1712 Cherry Avenue

Long Beach, CA 90813

PRICE REDUCED

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-$45,000 (-2.26%)

$1,950,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1964

calendar_month Built

Property Description

This well-maintained 4-unit property is a prime investment opportunity, located just minutes from the beach in the vibrant city of Long Beach, CA. 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!

Listing Information

List Price $1,950,000
Status Active
MLS SR24196361
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1964
Lot Size 5,995
Structure Size N/A
DOM 49
Courtesy Of Luxury Collective
Listing Agent Gevork Jabakchurian DRE#02137192
Co-Listing Agent Eric Delgado DRE#01831579

Interior Features

Laundry Information
Location(s) Common Area, Laundry Room
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate, Vinyl
Fireplace Information
Features None
Additional Information
Additional Features Unfurnished, Bedroom on Main Level, Walk-In Closet(s)
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Gevork Jabakchurian, Eric Delgado, Luxury Collective . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 13th, 2024 at 7:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.