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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!

Features
: natural gas
: Wall/window Unit(s)
2
1
: Individual Room, Common Area
0
: Curbs
Additional Information
Luxury Collective
0
SR207068797
SR0261900
Gevork
7261006024
: Standard
Two
43

Multi-Family For Sale

1712 Cherry Avenue, Long Beach, California 90813

4,122 Sqft
$1,950,000
Listing ID #SR24196361
Basic Details
Status : Active
DaysOnMarket : 48
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SR24196361
Price : $1,950,000
Living Area : 4,122 Sqft
Lot Size : 5,995 Sqft
Year Built : 1964
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $473
ModificationTimestamp : 2024-11-13 10:05:08
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