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$1,525,000

Est. payment - /mo

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8,241 Sqft Lot

New

1715 Cherry AVE Long Beach, CA 90813

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Julia Pickslay

julia@lahomesbyjulia.com +1(650) 862-2655

UPDATED:

01/21/2025 02:04 AM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Circle (Ca)

MLS Listing ID NP25011374

HOA Y/N No

Year Built 1949

Lot Size 8,241 Sqft

Property Description

1715 Cherry Avenue is a 6-unit multifamily property located in the highly sought-after Long Beach Market of Los Angeles County. The property features a mix of unit configurations, including (1) 2-bedroom, 1-bath unit, and (5) 1-bedroom, 1-bath units. The property offers a fully stabilized investment opportunity with strong cash flow and immediate returns from day one. Residents benefit from the array of dining, shopping, and entertainment options along Cherry Avenue, as well as convenient access to major freeways and key job markets. Given the ongoing shortage of apartment housing and the rising cost of single-family homes in Southern California, Cherry Avenue offers long-term growth for savvy investors.

**ASSUMABLE LOAN AVAILABLE @ 3.42% through December of 2026, inquire for details**

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBCNR

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7261005008

Energy Description 15.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Aspen Labrador • Compass • 949-463-9892

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Julia Pickslay

Agent | License ID: 02130149

+1(650) 862-2655