1715 Cherry Avenue

Long Beach, CA 90813
$1,525,000
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 flowRead MoreRead Less
Property listed by Compass, Aspen Labrador 949-463-9892
Listing Snapshot
Days Online
33
Last Updated
Property Type
Mixed Use
Lot Size
0.19 Acres
Year Built
1949
MLS Number
NP25011374
Property Location Map
Additional Details
Building
Built in 1949, Building area total: 3,426, Levels: One, 1 story, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore, NoOneAbove, NoOneBelow
Community
Curbs
Expenses
Electric expense: $20, Fuel expense: $15, Gardener expense: $95, Insurance expense: $3,769, Licenses expense: $100, Maintenance expense: $4,800, New taxes expense: $20,146, Operating expense: $35,987, Trash expense: $75, Water sewer expense: $100
Garage
4 spaces
Income
Gross income: $120,288, Net operating income: $85,501
Laundry
CommonArea
Lot
0.1892 acres, 8,240 square feet, Size: 8,240, SixToTenUnitsAcre
Parking
4 totals parking
Pool
None
Property
Zoning: LBCNR
Sewer
PublicSewer
Tenant Pays
Electricity, Gas
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Monthly Payment
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Tina Burke
Realtor / CALDRE #01838777
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.