Properties
Long Beach, CA 90813 1101 Cherry Avenue
$2,925,000
35 more
Presented By: Shawn Mohler with The Mohler Real Estate Group; 562-505-7953
Baths • 1
SQFT • 4,508
Home Details
Wow, this Spanish beauty is an absolute bread and butter property in the heart of Long Beach! Most every unit has been remodeled and updated. All units are vintage studios with either Juliet balconies on the 2nd floor or rear doors to a walk way for the lower units. Painted with designer colors, laminate flooring, vintage cabinets and all stoves and refrigerators are seller owned. There is an on-site coin operated laundry room with 2 washers and 2 dryers which adds to the already lucrative income on this property. The exterior has been fully repainted, the roof has a white Elasta-Coasting with a five year warranty to help reduce the heat on the upper apartments. The main exterior panel has had an impressive and massive upgrade. There is a small basement which will show the updates to the foundation and supports of the property. There is a cute slate rear courtyard for the tenants to utilize and also allows access to the rear dead end alley. This is a great property with tremendous opportunity for growth!
Presented By: Shawn Mohler with The Mohler Real Estate Group; 562-505-7953
Interior Features for 1101 Cherry Avenue
Other Interior Features
Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesCommon Area, Gas Dryer Hookup
Total Stories2
Other Rooms
Entry Level1
General for 1101 Cherry Avenue
Additional Parcels Y/NNo
AppliancesGas Oven, Refrigerator, Dryer, Washer
Building Area UnitsSquare Feet
CityLong Beach
Community FeaturesSidewalks
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsCherry between 10th and Anaheim
Electric220 Volts in Laundry
Electric Expense109
Entry Location1
Expected Active Date 2025-01-17
Fuel Expense4121
Garage Spaces
Garage Y/NNo
Gross Income223504
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet3961
Lot Size UnitsSquare Feet
MLS Area9 - Poly High
Net Operating Income223504
New ConstructionNo
Number Of Units Total16
Operating Expense50756
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofFlat Tile
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax LotA
Tenant PaysElectricity
Trash Expense3257
UtilitiesCable Available, Electricity Connected, Sewer Connected, Water Connected
Water Sewer Expense6561
Year Built1923
Year Built SourceAssessor
ZoningLBR2N
Exterior for 1101 Cherry Avenue
Building Area Total4508
FencingWood
Lot Features16-20 Units/Acre, Zero Lot Line
Lot Size Acres0.0909
Lot Size Area3961
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters17
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesNone
Private PoolNo
Road Frontage TypeCity Street
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
