$1,185,000
For Sale

1615 Cherry Avenue

Long Beach, CA 90813
0.17 acres | #PW24251854
Listing OfficeY Realty
Browse 2 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood!
Welcome to your next apartment investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potential for growth in an area currently undergoing rezoning for additional apartment density.
Key Features:
- Unit Mix: This well-maintained building consists of 4 units, featuring 1 expansive 3-bedroom apartment and 3 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space and modern living comfort.
Nestled in the vibrant and up-and-coming neighborhood, this property is strategically positioned for optimal access to both the bustling city life and the tranquil beachfront. Residents can enjoy the best of both worlds.

  • Property Details
      • InteriorCeilingFans, LaminateCounters, OpenFloorplan, TileCounters, AllBedroomsDown
      • Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected
      • Lot DescriptionZeroToOneUnitAcre, Garden, Lawn, Level, Ranch, Yard
      • FoundationCombination, ConcretePerimeter
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • ViewCityLights
      • Original List Price$1,185,000
      • MLS #PW24251854
      • MLS #PW24251854
      • Property SubtypeApartment
      • Exterior MaterialsAwnings
      • Cost1185000
      • Acres0.1674
      • Utility SourcePublic
      • Year Built1949
      • Subdivisionnone
      • Stories1
      • Parking Spaces2

Location

Lucy & ArmenReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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