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$ 1,325,000
Est. payment /mo
New
6759 Cherry AVE Long Beach, CA 90805
4,295 Sqft Lot
UPDATED:
12/20/2024 06:46 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24250996
HOA Y/N No
Year Built 1958
Annual Tax Amount $16,563
Lot Size 4,295 Sqft
Property Description
Built in 1958, the property is zoned LBCCA, boasts recent enhancements to maximize tenant appreciation and long-term value. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Currently, one studio and a one-bedroom unit are vacant, providing the opportunity to upgrade and secure market rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering a mix of Studio and 1 bedroom layouts, appealing to a range of tenants.
These commercial units are centrally located in Long Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick connections to LAX, downtown LA, and other Key metropolitan areas.
These commercial units are centrally located in Long Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick connections to LAX, downtown LA, and other Key metropolitan areas.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Utilities Available Sewer Connected
Roof Type Composition
Total Parking Spaces 6
Building
Lot Description 0-1 Unit/Acre, Near Public Transit
Story 2
Water Public
Others
Tax ID 7116007034
Special Listing Condition Standard
Listed by Chuck Chavez • Century 21 Allstars • Chuck@chuckchavez.com