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1101 Cherry Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Well maintained 16-Unit building offered at only $159/Unit!
- Currently operating at a 4.93% CAP and 12.85 GRM, with still plenty of room to grow income
- Washer and Dryer on site
- Value-Add Opportunity with over 20% upside once units are rented out for market rate
- Comprised of (16) Studio Units; These clean units feature ceiling fans, tile floors, new paint and plenty of storage space
Property Facts
| No. Units | 16 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 4,508 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | LBR2N - Two-Family Residence | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,508 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | LBR2N - Two-Family Residence |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
Property Taxes
| Parcel Number | 7261-031-026 | Improvements Assessment | $1,857,114 |
| Land Assessment | $848,966 | Total Assessment | $2,706,080 |
Property Taxes
Parcel Number
7261-031-026
Land Assessment
$848,966
Improvements Assessment
$1,857,114
Total Assessment
$2,706,080
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