6501 Cherry Ave
Long Beach, CA 90805
Tropicano · Multifamily Property For Sale
·
16 Units
Property Facts
| No. Units | 16 | Building Size | 11,391 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 0.88/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | LBCCA - Commercial | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 11,391 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | LBCCA - Commercial |
Amenities
Site Amenities
- Laundry Facilities
- Recycling
About 6501 CHERRY AVE , LONG BEACH, CA 90805
6501 Cherry Avenue is located in Long Beach, which is the 36th most populous city in the United States and 7th most populous in California. It is located within the Greater Los Angeles area of Southern California. The city is home to the Port of Long beach, one of the busiest ports in the world. Long Beach benefits from convenient access to the 405, 22, 605 & 710 Freeways, giving residents an easy commute to both Orange and Los Angeles Counties. Long beach beach is home to California State University, Long Beach, Long Beach City College along with major employers Long Beach memorial medical Center, Boeing Aerospace, Molina Heathcare and SCAN Health-Plan. This investment opportunity consists of (10) one bedroom/one bathroom and (6) two bedroom/one bathroom units. This property also features on-site laundry and garages. With upside potential in rents, this is a smart investment to any investor.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,248 | 708 |
| 2+1 | 6 | $1,388 | 987 |
Property Taxes
| Parcel Number | 7114-006-051 | Improvements Assessment | $2,754,000 |
| Land Assessment | $714,000 | Total Assessment | $3,468,000 |
Property Taxes
