CA > Long Beach
Long Beach, CA 90813,1712 Cherry AVE
Long Beach, CA 90813,1712 Cherry AVE
Long Beach, CA 90813,1712 Cherry AVE
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$1,950,000
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5,993 Sqft Lot
Price Dropped by $45K

1712 Cherry AVE Long Beach, CA 90813

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Naim Olachea

Naim Olachea

+1(951) 233-1890

UPDATED:

11/13/2024 06:05 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24196361

Construction Status Additions/Alterations,Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 5,993 Sqft

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!

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBCNR

Interior

Interior Features Unfurnished, Bedroom on Main Level, Walk-In Closet(s)

Heating Natural Gas

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Gas Range, Water Heater

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Concrete

Fence Wrought Iron

Pool None

Community Features Curbs

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Additions/Alterations,Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 7261006024

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Energy Description 1050.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Freddie Mac, Submit

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Gevork Jabakchurian • Luxury Collective • 626-590-2845

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Naim Olachea

Agent | License ID: 01956839

+1(951) 233-1890

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1712 Cherry AVE