6759 Cherry Avenue Long Beach, CA 90805
Active
$1,325,000
7 Units
4 Beds
7 Baths
2,930 Area(sq.ft.)
4,294 Lot Size(sq.ft.)
Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
---|---|---|---|---|---|---|---|
Unit 1 | 1 | 1 | 1 | No | $ 1,300 | $ 1,300 | $ 1,700 |
Unit 2 | 1 | 1 | 1 | No | $ 1,275 | $ 1,275 | $ 1,700 |
Unit 3 | 1 | 1 | 1 | No | $ 1,000 | $ 1,000 | $ 1,700 |
Unit 4 | 1 | 1 | 1 | No | $ 1,500 | $ 1,500 | $ 1,500 |
Unit 5 | 1 | studio | 1 | No | $ 1,150 | $ 1,250 | $ 1,150 |
Unit 6 | 1 | studio | 1 | No | $ 1,180 | $ 1,180 | $ 1,250 |
Unit 7 | 1 | studio | 1 | No | $ 1,250 | $ 1,250 | $ 1,250 |
7 | 7 | 4 | 7 | $ 8,655 | $ 8,755 | $ 10,250 |
MLS #: | DW24251646MR |
Days On Market: | 0 |
County: | Los Angeles |
Property Type: | Residential Income |
Price per ft2: | $ 452 |
Price per unit: | $ 189,286 |
Year Built: | 1958 |
Property Details
Built in 1958, the property is zoned LBCCA, boasts recent enhancements to maximize tenant appreciation and long-term value. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Currently, one studio and a one-bedroom unit are vacant, providing the opportunity to upgrade and secure market rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering a mix of Studio and 1 bedroom layouts, appealing to a range of tenants. These commercial units are centrally located in Long Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick connections to LAX, downtown LA, and other Key metropolitan areas.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
Rent Control: | Yes |
Total Annual Expense: | $ 28,573 |
Net Operating Income: | $ 83,687 |
Structure
Community Features: | Sidewalks, Street Lights |
Sewer: | Public Sewer |
Water: | Public |
Land & Parking
Land Lease Type: | Fee |
Interior
Laundry: | Community, Room |
Laundry Income: | 500.00 |
Exterior
Pool: | No |
Detailed Map
Schools
Find a great school for your child