3617 Cherry Avenue Long Beach, CA $ 990,000
3617 Cherry Avenue
$ 990,000
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3617 Cherry Avenue

Long Beach, CA, 90807
$ 990,000
Bedrooms2 Baths1.0 Sq 1,310

Monthly Estimate*

$ 6,915

Listed by Coldwell Banker-Campbell Rltrs
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Multi-Family Home for sale in Long Beach, CA

for $990,000 with 2 bedrooms and 1 full bath. This 1,310 square foot home was built in 1945 on a lot size of 0.1245.

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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Multi-Family Active

Price

$ 990,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.1245

Year Built

1945

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC23205705

Days on Market

192

Features
General
Interior Features OpenFloorplan RecessedLighting AllBedroomsDown
Sewer PublicSewer
Heating NaturalGas
Cooling None
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession SeeRemarks
Roof Composition
Appliances Dishwasher Disposal GasRange Microwave
Zoning LBR1N
HOA 0.0
Garage Spaces 2.0
Architectural Style Traditional
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Construction Materials Stucco
Year Built 1945
Tenant Pays Electricity Gas
Stories 1
Levels One
Property SubType Duplex
Gross Income 42900.0
Community Features Curbs Gutters StreetLights Suburban Sidewalks
Accessibility NoStairs
County Los Angeles
Net Operating Income 28200.0
Operating Expense 14700.0
Insurance Expense 1800.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name California Heights
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions Cherry Avenue (inside street) north of 36th & south of 37th
City Long Beach
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 1.0
Total Units 2
MLS Area 6 - Bixby Bixby Knolls Los Cerritos
Lot Size Square Feet 5424.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Street Name Cherry
Listing Terms Cash CashtoNewLoan Submit
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Property Condition UpdatedRemodeled Turnkey
Trash Expense 0.0
Water Sewer Expense 1500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 190
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source Assessor
Tax Lot 10
Total Actual Rent 3575.0
Property Sub Type Additional Duplex
Cap Rate 2.85
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Interior
Flooring Wood
Fireplace Features None
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea LaundryRoom SeeRemarks
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing Wood
Parking Features Garage
Lot Features SprinklersInFront
Water Source Public
Total Parking 3.0
Lot Size Area 5424.0
Foundation Details Raised
Number of Buildings 2
Spa N
Building Area Total 1310.0
Lot Size Acres 0.1245
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 3617
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* Excluded Features
List By
Coldwell Banker-Campbell Rltrs

Broker

(714) 336-0394

Phone

Affordability Calculator

$6,915
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,915
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/7/2023$990,000 Listed Price

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3617 Cherry Avenue, Long Beach, CA, 90807 is a Multi-Family Home for sale at $990,000 with 1,310 sqft and a lot size of 0.1245. 3617 Cherry Avenue has 2 bedrooms, 1.0 baths, and was built in 1945. The property's zip code is 90807 which is in Long Beach, CA