Long Beach, CA 90813,787 Cherry AVE

$2,170,000

$2,295,000

5.4%
Est.Price: ?

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Est. payment /mo

6,098 Sqft Lot


SOLD DATE : 11/18/2020

Key Details

Sold Price $2,170,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW20186491

Sold Date 11/18/20

HOA Y/N No

Year Built 1985

Lot Size 6,098 Sqft

Property Description

We are pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1985, the subject property consists of 6,222 rentable square feet spread throughout a 5,894 square foot lot. The unit mix consists of all 2-bedroom / 1-bathroom units. It is separately metered for gas and electricity.
Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Three Or More

Sewer Public Sewer, Septic Type Unknown, Unknown

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7267031012

Energy Description 1200.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap
Bought with General NONMEMBER • NONMEMBER MRML
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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