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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,925,000

Est. payment -/mo

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Price Dropped by $20K

1101 Cherry AVE Long Beach, CA 90813

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25007491

HOA Y/N No

Year Built 1923

Property Sub-Type Apartment

Property Description

Wow, this Spanish beauty is an absolute bread and butter property in the heart of Long Beach! Most every unit has been remodeled and updated. All units are vintage studios with either Juliet balconies on the 2nd floor or rear doors to a walk way for the lower units. Painted with designer colors, laminate flooring, vintage cabinets and all stoves and refrigerators are seller owned. There is an on-site coin operated laundry room with 2 washers and 2 dryers which adds to the already lucrative income on this property. The exterior has been fully repainted, the roof has a white Elasta-Coasting with a five year warranty to help reduce the heat on the upper apartments. The main exterior panel has had an impressive and massive upgrade. There is a small basement which will show the updates to the foundation and supports of the property. There is a cute slate rear courtyard for the tenants to utilize and also allows access to the rear dead end alley. This is a great property with tremendous opportunity for growth!

Location

State CA

County Los Angeles

Area 9 - Poly High

Zoning LBR2N

Interior

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator, Dryer, Washer

Laundry Common Area, Gas Dryer Hookup

Exterior

Parking Features None

Fence Wood

Pool None

Community Features Sidewalks

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Roof Type Flat Tile

Private Pool No

Building

Lot Description 16-20 Units/Acre, Zero Lot Line

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7261031026

Energy Description 4121.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Shawn Mohler The Mohler Real Estate Group 562-505-7953

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

1101 Cherry AVE Long Beach, CA 90813

Key Details

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1101 Cherry AVE