$1,950,000
1712 Cherry Avenue
Long Beach, CA, 90813
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!
Property Details
Price:
$1,950,000
MLS #:
SR24196361
Status:
Active
Baths:
0
Address:
1712 Cherry Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Sep 20, 2024
State:
CA
ZIP:
90813
Lot Size:
5,995 sqft / 0.14 acres (approx)
Year Built:
1964
Schools
Interior
Accessibility Features
None
Appliances
Dishwasher, Gas Range, Gas Cooktop, Water Heater
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Laminate, Vinyl
Heating
Natural Gas
Interior Features
Unfurnished
Exterior
Community Features
Curbs
Electric
Standard
Fencing
Wrought Iron
Foundation Details
Raised, Slab
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Features
Assigned, Concrete
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas, Sewer, Telephone, Trash Collection
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
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Courtesy of Luxury Collective. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 1712 Cherry Avenue
Long Beach, CA
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