Bought with Aspen Labrador • Compass
$1,320,000
$1,425,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
3,426 SqFt
SOLD DATE : 05/09/2025
Key Details
Sold Price $1,320,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,426 sqft
Price per Sqft $385
MLS Listing ID CRNP25011374
Sold Date 05/09/25
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1949
Lot Size 8,240 Sqft
Property Sub-Type Other
Property Description
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**
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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