Sid Fowler Real estate serving Anaheim Hills CA
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PROPERTY 6501 Cherry Avenue, Long Beach, CA 90805, MLS#PW18139537 - Multi-Family

Street View
    MLS#: PW18139537 ( Multi-Family )
  • Street Address: 6501 Cherry Avenue
  • Viewed: 3
  • Price: $3,745,000
  • Price sqft: $
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 161
Comments
  • 6501 Cherry Avenue is located in Long Beach, which is the 36th most populous city in the United States and 7th most populous in California. It is located within the Greater Los Angeles area of Southern California. The city is home to the Port of Long beach, one of the busiest ports in the world. Long Beach benefits from convenient access to the 405, 22, 605 & 710 Freeways, giving residents an easy commute to both Orange and Los Angeles Counties. Long beach beach is home to California State University, Long Beach, Long Beach City College along with major employers Long Beach memorial medical Center, Boeing Aerospace, Molina Heathcare and SCAN Health Plan. This investment opportunity consists of (10) one bedroom/one bathroom and (6) two bedroom/one bathroom units. This property also features on site laundry and garages. With upside potential in rents, this is a smart investment to any investor. *Bellflower Adjacent Location, *Great Mix of 1 & 2 Bedroom Units, *Recently Renovated Exterior & Interiors, *Garages & Covered Parking, * Copper Plumbing, *Considerable Upside in Rents, *Not Subject to Rent Control

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    Features
    Building Area Total
  • 11391.00
  • Carport Spaces
  • 5.00
  • Common Walls
  • No Common Walls
  • Country
  • US
  • Days On Market
  • 147
  • Electric Expense
  • 0.00
  • Fuel Expense
  • 0.00
  • Garage Spaces
  • 5.00
  • Insurance Expense
  • 4039.00
  • Laundry Features
  • Community
  • Lot Features
  • 16-20 Units/Acre
  • Netoperatingincome
  • 168296.00
  • Newtaxesexpense
  • 46813.00
  • Number Of Separate Electric Meters
  • 17
  • Number Of Separate Gas Meters
  • 17
  • Otherexpense
  • 14919.00
  • Otherexpensedescription
  • Utility
  • Otherincome1
  • 4800.00
  • Otherincomedescription
  • Laundry & Garage Income
  • Parcel Number
  • 7114006051
  • Pool Features
  • None
  • Postalcodeplus4
  • 2651
  • Professionalmanagementexpense
  • 3600.00
  • Sewer
  • Public Sewer
  • Totalexpenses
  • 80451.00
  • Trash Expense
  • 0.00
  • Vacancyallowance
  • 7693
  • Water Sewer Expense
  • 0.00
  • Water Source
  • Public
  • Year Built Source
  • Assessor
  • Zoning
  • LBCCA