CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. Rent totals include income generated from laundry room. 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!
Property Details
Price:
$1,699,999
MLS #:
SR25053462
Status:
Active
Baths:
0
Address:
1712 Cherry Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Mar 10, 2025
State:
CA
ZIP:
90813
Lot Size:
5,995 sqft / 0.14 acres (approx)
Year Built:
1964
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Schools
Interior
Accessibility Features
None
Appliances
Dishwasher, Gas Range, Gas Cooktop, Water Heater
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Laminate, Vinyl
Heating
Natural Gas
Interior Features
Unfurnished
Exterior
Community Features
Curbs
Electric
Standard
Fencing
Wrought Iron
Foundation Details
Raised, Slab
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Features
Assigned, Concrete
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas, Sewer, Telephone, Trash Collection
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Map
Community
- Address1712 Cherry Avenue Long Beach CA
- Area3 – Eastside, Circle Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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1712 Cherry Avenue
Long Beach, CA
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