$905,000
$995,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
4,604 Sqft Lot
SOLD DATE : 10/28/2022
Key Details
Sold Price $905,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cherry Manor (Cm)
MLS Listing ID PW22195548
Sold Date 10/28/22
HOA Y/N No
Year Built 1950
Annual Tax Amount $8,145
Tax Year 2022
Lot Size 4,604 Sqft
Property Description
Property Description:
6202 Cherry Avenue is a 4 unit apartment building, located in the city of Long Beach. The subject property is well-maintained and offers the new owner substantial upside in rents.
Property Highlights:
-Substantial Rental Upside
-Four Garages Available
-Gated Courtyard
-7.2% Cap Rate on Current Rents
-Excellent Visibility on Cherry Ave.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBCCA
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 26-30 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7119014007
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Joshua Glaz • Your Realty Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "