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1122 Cherry Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Unit Mix Includes Studios, Two-, & Three-Bedroom Floor Plans
- Strong Cash-Flow - An Investor Can Renovate Units for a 12% Premium to Market Rent
- Secured Front & Rear Entry, On-Site Laundry Room with (1) Washer & (1) Dryer
- Located in an Opportunity Zone
- Recent Renovations Include Formica Countertops, Vinyl Plank Flooring, Refurbished Cabinetry, Bedroom Ceiling Fans, Updated Bathroom Vanity & Bathtubs
- Excellent Cambodia Town Location (Walk Score: 90)
Property Facts
| No. Units | 4 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 1,920 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1919 |
| Building Class | C | Parking Ratio | 2.08/1,000 SF |
| Zoning | LBR2N - multiple dwelling | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,920 SF |
| No. Stories | 2 |
| Year Built | 1919 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | LBR2N - multiple dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,248 | 375 |
| 2+1 | 1 | $1,995 | 480 |
| 3+2 | 1 | $2,095 | 690 |
Property Taxes
| Parcel Number | 7261-032-011 | Improvements Assessment | $180,277 |
| Land Assessment | $193,156 | Total Assessment | $373,433 |
Property Taxes
Parcel Number
7261-032-011
Land Assessment
$193,156
Improvements Assessment
$180,277
Total Assessment
$373,433
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