$1,225,000 - 1715 Cherry Avenue, Long Beach

  • 0Beds
  • Baths
  • 3,426SQ. Feet
  • 0.19Acres

This fee simple Multi-Family Investment opportunity is located in Long Beach California. The assets are located near the Pacific Coast Highway and Cherry Avenue intersection which are major transportation corridors boasting very high traffic counts making access to employment very attractive for tenants. Property has been recently upgraded with new roofs, dual pane windows, fresh paint and several units have been renovated with a granite package in the kitchens and bathrooms. This building has almost market rent insulating it from the issues of rent control. The 10% increase will add over $9,300 per year.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:OC19014256
  • Price:$1,225,000
  • Bathrooms:0.00
  • Square Footage:3,426
  • Acres:0.19
  • Year Built:1949
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:1715 Cherry Avenue
  • Area:Eastside, Circle Area (3)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:6
  • # of Garages:4

Interior

  • # of Stories:1
  • Stories:One Level

Exterior

  • Lot Description:31-35 Units/Acre

Additional Information

  • Date Listed:January 16th, 2019
  • Days on Market:181
  • Zoning:LBCNR

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Provided By: Jason Kirklen(01939655), Vantis Capital Advisors.

Based on information from California Regional Multiple Listing Service, Inc. as of August 25th, 2019 at 3:47am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.