Stacey Alysson Melman

1101 Cherry AV Long Beach CA 90813 MLS #PW25007491

1101 Cherry AV
Long Beach, CA, 90813
$2,925,000
Beds
0 Baths
0 SqFt
0.09 Acres
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MLS #PW25007491 image #0
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!
AGENT: Shawn Mohler
LISTING BROKERAGE: The Mohler Real Estate Group
1101 Cherry AV
Long Beach, CA

Property Details

Price:
$2,925,000
MLS #:
PW25007491
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
9polyhigh
Listed Date:
Jan 17, 2025
Total Sq Ft:
4,508
Lot Size:
3,961 sqft / 0.09 acres (approx)
Year Built:
1923
9 – Poly High9polyhigh
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Schools

Interior

Appliances
RF, GO
Cooling
NO
Flooring
VINY
Heating
WL
Laundry Features
CM, GAS, DINC, WINC
Levels
U

Exterior

Common Walls
_2CW
Community Features
SDW
Construction Materials
STC
Fencing
WD
Roof
FLT

Financial

Net Operating Income
$223,504

Map

Community

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