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Listed by Aspen Labrador • Compass
$ 1,525,000
Est. payment | /mo
3,426 SqFt
$ 1,525,000
Est. payment | /mo
3,426 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,426 sqft
Price per Sqft $445
MLS Listing ID CRNP25011374
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1949
Lot Size 8,240 Sqft
Property Sub-Type Other
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
Interior
Fireplace No
Laundry Other
Building
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227