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**
**ASSUMABLE LOAN AVAILABLE @ 3.42% through December of 2026, inquire for details**
Property Details
Price:
$1,425,000
MLS #:
NP25011374
Status:
Active Under Contract
Baths:
0
Address:
1715 Cherry Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Circle CA
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Jan 1, 2025
State:
CA
ZIP:
90813
Lot Size:
8,240 sqft / 0.19 acres (approx)
Year Built:
1949
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Schools
Interior
Exterior
Community Features
Curbs
Garage Spaces
4.00
Lot Features
6-10 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address1715 Cherry Avenue Long Beach CA
- Area3 – Eastside, Circle Area
- SubdivisionCircle (CA)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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1715 Cherry Avenue
Long Beach, CA
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