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**
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48383251
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Exterior Features
Building Information
- Year Built: 1949
- Building Area Total: 3,426
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1892
- Lot Size Source: Public Records
- Lot Size Square Feet: 8240
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Listing Information
Listing Price Information
- Original List Price: 1,525,000
- Listing Contract Date: 2025-01-01
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7261005008
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 3 - Eastside, Circle Area
- Postal Code Plus 4: 2557
- Directions: East 17th Street & Cherry Avenue
- Zoning: LBCNR
- Source Property Type: Residential Income
- Area: 3 - Eastside, Circle Area
- Property SubType: Mixed Use
Building and Construction
- Property Age: 76
- Common Walls: 2+ Common Walls,No One Above,No One Below
- Structure Type: Mixed Use
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 01/22/2025 @ 21:42
- MLS: NP25011374
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 3,426 sqft, 8,240 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home are nearby neighborhoods.