Long Beach, CA 90813 1712 Cherry Avenue
$1,599,000
9 more
Presented By: Gevork Jabakchurian with Luxury Collective; 626-590-2845
Beds • 10
Full/Half Baths • 6 / 1
SQFT • 4,122
Year Built • 1964
Home Details
CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. Rent totals include income generated from laundry room. Less than a 10-minute drive to the shoreline, this property offers convenience, great rental income, and modern living. All units are currently occupied and generating strong rental income at market rates, making it an ideal investment with immediate cash flow potential. The property has been well cared for, with all units in excellent condition. The detached 3 bed, 2 bath unit comes with its own private yard, perfect for added privacy and outdoor enjoyment. Tenants will also appreciate the ample parking, with a total of 6 parking spaces available. The lot also has additional space to put storage units which can be rented out to tenants for additional monthly income. Whether you're looking to expand your investment portfolio or secure a high-demand rental property in a desirable location, this multi-unit gem checks all the boxes. Don't miss out on this rare opportunity!
Presented By: Gevork Jabakchurian with Luxury Collective; 626-590-2845
Interior Features for 1712 Cherry Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Vinyl
Heating Y/NYes
Interior AmenitiesUnfurnished, BedroomOnMainLevel, WalkInClosets
Laundry FeaturesCommonArea, LaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 1712 Cherry Avenue
AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, GasRange, WaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.33
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs
Construction MaterialsStucco
ContingencyBuyer(s) and buyer's agent(s) to verify all MLS information for accuracy. Seller and listing agent/broker make no warranty or representation, expressed or implied or arising by operation of law. Broke
CoolingWallWindowUnits
CountyLos Angeles
DirectionsFrom PCH turn south on Cherry Avenue and the property will be to your left. It is located on Cherry Avenue in between PCH and East 17th Street.
DisclosuresRentControl
ElectricStandard
Electric Expense888.0
Electric On Property Y/NNo
Entry LocationFront Doors
Fuel Expense1050.0
Garage Spaces0.0
Garage Y/NNo
Gross Income2400.0
HOANo
HOA Fee$0.0
HeatingNaturalGas
Home Warranty Y/NNo
Insurance Expense3206.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031, FannieMae, FreddieMac, Submit
Lot Size Square Feet5995.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income106286.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces6.0
Operating Expense27101.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionAdditionsAlterations, RepairsCosmetic, UpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Subdivision NameZaferia
Tax Lot23
Taxes$19,987
Tenant PaysCableTv, Electricity, Gas, Sewer, TrashCollection, Telephone
Total Actual Rent11150.0
Trash Expense0.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense1970.0
Year Built1964
Year Built SourcePublicRecords
ZoningLBCNR
Exterior for 1712 Cherry Avenue
Building Area Total4122.0
Crops Included Y/NNo
FencingWroughtIron
Foundation DetailsRaised, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1376
Lot Size Area5995.0
Lot Size SourcePublicRecords
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAssigned, Concrete, Paved, Private, OneSpace
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,599,000
MLS#SR25098606
List Date
05/03/2025
Property Type
Multi-Family
Phone
(949) 290-7647
