$3,175,000
Est. payment /mo
3,961 Sqft Lot
Price Dropped by $24K
1101 Cherry AVE Long Beach, CA 90813
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25007491
Originating Board California Regional MLS
Year Built 1923
Lot Size 3,961 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Area 9 - Poly High
Rooms
Kitchen Refrigerator, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, Washer, Community Facility, Dryer
Exterior
Parking Features No Parking
Pool None
Roof Type Tile
Building
Lot Description Zero Lot Line
Water District - Public
Others
Tax ID 7261031026
Special Listing Condition Not Applicable
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Listed by Shawn Mohler • The Mohler Real Estate Group