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1372 Cherry Avenue

Long Beach, CA 90813
  • $1,295,000
  • STATUS: Active Under Contract
  • ON SITE: 80 Days
  • MLS #: PW21240210
Under Contract
UPDATED: 30 min ago
$1,295,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

Listing Agent(s): William Smith of Bryant Drive Properties, Inc. (562-607-8580)


Description

ACCEPTING BACKUP OFFERS. 4 plex located in the heart of Long Beach - close to LBCC (PCH Campus) and LB Poly. Front duplex was built in 2021 from the ground up. The brand new front duplex has two 800 s.f, 2 bedroom - 1 bath units (one upstairs and one downstairs) with 9' ceilings and all the amenties you would expect from new constuction - grey shaker cabinets, new SS appliances (gas stove, over-the-range microwave, dishwasher and garbage disposal, celing fans in both bedrooms and family rooms, double paned / energy efficient windows, laminate flooring, beatifully tiled bathrooms, with large cubbies to store shampoo and other items, large medicine cabinets, and mirroed closet doors. The first floor unit features a private storage area under the stairs plus an enclosed backyard (approx. 22' wide and 8' deep. The upstairs unit features a back balcony. Tankless water heaters serve the front building. New 200 amp meters. Front duplex is 100% separately metered for water, gas, trash and sewer) There will be 1-2 surface spots in front. The existing rear duplex was built in 1955 and features 3 single car garages with two 500s.f 1 bedroom - 1 bath units above. Both are in original condition, just waiting to be updated. The rear duplex is not separately metered but water and electricity are miminal (less than $100/mo). The grounds have been fully landscaped and provide an idyllic setting for the tenants to enjoy. Currely the front upstairs unit is vacant, but will be actively marketed for $1950 + parking ($150 for a 1 car garage). The front apartment comes with a 1 year warranty for workmanship.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T18:26:20.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/122969612
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1372 Cherry Avenue Long Beach, CA 90813

  • Price: $1,295,000
  • Status: Active Under Contract
  • On Site: 80 Days
  • Updated: 30 min ago
  • MLS #: PW21240210
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2021
Built
Neighborhood:
Other (Othr)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
ACCEPTING BACKUP OFFERS. 4 plex located in the heart of Long Beach - close to LBCC (PCH Campus) and LB Poly. Front duplex was built in 2021 from the ground up. The brand new front duplex has two 800 s.f, 2 bedroom - 1 bath units (one upstairs and one downstairs) with 9' ceilings and all the amenties you would expect from new constuction - grey shaker cabinets, new SS appliances (gas stove, over-the-range microwave, dishwasher and garbage disposal, celing fans in both bedrooms and family rooms, double paned / energy efficient windows, laminate flooring, beatifully tiled bathrooms, with large cubbies to store shampoo and other items, large medicine cabinets, and mirroed closet doors. The first floor unit features a private storage area under the stairs plus an enclosed backyard (approx. 22' wide and 8' deep. The upstairs unit features a back balcony. Tankless water heaters serve the front building. New 200 amp meters. Front duplex is 100% separately metered for water, gas, trash and sewer) There will be 1-2 surface spots in front. The existing rear duplex was built in 1955 and features 3 single car garages with two 500s.f 1 bedroom - 1 bath units above. Both are in original condition, just waiting to be updated. The rear duplex is not separately metered but water and electricity are miminal (less than $100/mo). The grounds have been fully landscaped and provide an idyllic setting for the tenants to enjoy. Currely the front upstairs unit is vacant, but will be actively marketed for $1950 + parking ($150 for a 1 car garage). The front apartment comes with a 1 year warranty for workmanship.
Exterior Features

Fencing Chain LinkWood Foundation Details Slab Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DishwasherGas CooktopGas OvenMicrowaveTankless Water Heater Common Walls 1 Common Wall Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Central Heating YN Yes Interior Features Ceiling Fan(S) Window Features Double Pane WindowsEnergy Star Qualified Windows

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Current Financing None Electric Expense 600 Fuel Expense 0 Garage YN Yes Gross Income 78300 Gross Scheduled Income 78300 Insurance Expense 1500 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 59350 New Construction YN Yes New Taxes Expense 16250 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 18950 Possession Close Of Escrow Property Condition Additions/AlterationsBuilding Permit Rent Control YN No Security Features Fire Detection SystemFire Rated DrywallSmoke Detector(S)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricitySewerTrash CollectionWater Total Actual Rent 4425 Trash Expense 0 Water Sewer Expense 600 Water Source Public Zoning Lbcnr



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-22T18:26:20.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): William Smith of Bryant Drive Properties, Inc. (562-607-8580)