8
See all 8 photos
$1,373,000
Est. payment /mo
9 Beds
6 Baths
7,292 Sqft Lot
New
1605 Cherry Avenue Long Beach, CA 90813
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26221690
Bedrooms 9
Lot Size 7,292 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
KIG presents Cherry Avenue Apartments, a four-unit multifamily investment opportunity located at 1605 Cherry Avenue in Long Beach, California. The property generates $100,800 in annual gross scheduled rental income ($8,400 monthly), with approximately 13% potential rental upside based on estimated market rents. Built in 1949, the single-story property offers a mix of two- and three-bedroom residences, complemented by two garage parking spaces. Individual exterior entrances open onto a shared landscaped courtyard featuring mature greenery and gated pedestrian access. The single-story layout provides residents with no upstairs neighbors, contributing to the property's inviting residential setting. Situated along Cherry Avenue near Pacific Coast Highway, the property offers convenient access to neighborhood shopping, dining, and public transportation. Its location connects residents to destinations throughout Long Beach, while separate utility metering supports direct tenant billing for individually metered services and helps limit owner-paid utility expenses. Cherry Avenue Apartments offers investors an income-producing multifamily property combining strong in-place rental income, potential rental upside, courtyard living, and a desirable unit mix. ** DO NOT DISTURB TENANTS **
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cherry Avenue and PCH
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7261008018
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Jason Kirklen, DRE#01939655 Kirklen Investment Group
NEARBY SCHOOL & BUSINESS
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