1432 Cherry Avenue, Long Beach, CA 90813

$1,280,000
3,252
SqFt
List Price
$1,280,000
Price Change
▲ $60,000 1609996884
Status
ACTIVE
MLS#
DW20247132
Year Built
1923
Living Sq. Ft
3,252
Lot Size
7,231
Acres
0.166
Lot Location
2-5 Units/Acre
Days on Market
47
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels
Builders Tract Code
Poly High (PH)
Neighborhood
Poly High (Ph)

Property Description

**OPPORTUNITY** This is a great 4plex investment property. High rental demand area of Long Beach. 2 units are fully renovated. Buyer can raise the other 2 units. New roofing, new exterior painting. New plumbing done for the most of the units.There are 8 detached garage and more spaces for the parking. Record shows 1bed+1bath/unit but has Den. It can be used as a 2nd bedrooms. Property to be sold As-Is. No repairs and no termite by the seller. Price to sell.

Additional Information

Tract Number
5223
Lot Description
Urban
Appliances
Free-Standing Range, Gas Oven, Microwave, Water Heater
Pool Description
None
Fireplace Description
None
Cooling Description
None
View
City Lights
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$81,262
Operating Expense
17100
Unit One Total Units
1
Unit One Beds
2
Unit One Baths
2
Unit One Garage Spaces
2.00
Unit One Actual Rent
1900.00
Unit One Total Rent
22800.00
Unit One Pro Forma
2000
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Garage Spaces
2.00
Unit Two Actual Rent
1475.60
Unit Two Total Rent
17707.00
Unit Two Pro Forma
2000
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
1
Unit Three Baths
1
Unit Three Garage Spaces
2.00
Unit Three Actual Rent
1495.00
Unit Three Total Rent
1790.00
Unit Three Pro Forma
2000
Unit Three Furnished
Unfurnished
Unit Four Total Units
1
Unit Four Beds
2
Unit Four Baths
2
Unit Four Garage Spaces
2.00
Unit Four Actual Rent
1900.00
Unit Four Total Rent
22800.00
Unit Four Pro Forma
2000
Unit Four Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jaime Eum from EXP Realty of California Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.