5959 Cherry Avenue, Long Beach, CA 90805
Property · 4 recorded sales since 2015
Sold November 2017
Listing Agent: Charles Brewer (DRE #01939550) · Listing Office: Home Smart Realty Group · Contact: 562-912-7770 · Bought with: Charles Brewer · Home Smart Realty Group · MLS #PW17245643 · Source: CRMLS
About this property
Recently refurbished and new upgrades. Opportunity to raise rents in 6 months. This Duplex and Commercial Office Space listing will catch the eye of many a sophisticated investor. The Duplex is on 60th street (Address for units is 1922 & 1930 E. 60th Street), each providing 2 bedrooms and 1 bath, copper plumbing, separately metered and a one car garage and are approximately 700 square feet each.  The 2 garages have laundry hook ups and are separately metered. The rents are lower than market and should be increased over the next 12 months. There is an upside rent potential. The Duplex Tenants are long term and rents are below market. 5959 Cherry /Commercial Unit ___On Cherry there is stand alone a 1063 square foot commercial building with 2 bathrooms that has been used as an office and retail outlet. This building is separately metered. The corner location commercial building gets plenty of street and foot traffic. It is well secured and has a roof Central A/C that is appreciated by tenants and customers. Please note that all three units have the same APN number and the property cannot be subdivided due to city regulations. APPOINTMENTS ONLY. Please DO NOT APPROACH TENANTS....
Listing description from the November 2017 sale, as reported to CRMLS.
Sale history
