• Call your local brokerage at 310.305.8000
For Sale:$599,000
$2,119/mo
Monthly Payment:
$2,119
Principal & Interest:
$2,119
HOA Dues:
$0
(Based on a 30 year fixed loan at 3.38% with $119,800 down)
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5959 Cherry Avenue


Long Beach, CA 90805

N/Asq ft N/A / sq ft MFR
Lot Size4,727sq ft Built1962 On site296days
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Recently refurbished and new upgrades. Opportunity to raise rents in 6 months. This Duplex and Commercial Office Space listing will catch the eye of many a sophisticated investor. The Duplex is on 60th street (Address for units is 1922 & 1930 E. 60th Street), each providing 2 bedrooms and 1 bath, copper plumbing, separately metered and a one car garage and are approximately 700 square feet each. The 2garages have laundry hook ups and are separately metered. The rents are lower than market and should be increased over the next 12 months. There is an upside rent potential. The Duplex Tenants are long term and rents are below market. 5959 Cherry /Commercial Unit ___On Cherry there is stand alone a 1063 square foot commercial building with 2 bathrooms that has been used as an office and retail outlet. This building is separately metered. The corner location commercial building gets plenty of street and foot traffic. It is well secured and has a roof Central A/C that is appreciated by tenants and customers. Please note that all three units have the same APN number and the property cannot be subdivided due to city regulations. APPOINTMENTS ONLY. Please DO NOT APPROACH TENANTS....
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Last Checked For Updates: 25 minutes We update property info including price, photos, sale status and more as soon as it’s available. ago Status: Active Views: 32
MLS #SB16033020 , Listed on 02/17/16 by KELLER WILLIAMS REALTY
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MLS Listing Information for 5959 Cherry Avenue

Interior Features

Laundry

  • In Garage

Bedroom

  • All Bedrooms Downstairs

Exterior Features

Parking

  • Driveway - Combination
  • Driveway - Concrete
  • Garage
  • Garage - Single Door
  • 2 Parking Spaces
  • 2 Garage Spaces

Stories Desc.

  • One Level

Garage Spaces

  • 2

Lot Size

  • 4,727 Sq. Ft.

Lot Description

  • 0-1 Unit/Acre

# of Units

  • 3

Utilities

Heating

  • Natural Gas
  • Wall Heater

Water

  • Public

Additional Information

County

  • Los Angeles

Listing Broker

  • KELLER WILLIAMS REALTY

Community Rec.

  • Curbs

Originating MLS

  • Multi-Regional Multiple Listing Service

Assessments

  • 0

Price History for 5959 Cherry Avenue

Date Event Price Source
09/12/16 Price Change: -$21,000 $599,000 CRMLS (Socal)
06/20/16 Price Change: -$5,000 $620,000 CRMLS (Socal)
02/17/16 New Listing $625,000 CRMLS (Socal)

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Houses for sale near 5959 CHERRY AVE
This Multi-Family home for sale in Long Beach, CA is currently listed for $599,000. Featuring a lot size of 4,727 Sq. Ft., 5959 Cherry Avenue was built in 1962 and has been on ERA.com for 296 days.

This listing is provided courtesy of KELLER WILLIAMS REALTY. Interested in viewing more homes for sale near 5959 Cherry Avenue Long Beach, CA 90805? You can search all Long Beach MLS listings, find a real estate agent, get a home value estimate and more on ERA.com.
Local real estate services provided by:
ERA Matilla Realty
ERA Matilla Realty
225 Culver Boulevard
Playa Del Rey, CA 90293
Steven Luc Matilla, CAL BRE 00398688
310.305.8000
Website provided and owned by ERA Matilla Realty.
5959 Cherry Avenue Long Beach, CA 90805 $599,000
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Data last updated: Thursday, December 8, 2016 at 3:34 PM. Properties in listings may have been sold or may no longer be available.