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1752 Cherry Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Property offers a strong mix of one three-bed/two-bath house, two additional three-bedroom units, and two studios (one studio is non-conforming)
- 8,500-Square foot lot is gated and offers four surface parking spaces and one single-car garage
- Value-add opportunity with 45 percent rental upside and two units currently vacant
- Located in Eastside Long Beach within 10 minutes of the 405 and 710 freeways and Cal State Long Beach
Property Facts
| No. Units | 5 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 3,092 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1922 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Zoning | CNR, Long Beach - Neighborhood Commercial and Residential District | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,092 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | CNR, Long Beach - Neighborhood Commercial and Residential District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 225 - 245 |
| 3+1 | 1 | - | 682 |
| 3+2 | 2 | - | 732 - 1,374 |
Property Taxes
| Parcel Number | 7261-006-019 | Improvements Assessment | $586,500 |
| Land Assessment | $459,000 | Total Assessment | $1,045,500 |
Property Taxes
Parcel Number
7261-006-019
Land Assessment
$459,000
Improvements Assessment
$586,500
Total Assessment
$1,045,500
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