1712 Cherry Avenue, Long Beach, CA, US, 90813
1712 Cherry Avenue, Long Beach, CA, US, 90813Basics
- Date added: Added 10時間 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2, 2
- Lot size: 5995, 5995 sq ft
- Year built: 1964
- Property Condition: AdditionsAlterations,RepairsCosmetic,UpdatedRemodeled
- View: None
- Subdivision Name: Zaferia
- Zoning: LBCNR
- County: Los Angeles
- MLS ID: SR25098606
Description
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Description:
CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. Rent totals include income generated from laundry room. Less than a 10-minute drive to the shoreline, this property offers convenience, great rental income, and modern living. All units are currently occupied and generating strong rental income at market rates, making it an ideal investment with immediate cash flow potential. The property has been well cared for, with all units in excellent condition. The detached 3 bed, 2 bath unit comes with its own private yard, perfect for added privacy and outdoor enjoyment. Tenants will also appreciate the ample parking, with a total of 6 parking spaces available. The lot also has additional space to put storage units which can be rented out to tenants for additional monthly income. Whether you're looking to expand your investment portfolio or secure a high-demand rental property in a desirable location, this multi-unit gem checks all the boxes. Don't miss out on this rare opportunity!
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Location
- Directions: From PCH turn south on Cherry Avenue and the property will be to your left. It is located on Cherry Avenue in between PCH and East 17th Street.
- Lot Size Acres: 0.1376 acres
Building Details
- Water Source: Public
- Lot Features: RectangularLot
- Open Parking Spaces: 6
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: OneCommonWall
- Construction Materials: Stucco
- Fencing: WroughtIron
- Foundation Details: Raised,Slab
- Garage Spaces: 0
- Levels: Two
- Number Of Buildings: 2
- Floor covering: Laminate, Vinyl
Amenities & Features
- Pool Features: None
- Parking Features: Assigned,Concrete,Paved,Private,OneSpace
- Security Features: CarbonMonoxideDetectors,SmokeDetectors
- Spa Features: None
- Accessibility Features: None
- Parking Total: 6
- Roof: Shingle
- Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected
- Cooling: WallWindowUnits
- Electric: Standard
- Fireplace Features: None
- Heating: NaturalGas
- Interior Features: Unfurnished,BedroomOnMainLevel,WalkInClosets
- Laundry Features: CommonArea,LaundryRoom
- Appliances: Dishwasher,GasCooktop,GasRange,WaterHeater
Expenses, Fees & Taxes
- Trash Expense: 0
- New Taxes Expense: $19,987
- Association Fee: 0
- Electric Expense: $888
- Fuel Expense: $1,050
- Insurance Expense: $3,206
- Water Sewer Expense: $1,970
Miscellaneous
- List Office Name: Luxury Collective
- Listing Terms: Cash,CashToExistingLoan,CashToNewLoan,Conventional,Exchange1031,FannieMae,FreddieMac,Submit
- Common Interest: None
- Community Features: Curbs
- Attribution Contact: 626-590-2845