1036 Cherry Avenue

Long Beach, CA 90813
Beds
10
Baths
8
Square Ft.
4,722
Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
$2,475,000
Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.5% from day 1! Excellent unit mix of 1 (3bed/1bath) unit and 7 (1bed/1bath) units including 2 brand-new attached ADUs. Several units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually meteredRead MoreRead Less
Listing Snapshot
Days Online
8
Last Updated
Beds
10
Square Ft.
4,722
Lot Size
0.13 Acres
Year Built
1921
MLS Number
26657279
Property Location Map
Additional Details
Building
Built in 1921, Living area: 4722.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $220,317, Net Operating Income: $160,902
Lot
0.1342 acres
Parking
None
Property
UpdatedRemodeled
Taxes
Parcel Number: 7262008019, Zoning: LBR2N
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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.