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$1,895,000

Est. payment - /mo

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5,995 Sqft Lot

Price Dropped by $55K

1712 Cherry AVE Long Beach, CA 90813

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

01/01/2025 06:06 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR24196361

Originating Board California Regional MLS

Year Built 1964

Lot Size 5,995 Sqft

Property Description

This well-maintained 4-unit property is a prime investment opportunity, located just minutes from the beach in the vibrant city of Long Beach, CA. Less than a 10-minute drive to the shoreline, this property offers convenience, great rental income, and modern living. All units are currently occupied and generating strong rental income at market rates, making it an ideal investment with immediate cash flow potential. The property has been well cared for, with all units in excellent condition. The detached 3 bed, 2 bath unit comes with its own private yard, perfect for added privacy and outdoor enjoyment. Tenants will also appreciate the ample parking, with a total of 6 parking spaces available. The lot also has additional space to put storage units which can be rented out to tenants for additional monthly income. Whether you're looking to expand your investment portfolio or secure a high-demand rental property in a desirable location, this multi-unit gem checks all the boxes. Don't miss out on this rare opportunity!

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Rooms

Kitchen Dishwasher, Other, Oven Range - Gas

Interior

Heating Gas

Cooling Window / Wall Unit

Flooring Laminate

Laundry In Laundry Room, Laundry Area

Exterior

Parking Features Assigned Spaces, Other

Garage Spaces 6.0

Pool 31, None

View None

Roof Type Shingle

Building

Foundation Raised, Concrete Slab

Water Hot Water, District - Public

Others

Tax ID 7261006024

Special Listing Condition Not Applicable

Listed by Gevork Jabakchurian • Luxury Collective

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA