

Property

Single building

6 units

Property attached

Sewer

Public Sewer

Utilities

6 separate electric meters

6 separate gas meters

0 separate water meters

Monthly cost

Estimated monthly cost

$11,152/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,645,000

+$52,500

$1,697,500

Seller agent commission$52,500 (3%)*

$0 (0%)

Buyer agent commission$52,500 (3%)*

$52,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $52,500 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 4, 2024 at 9:14 p.m.

Data updated: Apr 26, 2023 at 11:12 a.m.

Property listed by RE/MAX Estate Properties, Bill Ruane
Based on information from California Regional Multiple Listing Service, Inc. as of 04/26/2023 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.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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