6501 Cherry Avenue, Long Beach
Long Beach Home Sale
Offering a strong current capitalization rate of 5.18% at the asking price this property lines up well with todays interest rates. Featuring 10 one bedroom and 6 two bedroom apartment units, this 16 unit building in Long Beach is situated in the middle of a dynamic area. Recent favorable zoning changes, in the 90805 zip code, the city of Long Beach has set the stage for substantial developements over the next 5 to 10 years. Paving the way for strong local job growth. In addition, the property is within the shere of influence of the Ports of Long Beach and Los Angeles. The building is clean and offers rental upside.
Property Details
Additional Information
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- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90805
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- MLS® #:
- OC22239480
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- Lot Size:
- 0.25
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- Neighborhood:
- North Long Beach (NLB)
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- Garages:
- 5
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- HOA Dues:
- $
Price Change History for 6501 Cherry Avenue, Long Beach, (MLS® #OC22239480)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Pending (from Active) | – | – | |
| Price Reduced | $3,975,000 | $320,000 (7.45%) | |
| Price Reduced | $4,295,000 | $155,000 (3.48%) | |
| Price Reduced (from $4,635,000) | $4,450,000 | $185,000 (3.99%) |
Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 11:45am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.