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6315 Cherry Ave
Long Beach, CA 90805
Multifamily Property For Sale
·
28 Units
Investment Highlights
- MONTH-MONTH Tenants @ BELOW MARKET RENTS
- Close to Public Transportation, Grocery, Superstores and MORE!
- SUPER LOW VACANCY - Average Tenant ~10 Years
- Amazing Potential Upside - Rents Less Than ~40-50% of Current Market Value
- Near Elementary and High Schools
Property Facts
| No. Units | 28 | Building Size | 17,092 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 2.81/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | LBCCA | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 17,092 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.81/1,000 SF |
| Zoning | LBCCA |
Amenities
Site Amenities
- Courtyard
- Property Manager on Site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | $650.00 | 600 - 800 |
| 2+1 | 2 | $950.00 | 700 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,873,408 | |
| Land Assessment | $1,326,510 | Total Assessment | $5,199,918 |
Property Taxes
Parcel Numbers
Land Assessment
$1,326,510
Improvements Assessment
$3,873,408
Total Assessment
$5,199,918
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