1715 Cherry Avenue

Long Beach, CA 90813

$1,525,000

List Price

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1949

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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**

Listing Information

List Price $1,525,000
Status Active
MLS NP25011374
Type Residential Income
Subtype Mixed Use
Year Built 1949
Lot Size 8,240
Structure Size N/A
Courtesy Of Compass
Listing Agent Aspen Labrador DRE#02146663
Co-Listing Agent Kacey Taormina DRE#01920673

Interior Features

Laundry Information
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Bedrooms N/A
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Exterior Information

Maps

Listing information courtesy of: Aspen Labrador, Kacey Taormina, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 2:04 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.