Pending
  • Listing Provided by: 

    Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,

    Marcus & Millichap RE Invest

    Price cut: $250K (7/1)
    $4,450,000

    905-915 Cherry Ave, Long Beach, CA 90813

    28beds
    26baths
    15,328sqft
    : 
    Multi Family
    Built in 1922
    -- sqft lot
    $4,136,000 Zestimate®
    $290/sqft
    $-- HOA

    What's special

    On-site laundry facilitiesSurface and garage parking
    905 & 915 Cherry Avenue is a 2-property, 26-unit multifamily portfolio located in Long Beach, California. Built in 1922, 905 & 915 Cherry Avenue offers investors an opportunity to acquire a sizable footprint in one of Los Angeles County’s most desirable rental markets. 905 & 915 Cherry Avenue features an attractive mix of one and two-bedroom floor plans with desirable property amenities including surface and garage parking, and on-site laundry facilities. The portfolio is within walking distance of a variety of lifestyle amenities including Rose Park, the shops and restaurants of Retro Row, and Alamitos Beach. Additionally, the portfolio is just a short commute to employers in Downtown Long Beach and adjacent employment hubs such as the South Bay and Orange County via the 710 and 405 freeways. In summary, 905 & 915 Cherry Avenue’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With rental upside and strong rental metrics, 905 & 915 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.
    31 days
    on Zillow
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