Current Listing | Ideal Pickup for Any Exchange Buyer
Cameron Samimi of Lyon Stahl is pleased to present 1094 Cherry Ave a beautifully remodeled, 5-Unit Cash Cow located in Long Beach.
This property is listed at $1,265,000.
Currently offering a 4.66% Cap rate, Cherry Ave. is an ideal pickup for any exchange buyer or investor looking for low maintenance, high return investment.
Cherry Ave. has a great unit mix, offering (3) 1-Bed/1-Bath & (2) 2-Bed/1-Bath units. Though title shows only 4-units, the current owner added and has permits for a 5th unit on the property.
The property has undergone a full renovation, including major system upgrades to both the plumbing and electricity. Each unit has had interior renovations with new bathrooms/ kitchens, flooring, and paint.
There is plenty of parking at the rear of the property, including (3) Garages as well as multiple uncovered spaces. The building is separately metered for gas and electric.
With room to raise rents in each unit, this is a great opportunity to capitalize on a cash-flowing asset with rental upside. Do not miss out on an opportunity to own a stabilized asset only blocks away from the $6B development pouring into Downtown Long Beach.
For More Information on this Property:
For More Information, Contact:
Cameron Samimi: [email protected]