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555 Cherry Ave
Long Beach, CA 90802
9 Units in North Alamitos Beach (Long Beach) · Multifamily Property For Sale
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9 Units
Investment Highlights
- 8.02% Market CAP Rate
- 0.70 miles to the Beach
- Parking includes 5 Single-Car Garages, and 5 Open Spaces
- All New Electrical Main & Subpanels currently being Installed
- Approximately 31% +/- Upside
- No local rent control (only to AB 1482)
Property Facts
| No. Units | 9 | Building Size | 5,793 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.73/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | LBR1N - Long Beach Residential | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,793 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | LBR1N - Long Beach Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,863 | 800 |
| 1+1 | 6 | $1,597 | 565 |
Property Taxes
| Parcel Number | 7266-024-010 | Improvements Assessment | $157,866 |
| Land Assessment | $30,860 | Total Assessment | $188,726 |
Property Taxes
Parcel Number
7266-024-010
Land Assessment
$30,860
Improvements Assessment
$157,866
Total Assessment
$188,726
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