1086 Cherry Ave, Long Beach, CA 90813

Great Investment Opportunity with increased upside potential! This Triplex is located in a fast developing central Long Beach corridor. This highly desirable rental neighborhood is well recognized for its excellent walk-ablity score , school district and convivence to the major Long Beach public transportation artery . County Assessor office shows this a three bedroom / three bath triplex. Due to the size of the units the Front Two Units have been converted to 2 bedrooms/1baths / 1 living room You will find the Large THIRD Apartment over the 4 Garages. This unit has a large 1 large bedroom and a separate big living room In addition to 4 single car garages there are 5 parking spots and a common yard in between the 2 buildings. This parking area and 4 garage set up is a real value for the tenants. The Driveway is common use with adjacent property. Rents are on a month to month basis and at the risk of being redundant carry an immediate up value potential and are scheduled for increase when covid regulations allow. As this property is separately metered the tenants pay for all utilities accept water and while the property is well maintained costs to the property owner are minor