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Listing provided courtesy of Aneta Handian Ayrapetyan, Equity Union
Source CRMLS
5847 Cherry AveLong Beach, CA 90805
$1,400,000
bed
bath
0sq ft
5847 Cherry Ave, Long Beach, CA 90805
Highly desired area! New industrial and wharehouse buildings being build near by at 5860 Paramount Blvd, 5880 Paramount Blvd, 5910 Cherry Ave which will include over 500 permanent jobs near by. This gated property is located in Long Beach near Bixby Knolls area with plenty of restaurants and local shopping. It is a 4-plex with two studio units and two units with 2 bedrooms with one having 2 bathrooms and the other with 1 bathroom with his/her sink. Property gross revenue annually $91,972. Monthly utilities (water, gas, electric, trash) varies about $900 month. Utilities runs on 1 meter and divided up by tenants. Property has parking in the back for 4 vehicles and a 2 car garage with a total of 6 potential parking. The units had some updated in 2017 and 2018 with 3 of the units having laminate floor. Unit A and Unit D are pictures from 2018. Potential to make the garage into an ADU Unit #A - 2 bedrooms and 1 bath with double sink ...

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Home facts
Listing
Status
Active
Listed 7 days ago
Property type Multi-Family
Property
Year Built 1954
Style
Community North Long Beach (NLB)
Lot Size 3,496 sq ft
MLS # SR24097306
Price
List price $1,400,000
Price/sq ft $
Home details
Interior Features & Layout
Appliances
Kitchen Appliances: Gas Water Heater
Laundry Features: Common Area
Interior Features
Entry Location: street
Heating & Cooling
Has Heating: true
Has Cooling: true
Central
Wall Furnace
Central Air
Wall/Window Unit(s)
Rooms Info
Entry Level: 1

Property, Lot, Community & Exterior Features
Multi-Unit Info
Number Of Units Total: 4
Parking Info
Parking Features: Assigned
Garage Spaces: 2.0
Garage: true
Parking Spaces: 6.0
Building Info
Building Area Units: SquareFeet
Levels: Two
Total Sq. Ft.: 3520.0
MLS Property Type: Residential Income
Number of Stories: 2
Year Built Source: Public Records
Lot Info
Lot Size Source: Public Records
Elevation Units: Feet
Lot Details: 2-5 Units/Acre
Lot Size Area: 3496.0
Acres: 0.0803
Lot Size Units: Square Feet
Community Info
Number Of Buildings: 1
Street Lights
Sidewalks
Property Features
Common Walls: 1 Common Wall

Utilities & Other Information
Utility Info
Number Of Separate Electric Meters: 1
Electricity Available
Electricity Connected
Natural Gas Available
Natural Gas Connected
Phone Available
Sewer Available
Sewer Connected
Water Available
Water Connected
Number Of Separate Gas Meters: 1
Number Of Separate Water Meters: 1
Electric: Standard
Water & Sewer Info
Water Source: Public
Sewer: Public Sewer

Listing Details, Costs & Financing Information
Financial Info
Water Sewer Expense: 2984.0
Gross Income: 91900.0
Fuel Expense: 2984.0
Trash Expense: 118.0
Insurance Expense: 1733.0
Gross Scheduled Income: 91900.0
Operating Expense: 26000.0
Terms
Terms: 1031 Exchange
Lease Info
Net Operating Income: 65900.0
Monthly Rent: 7764.0
Listing Details
Status: Active
Originating System Name: CRMLS
Other
Electric Expense: 6705.0
Tax/Assessment Info
APN: 7123014019

School Neighborhood & Directions
Location
Zip Code: 90805
Area: 7 - North Long Beach
Neighborhood: North Long Beach (NLB)
Directions: Exit 91 FWY to Cherry Ave, South bound on Cherry Ave.
Country: US
Neighborhood
38
Listings
7
Days listed
$520.63
Price per sqft
103.09%
Sold over list %
Property history
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