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3617 Cherry Avenue

Long Beach, CA 90807
  • $990,000
  • STATUS: Active Under Contract
  • ON SITE: 223 Days
  • ID#: OC23205705
Under Contract
UPDATED: 101 min ago
$990,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Listing Agent(s): Scot Campbell of Coldwell Banker-Campbell Rltrs (714-960-6384)


Description

Turnkey Duplex 3617 & 3619 Cherry Avenue " Located in Historical California Heights!! This property has been completely remodeled & upgraded, see pictures and supplements for remodel building plans. (1) 2 Bedroom, 1 Bath unit and (1) 1 Bedroom, 1 Bat unit. The units feature upgraded kitchens and bathrooms, wood flooring, recessed lighting, double pane windows, concrete patio & parking areas, new roof, and more. Each unit has its own patio area and garage. Detached garage structure also includes laundry room. Seller has not increased rents in years... substantial potential to increase income. Close to transportation, numerous nearby employment opportunities, and amenities such as, shopping centers, dining hot spots, breweries, parks, golf courses, schools, and transportation . There is also the potential for converting the rear garage into an ADU to further maximize the property's full income potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T17:30:27.263. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/145021739
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3617 Cherry Avenue Long Beach, CA 90807

  • Price: $990,000
  • Status: Active Under Contract
  • On Site: 223 Days
  • Updated: 101 min ago
  • ID#: OC23205705
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1945
Built
Neighborhood:
,California Heights
County:
Los Angeles
Area:
6 - Bixby, Bixby Knolls, Los Cerritos
Property Description
Turnkey Duplex 3617 & 3619 Cherry Avenue " Located in Historical California Heights!! This property has been completely remodeled & upgraded, see pictures and supplements for remodel building plans. (1) 2 Bedroom, 1 Bath unit and (1) 1 Bedroom, 1 Bat unit. The units feature upgraded kitchens and bathrooms, wood flooring, recessed lighting, double pane windows, concrete patio & parking areas, new roof, and more. Each unit has its own patio area and garage. Detached garage structure also includes laundry room. Seller has not increased rents in years... substantial potential to increase income. Close to transportation, numerous nearby employment opportunities, and amenities such as, shopping centers, dining hot spots, breweries, parks, golf courses, schools, and transportation . There is also the potential for converting the rear garage into an ADU to further maximize the property's full income potential.
Exterior Features

Architectural Style Traditional Construction Materials Stucco Entry Level 1 Entry Location 1 Fencing Wood Foundation Details Raised Lot Features Sprinklers In Front Number Of Separate Electric Meters 2 Open Parking Spaces 1 Parking Features Garage Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof Composition

Interior Features

Accessibility Features No Stairs Appliances DishwasherDisposalGas RangeMicrowave Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Wood Heating Natural Gas Heating YN Yes Interior Features Open FloorplanRecessed LightingAll Bedrooms Down Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 2.85 Common Interest None Community Features CurbsGutter(s)Street LightsSuburbanSidewalks Current Financing None Garage YN Yes Gross Income 42900 Gross Scheduled Income 42900 Insurance Expense 1800 Land Lease YN No Laundry Features Common AreaLaundry RoomSee Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanSubmit Net Operating Income 28200 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 14700 Possession See Remarks Property Condition Updated/RemodeledTurnkey Property Sub Type Duplex Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3575 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1500 Water Source Public Zoning LBR1N



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T17:30:27.263. 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 Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Scot Campbell of Coldwell Banker-Campbell Rltrs (714-960-6384)