0 of 0Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#5767 ▼ +post_id: "65668" +post_author: 1 +"ListingKey": "1109265428" +"ListingId": "SB25063034" +"PropertyType": "Residential Income" +"PropertySubType": "Triplex" +"StandardStatus": "Active" +"ModificationTimestamp": "2025-04-15T22:31:56Z" +"RFModificationTimestamp": "2025-04-16T01:49:54.730791+00:00" +"ListPrice": 1250000.0 +"BathroomsTotalInteger": 0 +"BathroomsHalf": 0 +"BedroomsTotal": 0 +"LotSizeArea": 6276.0 +"LivingArea": 0 +"BuildingAreaTotal": 3642.0 +"City": "Long Beach" +"PostalCode": "90802" +"UnparsedAddress": "480 Cherry Avenue, Long Beach, California 90802" +"Coordinates": array:2 [▶ 0 => -118.167337 1 => 33.773147 ] +"Latitude": 33.773147 +"Longitude": -118.167337 +"YearBuilt": 1930 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListAgentFullName": "Keaton Quaack" +"ListOfficeName": "Lyon Stahl Investment Real Estate, Inc." +"ListAgentMlsId": "SBQUAAKEA" +"ListOfficeMlsId": "SB1310620" +"OriginatingSystemName": "CRMLS" +"PublicRemarks": """ We are pleased to exclusively offer for sale this 3 Unit multi-family investment located in the vibrant 90802 submarket of Long Beach. This large 3,642 SF triplex is steps away from 4th Street and strategically positioned near Retro Row. This is the first time the property has been on the market in 20 years and the unit interiors have been meticulously maintained representing a true pride of ownership asset. \r\r\n ◀ In addition to the building’s excellent location, one of the features is (2) generously sized 2 bedroom/1 bath units and (1) large 1 bedroom/1 bath unit. Further, the 1 bedroom back unit contains a spacious patio and gazebo – idyllic for all residents. Additionally, the upper 2 Bedroom unit will be delivered VACANT at the close of escrow. Along these lines, the property presents itself as an excellent owner user opportunity for buyer(s) looking to live in the vacant unit while utilizing the income from the other (2) to offset their annual debt service. Each unit is separately metered for gas and electricity, lowering overhead costs for the owner. As it stands, the offering presents strong day 1 income with a current CAP Rate of 4.45% and future upside given the areas excellent rental demand. In addition, the tenants have access to a garage and elongated driveway which equates to at least (6) total parking spaces on site, which is especially significant in this parking impacted submarket. On top of this, the large back yard is ideally suited to build ADUs for investors looking to increase their annual cash flow. Lastly, the building is eligible for the Mills Act, which provides property tax incentives.\r\r\n ◀ All in all, the building’s proximity to Retro Row and the vast dining, shopping, and entertainment options therein provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate. ◀ """ +"AttributionContact": "562-743-8204" +"BuildingAreaUnits": "Square Feet" +"CLIP": 7349086506 +"CapRate": 4.61 +"CoListAgentAOR": "South Bay" +"CoListAgentDirectPhone": "562-457-8126" +"CoListAgentEmail": "josh.barut@lyonstahl.com" +"CoListAgentFirstName": "Joshua" +"CoListAgentFullName": "Joshua Barut" +"CoListAgentKey": "17103019" +"CoListAgentKeyNumeric": "17103019" +"CoListAgentLastName": "Barut" +"CoListAgentMlsId": "SBBARUJOS" +"CoListAgentOfficePhone": "310-425-9838" +"CoListAgentStateLicense": "01971720" +"CoListAgentTollFreePhone": "562-457-8126" +"CoListAgentVoiceMail": "562-457-8126" +"CoListOfficeAOR": "South Bay" +"CoListOfficeFax": "888-570-2610" +"CoListOfficeKey": "3199870" +"CoListOfficeKeyNumeric": "3199870" +"CoListOfficeMlsId": "sb1310620" +"CoListOfficeName": "Lyon Stahl Investment Real Estate, Inc." +"CoListOfficePhone": "310-425-9838" +"CommonInterest": "None" +"CommonWalls": "1 Common Wall" +"CommunityFeatures": "Biking,Curbs,Dog Park,Golf,Gutter(s),Street Lights,Sidewalks,Urban,Park" +"Contingency": "PRIVATE REMARKS: Buyer(s) and/or its Representative(s) are required to perform any and all due diligence regarding the property and are advised to check with the city regarding permits to satisfy any concerns. The information herein has been secured from sources we believe to be reliable but representations, or warranties, expressed or implied, as to the accuracy of references including, but not limited to, square footage, land lines/boundaries, age are approximate. Buyer takes responsibility for all information and bears all risk for any inaccuracies ◀" +"ContractStatusChangeDate": "2025-03-26" +"Country": "US" +"CountyOrParish": "Los Angeles" +"CreationDate": "2025-03-27T09:16:11.449452+00:00" +"CumulativeDaysOnMarket": 20 +"DaysOnMarket": 70 +"DaysOnMarketReplication": 20 +"DaysOnMarketReplicationDate": "2025-04-15" +"DaysOnMarketReplicationIncreasingYN": true +"Directions": "On the corner of 4th St, and Cherry Ave" +"ElectricExpense": 240.0 +"ElevationUnits": "Feet" +"EntryLevel": 1 +"EntryLocation": "Ground" +"FireplaceFeatures": "Living Room" +"FireplaceYN": true +"GarageSpaces": "1.0" +"GarageYN": true +"GrossIncome": 86040.0 +"GrossScheduledIncome": 84840.0 +"InsuranceExpense": 4370.0 +"RFTransactionType": "For Sale" +"InternetAutomatedValuationDisplayYN": true +"InternetConsumerCommentYN": true +"InternetEntireListingDisplayYN": true +"LaundryFeatures": "Common Area" +"ListAgentAOR": "South Bay" +"ListAgentDirectPhone": "562-743-8204" +"ListAgentEmail": "keaton@lyonstahl.com" +"ListAgentFirstName": "Keaton" +"ListAgentKey": "21338988" +"ListAgentKeyNumeric": "21338988" +"ListAgentLastName": "Quaack" +"ListAgentOfficePhone": "310-425-9838" +"ListAgentStateLicense": "02172607" +"ListAgentTollFreePhone": "562-743-8204" +"ListAgentVoiceMail": "562-743-8204" +"ListOfficeAOR": "South Bay" +"ListOfficeFax": "888-570-2610" +"ListOfficeKey": "3199870" +"ListOfficeKeyNumeric": "3199870" +"ListOfficePhone": "310-425-9838" +"ListingAgreement": "Exclusive Right To Sell" +"ListingContractDate": "2025-03-26" +"ListingKeyNumeric": 1109265428 +"ListingService": "Full Service" +"ListingTerms": "Contract" +"LotFeatures": "Back Yard,Front Yard,Garden,Lawn,Landscaped,Near Park,Near Public Transit,Rectangular Lot,Yard" +"LotSizeAcres": 0.1441 +"LotSizeSource": "Assessor" +"LotSizeSquareFeet": 6276.0 +"MLSAreaMajor": "2 - Belmont Heights, Alamitos Heights" +"MajorChangeTimestamp": "2025-03-26T10:36:42Z" +"MajorChangeType": "New Listing" +"MlsStatus": "Active" +"NetOperatingIncome": 57657.0 +"NewTaxesExpense": 15005.0 +"NumberOfBuildings": 2 +"NumberOfSeparateElectricMeters": 3 +"NumberOfSeparateGasMeters": 3 +"NumberOfSeparateWaterMeters": 1 +"NumberOfUnitsTotal": "3" +"OnMarketDate": "2025-03-26" +"OnMarketTimestamp": "2025-03-26T10:36:42Z" +"OperatingExpense": "24081.0" +"OriginalEntryTimestamp": "2025-03-26T10:36:42Z" +"OriginalListPrice": 1250000.0 +"OriginatingSystemID": "CRM" +"OriginatingSystemKey": "374138764" +"OriginatingSystemSubName": "CRMLS_CRM" +"ParcelNumber": "7263003005" +"ParkingFeatures": "Concrete,Direct Access,Driveway Level,Driveway,Garage,Paved" +"ParkingTotal": "6.0" +"PhotosChangeTimestamp": "2025-03-26T18:11:12Z" +"PhotosCount": 16 +"PoolFeatures": "None" +"PostalCodePlus4": "2035" +"PropertyAttachedYN": true +"PropertySubTypeAdditional": "Triplex" +"Sewer": "Sewer Tap Paid" +"ShowingContactType": "Agent,None,See Remarks" +"SourceSystemID": "TRESTLE" +"SourceSystemKey": "1109265428" 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