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Sold for $1,320,000 on 05/09/25
  • Listing Provided by: 

    Aspen Labrador DRE #02146663 949-463-9892,

    Compass,

    Kacey Taormina DRE #01920673,

    Compass

    Bought with: Compass
    $1,320,000

    1715 Cherry Ave, Long Beach, CA 90813

    7beds
    6baths
    3,426sqft
    Multi Family
    Built in 1949
    -- sqft lot
    $1,295,700 Zestimate®
    $385/sqft
    $2,642 Estimated rent

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    $2,642/mo

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    $2,642/mo

    Rent Zestimate®

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    $8,279/mo

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    $8,279/mo

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    What's special

    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 flow and immediate returns from day one. Residents benefit from the array of dining, shopping, and entertainment options along Cherry Avenue, as well as convenient access to major freeways and key job markets. Given the ongoing shortage of apartment housing and the rising cost of single-family homes in Southern California, Cherry Avenue offers long-term growth for savvy investors. **ASSUMABLE LOAN AVAILABLE @ 3.42% through December of 2026, inquire for details**

    Zillow last checked: 8 hours ago

    Listing updated: May 09, 2025 at 10:48am

    Listing Provided by:

    Aspen Labrador DRE #02146663 949-463-9892,

    Compass,

    Kacey Taormina DRE #01920673,

    Compass

    Bought with:

    Aspen Labrador, DRE #02146663

    Compass

    Kacey Taormina, DRE #01920673

    Compass

    Source: CRMLS,MLS#: NP25011374MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 6
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below
    Interior area
    • Total structure area: 3,426
    • Total interior livable area: 3,426 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 8,240 sqft
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 7261005008
    • Zoning: LBCNR
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1949

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs
    Location
    • Region: Long Beach
    • Subdivision: Circle (Ca)

    Other

    Other facts
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
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    Estimated market value
    $1,295,700