1101 Cherry Avenue

Long Beach, CA 90813

PRICE REDUCED

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-$28,800,000 (-90.00%)

$3,199,000

List Price

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bed Beds

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shower Baths

N/A sqft

straighten / sqft

1923

calendar_month Built

Property 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!

Listing Information

List Price $3,199,000
Status Active
MLS PW25007491
Type Residential Income
Subtype Apartment
Year Built 1923
Lot Size 3,961
Structure Size N/A
Courtesy Of The Mohler Real Estate Group
Listing Agent Shawn Mohler DRE#01910887

Interior Features

Laundry Information
Location(s) Common Area, Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Shawn Mohler, The Mohler Real Estate Group . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 17th, 2025 at 5:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.