1060 Cherry A & BLong Beach, CA 90813

Description

Prime Income-Producing Duplex in the Heart of Long Beach. This exceptional investment opportunity in one of Southern California’s most dynamic coastal cities is centrally located in a high-rental demand market and offers the perfect blend of steady rental income, future growth, and great location. The property is comprised of 2 separate units, ideal for investors or owner-occupants. Both units have new exterior & interior paint. Each unit features its own private garage - a highly desirable amenity for tenants giving it a competitive advantage to surrounding rentals and added rental value. The Front unit is currently rented at $3180/month, providing immediate income from day one. The front unit is comprised of 5 bedrooms (smaller sized) that have recent hard surface floor updates and 2 bathrooms. The spacious living room has tiled floors that extend to the ample kitchen equipped with abundant dark-stained cabinetry, granite countertops and includes a stove with fan/hood and double well sink. There’s also a charming shaded front porch, ample driveway parking that accommodates up to 3 vehicles and comes equipped with a wall heater. The back unit is currently vacant and has 4 rooms and 2 bathrooms with tile floors and hard floor surfaces throughout. The kitchen has ample wood-stained cabinetry with granite countertops and includes a stove and fan hood. The main bathroom has a tub and shower combo with pedestal sink and 2nd bathroom has a stand-alone shower. The driveway is accessible from an alley in the back that accommodates 1 car plus a 1 car garage. There’s also a private backyard with nice avocado tree. The property is conveniently located close by to everything that makes Long Beach so desirable. Close to Retro Row for unique boutiques, cafes, and local charm. Enjoy top-rated eateries and nightlife along 4th Street Corridor and a short 1.5-mile drive to Long Beach City Beach and waterfront attractions. Outdoor Recreation includes nearby Bixby Park and conveniently located just 3.5 miles from California State University, Long Beach. The property is just steps away from the bus pick-up and local grocery store and restaurants. Don’t miss out on this great investment property with multiple possibilities for owner occupants, house-hacking and pad splitting.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1918

Stories

1

Building area

2,108 Sq Ft

Lot size

0.13 acres

Garage spaces

2

Parking spaces

4

Days on market

178

MLS^® Listing#

PW26066695

Property Features

Interior

Ceiling Fan(s) · Granite Counters

Appliances

Gas Oven · Water Heater

Cooling

None

Heating

Natural Gas · Wall Furnace

Flooring

See Remarks · Tile

Fireplace

None

Pool

None

Parking

Garage Faces Front · Garage · Garage Faces Rear

Laundry

None

Fencing

Wood

Construction

Wood Siding

Foundation

Concrete Perimeter

Roof

Shingle

Community

Sidewalks

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$4,825

Parcel number

7262008023

Directions

Cherry Avenue and 10th Street