Long Beach, CA 90813 1372 Cherry Avenue

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  • MLS# PW21240210
  • 11/02/2021
  • Request Tour
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Presented By: William Smith with Bryant Drive Properties, Inc. - 562-607-8580
  • Beds • 6
  • Baths • 4
  • SQFT • 2,600
  • Garage • 3
  • Year Built • 2021

Home Details

4 plex located in the heart of Long Beach - close to LBCC (PCH Campus) and LB Poly. Front duplex was built in 2021 from the ground up. The brand new front duplex has two 800 s.f, 2 bedroom - 1 bath units (one upstairs and one downstairs) with 9' ceilings and all the amenties you would expect from new constuction - grey shaker cabinets, new SS appliances (gas stove, over-the-range microwave, dishwasher and garbage disposal, celing fans in both bedrooms and family rooms, double paned / energy efficient windows, laminate flooring, beatifully tiled bathrooms, with large cubbies to store shampoo and other items, large medicine cabinets, and mirroed closet doors. The first floor unit features a private storage area under the stairs plus an enclosed backyard (approx. 22' wide and 8' deep. The upstairs unit features a back balcony. The building will be outfitted with a leased 10kwH solar system with a fixed utility rate of $75/ unit (plus 2.9% annual increases) which is far less than what SCE is charging. Tankless water heaters serve the front building. New 200 amp meters. Front duplex is 100% separately metered for water, gas, trash and sewer) There will be 1-2 surface spots in front. The existing rear duplex was built in 1955 and features 3 single car garages with two 500s.f 1 bedroom - 1 bath units above. Both are in original condition, just waiting to be updated. The rear duplex is not separately metered but water and electricity are miminal (less than $100/mo). The grounds will be fully landscaped in the next 7 days providing an idyllic setting for the tenants to enjoy. Curretnly the front 2 units are vacant, but are actively being leased for $1950 + parking. This could be ideal for an owner to live in one and rent the others (greatly reducing your liivng costs or strictly as an investment. The front apartment comes with a 1 year warranty for workmanship.
Presented By: William Smith with Bryant Drive Properties, Inc. - 562-607-8580

Interior Features for 1372 Cherry Avenue

Other Interior Features

Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Window FeaturesDouble Pane Windows, ENERGY STAR Qualified Windows

General for 1372 Cherry Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Gas Cooktop, Gas Oven, Microwave, Tankless Water Heater
Community FeaturesUrban
FlooringLaminate, Tile
Garage Spaces3
Garage Y/NYes
HeatingCentral
Interior FeaturesCeiling Fan(s)
Land Lease Y/NNo
LevelsTwo
Listing AgentWilliam Smith - BRE#01431853
Listing Agent State License01431853
Lot Size Square Feet5148
MLS Area3 - Eastside, Circle Area
Open Parking Spaces2
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
PropertyConditionAdditions/Alterations, Building Permit
Security FeaturesFire Detection System, Fire Rated Drywall, Smoke Detector(s), Security Lights
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
StatusActive
Stories2
Subdivision NameOther (OTHR)
TermsCash to New Loan
Total Actual Rent2400
Total Units4
Water Sewer Expense600
ZoningLBCNR

Exterior for 1372 Cherry Avenue

FencingChain Link, Wood
Foundation DetailsSlab
Lot Features2-5 Units/Acre
Lot Size Acres0.12
Lot Size Area5148
Lot Size SourceBuilder
Lot Size UnitsSquare Feet
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Total Parking5
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $1,295,000
MLS#PW21240210
List Date 11/02/2021
Property Type Income
Phone 310.658.1749
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