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1081 Cherry Avenue

Long Beach, CA 90813
Beds
2
Baths
6
Square Ft.
2,773
Active
Multifamily
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$1,150,000
1081 Cherry Avenue presents investors with a rare opportunity to acquire a fully occupied, cash-flowing six-unit asset in Long Beach at a compelling 6.08% current cap rate with immediate upside on the table. Offered at $1,150,000, $191,667 per unit and $415 per square foot, this 1923 built property delivers strong… Read MoreRead Less
Property listed by Lyon Stahl Investment Real Estate, Inc., John 'Jack' McCann 310-425-9838
Listing Snapshot
Days Online
6
Last Updated
Beds
2
Square Ft.
2,773
Lot Size
0.14 Acres
Year Built
1923
MLS Number
26676253
Property Location Map
Additional Details
Building
Built in 1923, Living area: 2773.0, 2 buildings, Levels: MultiSplit
Cooling
None
Heating
WallFurnace
Income
Gross Income: $110,208, Net Operating Income: $69,944
Lot
0.142 acres, Dimensions: 44x140
Parking
5 total parking spaces, Driveway, SharedDriveway, OnStreet
Taxes
Parcel Number: 7267014025, Zoning: LBR2N
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Keith Richardson
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Schools In The Area

Check out nearby schools with ratings and contact info.
Lincoln Elementary School 562-599-5005 Public KG-5
Franklin Classical Middle School 562-435-4952 Public 6-8
Polytechnic High School 562-591-0581 Public 9-12
Lincoln Elementary School 562-599-5005 Public KG-5
Lincoln Elementary School 562-599-5005 Public KG-5
Franklin Classical Middle School 562-435-4952 Public 6-8
Polytechnic High School 562-591-0581 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.