$2,260,000
$2,049,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
318 Cherry AVE Long Beach, CA 90802
9,740 SqFt
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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Bought with Robert Freedman • RE/MAX Estate Properties