$1,025,000
$1,200,000
14.6%For more information regarding the value of a property, please contact us for a free consultation.
8,502 Sqft Lot
SOLD DATE : 05/10/2024
Key Details
Sold Price $1,025,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision ,N/A
MLS Listing ID PW24054099
Sold Date 05/10/24
HOA Y/N No
Year Built 1922
Lot Size 8,502 Sqft
Property Sub-Type Mixed Use
Property Description
With a strong unit mix of majority three-bedroom units, including a single-family home, and 45 percent rental upside this is an excellent value-add opportunity in a strong coastal rental market.
1752 Cherry Avenue comprises a Craftsman three-bedroom/two-bath house, a triplex with one three-bedroom/two-bath unit, one three-bedroom/one-bath unit, and one studio, and a rear building that contains a non-conforming studio and a single-car garage. The property is gated and also offers four surface parking spaces.
Located in Eastside Long Beach just a few parcels south of Pacific Coast Highway, 1752 Cherry Avenue is centrally located and within 10 minutes of the 405 and 710 freeways as well as Cal State Long Beach. Additionally, Long Beach City College's Pacific Coast Campus is just a few blocks away.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCNR
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Suburban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7261006019
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
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