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    1403 Cherry Avenue

    Long Beach, CA 90813
    • $1,777,779
    • STATUS: Active
    • ON SITE: 104 days
    • ID#: DW20108335
    UPDATED: 53 min ago
    $1,777,779
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,174
      SQFT
    • $560
      $/SQFT
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Description

    Ideal asset investment with 4 units retail/office for an investor or owner user. All tenants are on month to month, Gate in rear with 16 parking spaces. Great busy street front exposure, high traffic corridor Cherry ave. For adult use & cannabis permitted for dispensary and testing. Upside potential with 2 parcels. Brick fence and wrought iron gates, rear parking free standing Buildings.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T08:27:07.123. 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 Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

    www.tophomefinders.com/homes/106583271
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    1403 Cherry Avenue Long Beach, CA 90813

    • Price: $1,777,779
    • Status: Active
    • Updated: 53 min ago
    • ID#: DW20108335
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,174
    SQFT
    $560
    $/SQFT
    1950
    Built
    Neighborhood:
    6 - Bixby, Bixby Knolls, Los Cerritos
    County:
    Los Angeles
    Area:
    6 - Bixby, Bixby Knolls, Los Cerritos
    Property Description
    Ideal asset investment with 4 units retail/office for an investor or owner user. All tenants are on month to month, Gate in rear with 16 parking spaces. Great busy street front exposure, high traffic corridor Cherry ave. For adult use & cannabis permitted for dispensary and testing. Upside potential with 2 parcels. Brick fence and wrought iron gates, rear parking free standing Buildings.
    Exterior Features

    Construction Materials Drywall WallsStone VeneerStucco Lot Features 0-1 Unit/AcreLot 10000-19999 SqftRectangular LotWalkstreet Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 7261017030 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Business Type AccountingBuild To SuitChurchClothingComputerConvenience StoreDance StudioElectronicsFinancialGift ShopHobbyPhotographerProfessional ServiceProfessional/OfficeReal EstateRetailTravelWholesale Cap Rate 1.68 Country Us Expense Year 27691 Gross Scheduled Income 90000.00 Insurance Expense 3729.00 Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 31918.00 Operating Expense 27691.00 Other Expense 212.00 Property Sub Type Retail Real Estate Tax Expense 23750.00 Special Listing Conditions Standard Tax Annual Amount 23750.00 Tax Rate 1.25 Tax Year 2018 Total Expenses 27691.00 Vacancy Allowance 2700 Vacancy Allowance Rate 3.00 Water Source Public

    Listing provided courtesy of Dieter Von Puschendorf of Century 21 Allstars and Rudy Lozano of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T08:27:07.123. 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 Camargo & Wilson Realty Team | Realty ONE Group Southwest. Licensed in the State of California, USA.

     
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    Camargo & Wilson Realty Team | Realty ONE Group Southwest
    41463 Margarita Road, Suite 100
    Temecula CA, 92591