Long Beach, CA 90805 6759 Cherry Avenue
$1,275,000
Pending
23 more
Presented By: Chuck Chavez with Century 21 Allstars; Chuck@chuckchavez.com
SQFT • 2,930
Year Built • 1958
Home Details
SELLER FINANCING AVAILABLE! Built in 1958, the property is zoned LBCCA, boasts recent enhancements to maximize tenant appreciation and long-term value. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Currently, no units are vacant, providing the opportunity to upgrade and secure market rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering a mix of Studio and 1 bedroom layouts, appealing to a range of tenants.
These commercial units are centrally located in Long Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick connections to LAX, downtown LA, and other Key metropolitan areas.
Presented By: Chuck Chavez with Century 21 Allstars; Chuck@chuckchavez.com
Interior Features for 6759 Cherry Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
LivingAreaSourceEstimated
Total Stories2
Other Rooms
Entry Level1
General for 6759 Cherry Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.49
Carport Y/NNo
CityLong Beach
CoolingWallWindowUnits
CountyLos Angeles
Directions91 fwy Cherry ave north
Electric On Property Y/NNo
Expected Active Date 2024-12-20
Garage Y/NNo
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense4020.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet4294.0
Lot Size UnitsSquareFeet
MLS Area7 - North Long Beach
MobileHomeRemainsYNNo
Net Operating Income99232.0
New ConstructionNo
Number Of Units Total7
Occupancy TypeTenant
Open Parking Spaces6.0
Operating Expense29523.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Annual Amount16563.0
UtilitiesSewerConnected
Waterfront Y/NNo
Year Built1958
Exterior for 6759 Cherry Avenue
Building Area Total2930.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, NearPublicTransit
Lot Size Acres0.0986
Lot Size Area4294.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
