232 Cherry Avenue Long Beach, CA ^$ 1,695,000

232 Cherry Avenue

^$ 1,695,000

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232 Cherry Avenue

Long Beach, CA, 90802

^$ 1,695,000

Studio Baths0.0 Sq 4,263

Monthly Estimate*

^$ 11,265

Listed by Pabst, Kinney & Associates

232 Cherry Avenue, Long Beach, CA 90802 - Image 1

232 Cherry Avenue, Long Beach, CA 90802 - Image 2

232 Cherry Avenue, Long Beach, CA 90802 - Image 3

232 Cherry Avenue, Long Beach, CA 90802 - Image 4

232 Cherry Avenue, Long Beach, CA 90802 - Image 5

232 Cherry Avenue, Long Beach, CA 90802 - Image 6

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232 Cherry Avenue, Long Beach, CA 90802 - Image 8

232 Cherry Avenue, Long Beach, CA 90802 - Image 9

232 Cherry Avenue, Long Beach, CA 90802 - Image 10

Studio

Commercial Property for sale in Long Beach, CA

for $1,695,000. This 4,263 square foot building was built in 1920 on a lot size of 0.1706.

Exciting Investment Opportunity in Alamitos Beach! Prime Location and Corner Lot. The subject property is on 2 separate parcels, comprised of two commercial buildings and a parking lot. 232 Cherry is comprised of two separate structures, consisting on one 2,695 SF building (currently vacant), and another 1,568 SF building , consisting of two ground floor retail units, and a 2nd story 1bd/1bth apartment unit. 2000 E. Appleton Street consists of 2,985 SF parking lot, and consists of 8 parking spaces. Two blocks from the Ocean and two blocks from 4th Street Retro Row. The property offers tremendous upside and endless possibilities.

Commercial Active

Price

^$ 1,695,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1706

Year Built

1920

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23188044

Days on Market

244

Features

Exterior

Lot Features CornerLot

Water Source Public

Total Parking 8.0

Lot Size Area 7431.0

Number of Buildings 2

Spa N

Building Area Total 4263.0

Street Suffix Avenue

Lot Size Acres 0.1706

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 1920

Property SubType MixedUse

Additional Parcels Description 7263007029

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions Corner of Cherry Ave. and Broadway

City Long Beach

View Y/N N

Senior Community Y/N N

Open Parking Spaces 8.0

NumberOfUnitsTotal 4

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units SquareFeet

Lot Size Square Feet 7431.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 3

Street Name Cherry

Listing Terms Cash CashtoNewLoan

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Current Financing None

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 210

Building Area Units SquareFeet

Standard Status ActiveUnderContract

Occupancy Type Owner

Property Sub Type Additional MixedUse

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 232

* Excluded Features

List By

Pabst, Kinney & Associates

Broker

(562) 987-3244

Phone

Affordability Calculator

$11,265

Per Month

Monthly Principal & Interest: $11,265
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Long Beach, CA

Average List Price ^$1,642,879

Percent of Sale Price 3%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/11/2023	$1,695,000		Listed Price

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232 Cherry Avenue, Long Beach, CA, 90802 is a Commercial Property for sale at $1,695,000 with 4,263 sqft and a lot size of 0.1706. 232 Cherry Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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232 Cherry Avenue

Commercial Property for sale in Long Beach, CA

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