125 Cherry Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
9 Units
Property Facts
| No. Units | 9 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 5,870 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1948 |
| Zoning | R4N, Long Beach | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,870 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | R4N, Long Beach |
About 125 CHERRY AVE , LONG BEACH, CA 90802
125 Cherry Avenue is a 9-unit investment opportunity in prime Alamitos Beach, just two blocks from the ocean. The property offers a desirable mix of (2) studio units, (6) one-bedroom/one-bath units and (1) two-bedroom/1.5 bath unit. All units have been renovated with hardwood and wood-style luxury plank flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances and designer fixtures and hardware. Additional building features include secure, gated entry, bike storage racks, and a modern community BBQ/dining/entertainment courtyard. The Alamitos Beach location gives tenants close access to outdoor activities at Bixby Park and amenities at Fourth Street/Retro Row. This property provides an excellent opportunity for a new investor to own a turnkey asset in a submarket that commands rents that are approximately 19% higher on average than other Long beach neighborhoods.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,570 | 495 |
| 1+2 | 6 | $1,829 | 680 |
| 2+2 | 1 | $2,323 | 800 |
Property Taxes
| Parcel Number | 7265-020-013 | Improvements Assessment | $1,093,645 |
| Land Assessment | $2,296,655 | Total Assessment | $3,390,300 |
Property Taxes
