1712 Cherry Avenue new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,122 sqft
Price per Sqft $387
MLS Listing ID CRSR25098606
Bedrooms 10
HOA Y/N No
Year Built 1964
Lot Size 5,995 Sqft
Acres 0.14
Property Sub-Type OTHER
Property Description
CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. Rent totals include income generated from laundry room. 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
Zoning LBCN
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Laminate,Vinyl
Fireplace No
Laundry Common Area,Laundry Room
Exterior
Exterior Feature Other
Utilities Available Sewer Connected
View Y/N false
View None
Total Parking Spaces 6
Building
Lot Description Other
New Construction No
Others
Tax ID 7261006024