Long Beach, CA 90802,318 Cherry AVE

$2,260,000

$2,049,000

10.3%
Est.Price: ?

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Est. payment /mo

9,740 SqFt


SOLD DATE : 10/30/2013

Key Details

Sold Price $2,260,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 9,740 sqft

Price per Sqft $232

Subdivision Belmont Heights (Bh)

MLS Listing ID SB13163852

Sold Date 10/30/13

HOA Y/N No

Year Built 1987

Tax Year 2012

Lot Size 9,191 Sqft

Acres 0.211

Property Description

This fabulous 2 story walk-up building over gated parking is located only 3 blocks to the water in an excellent area of Bellmont Heights. The building is walking distance to Bixby Park and is surrounded by high quality apartment buildings and condminiums. It was built in 1987 and the units offer wonderful tried and true floorplans. Rents have quite a bit of room to move. The last rent of $1,225 demonstrates the upside potential of this property as an apartment building. The building has an approved tract map for condo conversion from 2008 (buyer to verify condition of filing), so it has additional upside from that perspective. The individual units feel much more spacious than the actual square footage would indicate. The units on the upper floor have vaulted ceilings for an even more spacious feel. It is tough to find good buildings in quality locations like this one, and it is priced to move. Please email listing agent for a set-up.

Location

State CA

County Los Angeles

Area 2 - Belmont Heights, Alamitos Heights

Rooms

Ensuite Laundry LaundryRoom

Interior

Interior Features BuiltinFeatures, CeramicCounters, TileCounters

Laundry Location LaundryRoom

Heating WallFurnace

Cooling None

Flooring Carpet

Fireplaces Type None

Fireplace No

Appliance Dishwasher, GasCooktop, GasWaterHeater

Laundry LaundryRoom

Exterior

Exterior Feature RainGutters

Garage Assigned, SeeRemarks

Carport Spaces 18

Fence GoodCondition

Pool None

Community Features Gutters, StreetLights, Sidewalks, Marina, Park

Utilities Available SewerConnected

Waterfront Description OceanSideOfHighway

View Y/N No

View None

Roof Type Composition

Parking Type Assigned, SeeRemarks

Total Parking Spaces 18

Private Pool No

Building

Lot Description Level, NearPark, Paved

Faces West

Story 3

Entry Level ThreeOrMore

Water Public

Architectural Style CapeCod

Level or Stories ThreeOrMore

Others

Senior Community No

Tax ID 7263006142

Security Features CarbonMonoxideDetectors,SmokeDetectors

Acceptable Financing CashtoNewLoan

Listing Terms CashtoNewLoan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Freedman • RE/MAX Estate Properties
Bought with Robert Freedman • RE/MAX Estate Properties
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