Bought with Aspen Labrador
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1715 Cherry AVE Long Beach, CA 90813
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Key Details
Sold Price $1,320,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRNP25011374
Sold Date 05/09/25
Originating Board California Regional MLS
Year Built 1949
Lot Size 8,240 Sqft
Property 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**
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Laundry Laundry Area
Exterior
Garage Spaces 4.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 7261005008
Special Listing Condition Not Applicable
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