Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1101 Cherry Avenue, Long Beach, CA 90813
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    1101 Cherry Avenue
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    • MLS#: PW25007491 ( Apartment )
    • Street Address: 1101 Cherry Avenue
    • Viewed: 6
    • Price: $3,175,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1923
    • Bldg sqft: 0
    • Days On Market: 81
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90813
    • Provided by: The Mohler Real Estate Group
    • Contact: Shawn Shawn
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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!
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    Features
    Appliances
    1. Gas Oven
    2. Refrigerator
    Building Area Total
    1. 4508.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Construction Materials
    1. Stucco
    Cooling
    1. None
    Country
    1. US
    Days On Market
    1. 64
    Electric
    1. 220 Volts in Laundry
    Electric Expense
    1. 109.00
    Fencing
    1. Wood
    Fireplace Features
    1. None
    Flooring
    1. Vinyl
    Fuel Expense
    1. 4121.00
    Garage Spaces
    1. 0.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 0.00
    Laundry Features
    1. Community
    2. Dryer Included
    3. Gas Dryer Hookup
    4. Washer Included
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. 16-20 Units/Acre
    2. Zero Lot Line
    Netoperatingincome
    1. 223504.00
    Number Of Separate Electric Meters
    1. 17
    Number With Range
    1. 16
    Number Wit Hrefrigerator
    1. 16
    Parcel Number
    1. 7261031026
    Parking Features
    1. None
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Road Frontage Type
    1. City Street
    Roof
    1. Flat Tile
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 429910789:CRM
    Tenant Pays
    1. Electricity
    Totalexpenses
    1. 223504.00
    Trash Expense
    1. 3257.00
    Utilities
    1. Cable Available
    2. Electricity Connected
    3. Sewer Connected
    4. Water Connected
    Water Sewer Expense
    1. 6561.00
    Water Source
    1. Public
    Year Built
    1. 1923
    Year Built Source
    1. Assessor
    Zoning
    1. LBR2N
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836