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1615 Cherry Avenue Long Beach, CA $ 1,199,000
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$ 1,199,000 Get more info
1615 Cherry Avenue
$ 1,199,000
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Share Save

1615 Cherry Avenue

Long Beach, CA, 90813
$ 1,199,000
Bedrooms10 Baths4.0 Sq 3,546

Monthly Estimate*

$ 7,181

Listed by Y Realty
1615 Cherry Avenue, Long Beach, CA 90813 - Image 1
1615 Cherry Avenue, Long Beach, CA 90813 - Image 2
1615 Cherry Avenue, Long Beach, CA 90813 - Image 3
1615 Cherry Avenue, Long Beach, CA 90813 - Image 4
1615 Cherry Avenue, Long Beach, CA 90813 - Image 5
1615 Cherry Avenue, Long Beach, CA 90813 - Image 6
1615 Cherry Avenue, Long Beach, CA 90813 - Image 7
1615 Cherry Avenue, Long Beach, CA 90813 - Image 8
1615 Cherry Avenue, Long Beach, CA 90813 - Image 9
1615 Cherry Avenue, Long Beach, CA 90813 - Image 10

Multi-Family Home for sale in Long Beach, CA

for $1,199,000 with 10 bedrooms and 4 full baths. This 3,546 square foot home was built in 1949 on a lot size of 0.1674.

**Fantastic Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood!** Welcome to your next lucrative 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 2 expansive 3-bedroom apartments and 2 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space and modern living comfort. - **Prime Location:** 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.

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Multi-Family Active

Price

$ 1,199,000

Bedrooms

10

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Contemporary

Lot Size

0.1674

Year Built

1949

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24015369

Days on Market

236
Features
General
Interior Features CeilingFans LaminateCounters OpenFloorplan TileCounters AllBedroomsDown
Sewer PublicSewer
Heating NaturalGas
Cooling None
Utilities ElectricityConnected NaturalGasConnected SewerConnected
Possession CloseOfEscrow
Appliances Disposal GasRange GasWaterHeater Microwave Refrigerator RangeHood SelfCleaningOven WaterHeater
Exterior Features Awnings
Zoning LBCNR
Garage Spaces 2.0
Architectural Style Contemporary
Pool Features None
Security Features CarbonMonoxideDetectors FireDetectionSystem GatedCommunity SmokeDetectors
Construction Materials Drywall
Year Built 1949
Electric ElectricityOnProperty
View CityLights
Stories 1
Levels One
Property SubType Apartment
Gross Income 2400.0
Community Features StreetLights Sidewalks Gated
Accessibility LowPileCarpet NoStairs Parking AccessibleDoors AccessibleHallways
County Los Angeles
Net Operating Income 58995.0
Operating Expense 19665.0
Insurance Expense 400.0
New Construction N
Property Type ResidentialIncome
Home Owner Assoc N
Attached Garage N
Subdivision Name none
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions 405 South to Cherry Ave South to Pacific Coast Highway
City Long Beach
Entry Location Ground Floor
View Y/N Y
Senior Community Y/N N
NumberOfUnitsTotal 4
MLS Area 8 - Signal Hill
Lot Size Units SquareFeet
Lot Size Square Feet 7290.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Terms CashtoExistingLoan CashtoNewLoan OwnerMayCarry
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Current Financing Conventional
Fuel Expense 0.0
Trash Expense 200.0
Water Sewer Expense 550.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 196
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 12
Total Actual Rent 6900.0
Property Sub Type Additional Apartment
Cap Rate 3.5
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Interior
Flooring Carpet Laminate Tile
Fireplace Features None
Total Stories 1
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing Privacy WroughtIron
Parking Features Concrete DirectAccess DrivewayLevel DoorSingle GarageFacesFront Garage OnSite Paved
Lot Features Item01UnitAcre Garden Lawn Level Ranch Yard
Water Source Public
Total Parking 2.0
Lot Size Area 7290.0
Foundation Details Combination ConcretePerimeter
Number of Buildings 1
Spa N
Building Area Total 3546.0
Lot Dimensions 7288
Lot Size Acres 0.1674
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1615
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* Excluded Features
List By
Y Realty

Broker

(877) 976-5348

Phone

Affordability Calculator

$7,181
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,181
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/18/2024$1,199,000 -4.46% Price Down
6/5/2024$1,255,000 -1.57% Price Down
5/3/2024$1,275,000 -1.85% Price Down
2/21/2024$1,299,000 -3.78% Price Down
1/31/2024$1,350,000 Listed Price

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1615 Cherry Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,199,000 with 3,546 sqft and a lot size of 0.1674. 1615 Cherry Avenue has 10 bedrooms, 4.0 baths, and was built in 1949. The property's zip code is 90813 which is in Long Beach, CA

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