Long Beach, CA 90813 1101 Cherry Avenue
$3,175,000
35 more
Presented By: Shawn Mohler with The Mohler Real Estate Group; 562-505-7953
Beds • 16
Baths • 1
SQFT • 4,508
Year Built • 1923
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
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesCommonArea, GasDryerHookup
Total Stories2
Other Rooms
Entry Level1
General for 1101 Cherry Avenue
Additional Parcels Y/NNo
AppliancesGasOven, Refrigerator, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsCherry between 10th and Anaheim
ElectricVolts220InLaundry
Electric Expense109.0
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-01-17
Fuel Expense4121.0
Garage Spaces0.0
Garage Y/NNo
Gross Income223504.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet3961.0
Lot Size UnitsSquareFeet
MLS Area9 - Poly High
MobileHomeRemainsYNNo
Net Operating Income223504.0
New ConstructionNo
Number Of Units Total16
Operating Expense50756.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofFlatTile
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax LotA
Tenant PaysElectricity
Trash Expense3257.0
UtilitiesCableAvailable, ElectricityConnected, SewerConnected, WaterConnected
Water Sewer Expense6561.0
Waterfront Y/NNo
Year Built1923
Year Built SourceAssessor
ZoningLBR2N
Exterior for 1101 Cherry Avenue
Building Area Total4508.0
Crops Included Y/NNo
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre, ZeroLotLine
Lot Size Acres0.0909
Lot Size Area3961.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters17
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$3,175,000
MLS#PW25007491
List Date
01/11/2025
Property Type
Multi-Family
Phone
(562) 818-1655
