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1605 Cherry Avenue

Long Beach, CA 90813
Active
Multifamily
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Property listed by Kirklen Investment Group, Jason Kirklen 949-942-1302
$1,373,000
KIG presents Cherry Avenue Apartments, a four-unit multifamily investment opportunity located at 1605 Cherry Avenue in Long Beach, California. The property generates $100,800 in annual gross scheduled rental income ($8,400 monthly), with approximately 13% potential rental upside based on estimated market rents. Built in 1949, the single-story property offers a… Read MoreRead Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Quadruplex
Lot Size
0.17 Acres
Year Built
1949
MLS Number
OC26221690
Property Location Map
Additional Details
Building
Built in 1949, 1 building, 1 storey, Entry level: 1, Entry location: side
Community
Curbs, Gutters, StormDrains, StreetLights, Sidewalks
Expenses
Electric: $707, Fuel: $1,056, Insurance: $4,433, Operating: $39,148, Trash: $1,916, Water/Sewer: $2,102
Garage
2 spaces
Income
Gross Income: $100,800, Gross ScheduledIncome: $100,800, Net Operating Income: $58,628
Laundry
CommonArea
Lot
0.1674 acres, SixToTenUnitsAcre
Parking
2 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7261008018, Lot: 13
Tenant Pays
Electricity, Gas
Utilities
Water Source: Public, 5 separate electric meters, 5 separate gas meters
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Monthly Payment
$0
Bryant and Kenneth Lugo
Realtors
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Schools In The Area

Check out nearby schools with ratings and contact info.
John G. Whittier Elementary School 562-599-6263 Public KG-5
Franklin Middle School 562-435-4952 Public 6-8
Polytechnic High School 562-591-0581 Public 9-12
John G. Whittier Elementary School 562-599-6263 Public KG-5
John G. Whittier Elementary School 562-599-6263 Public KG-5
Franklin 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.