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.
Off market
$1,132,000
1615 Cherry Ave, Long Beach, CA 90813
--beds
--baths
3,546sqft
Multi Family
Built in 1949
-- sqft lot
$1,132,000 Zestimate®
$319/sqft
$2,281 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 30, 2025 at 06:45pm
Source: CRMLS,MLS#: PW24251854
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater
- Laundry: Common Area
Features
- Ceiling Fan(s), Laminate Counters, Open Floorplan, Tile Counters, All Bedrooms Down
- Flooring: Carpet, Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,546
- Total interior livable area: 3,546 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Direct Access, Driveway Level, Door-Single, Garage Faces Front, Garage, On Site, Paved
- Garage spaces: 2
Accessibility
- Accessibility features: Low Pile Carpet, No Stairs, Parking, Accessible Doors, Accessible Hallway(s)
Features
- Levels: One
- Stories: 1
- Entry location: Ground Floor
- Exterior features: Awning(s)
- Pool features: None
- Spa features: None
- Fencing: Privacy,Wrought Iron
- Has view: Yes
- View description: City Lights
Lot
- Size: 7,290 sqft
- Dimensions: 7288
- Features: 0-1 Unit/Acre, Garden, Lawn, Level, Ranch, Yard
Details
- Parcel number: 7261008027
- Zoning: LBCNR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Drywall
- Foundation: Combination, Concrete Perimeter
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Fire Detection System, Gated Community, Smoke Detector(s)
Community
- Community features: Street Lights, Sidewalks, Gated
Location
- Region: Long Beach
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 6900
Other
Other facts
- Listing terms: Cash to Existing Loan,Cash to New Loan,Owner May Carry
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,132,000