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$3,975,000
110 Days Online
6501 Cherry Avenue Long Beach, CA 90805
For Sale|Multi-Family|Pending
Subdivision:
North Long Beach (Nlb)
County:
Los Angeles
Listed by Mike Marcu of Mike Marcu, Broker ?
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Offering a strong current capitalization rate of 5.18% at the asking price this property lines up well with todays interest rates. Featuring 10 one bedroom and 6 two bedroom apartment units, this 16 unit building in Long Beach is situated in the middle of a dynamic area. Recent favorable zoning changes, in the 90805 zip code, the city of Long Beach has set the stage for substantial developements over the next 5 to 10 years. Paving the way for strong local job growth. In addition, the property is within the shere of influence of the Ports of Long Beach and Los Angeles. The building is clean and offers rental upside.
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Listing Snapshot
Price
$3,975,000
Days Online
110 Days
Bedrooms
N/A
Inside Area (SqFt)
11,391 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2519 Acres
Year Built
1961
MLS Number
OC22239480
Status
Pending
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 days ago | Listing updated with changes from the MLS | |
| 2 months ago | Status changed to Pending | |
| 4 months ago | Listing first seen online |
General Features
Parking
Assigned
Parking Spaces
10
Sewer
Sewer Tap Paid
Acreage
0.2519
Water
Public
Property Sub Type
Apartment
Garage Spaces
5
Zoning
LBCCA
Listing Conditions
Standard
Interior Features
Laundry Features
Common Area
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Exterior Features
Pool Features
None
Lot
Item1620 Units Acre
Community Features
Association Dues
0
Community Features
Urban
Senior Community
No
MLS Area
7 - North Long Beach
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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