1712 Cherry Avenue

Long Beach, CA 90813

About this property

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!

About this property

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 and Additional Information

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$1,950,000 Active
4,122 SQFT

Presented By Coldwell Banker Home Source

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Get in touch today! Phone: 1-760-684-8100
License #01902736
Brokerage
Luxury Collective 310-909-3464
1-310-909-3464
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Area Information

3 Eastside | Circle Area | Los Angeles County |

$ 1,950,000
This listing is play_arrow 143.8% higher than the average in the area
$ 800,000 in the area
4,122 SqFt
This listing is play_arrow 139.1% larger than the average in the area
1,724 SqFt in the area
$ 473 $/SqFt
This listing is play_arrow 1.9% more than the average in the area
$ 464 $/SqFt in the area
80 days on site
This listing is play_arrow 68.0% below the average in the area
250 days on site in the area

Schools in the Area

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Listed By Gevork Jabakchurian
Brokerage: Luxury Collective 310-909-3464

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