1605 Cherry AVE, Long Beach, CA 90813
1605 Cherry AVE, Long Beach, CA 90813
1605 Cherry AVE, Long Beach, CA 90813
1605 Cherry AVE, Long Beach, CA 90813
1605 Cherry AVE, Long Beach, CA 90813
1605 Cherry AVE, Long Beach, CA 90813
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Orlando Garcia

Orlando Garcia

+1(562) 413-7349
$ 1,373,000
Est. payment | /mo

7,291 Sqft Lot

Save
$ 1,373,000
Est. payment | /mo
Save

7,291 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26221690

HOA Y/N No

Year Built 1949

Lot Size 7,291 Sqft

Property Sub-Type Quadruplex

Property Description

We proudly present Cherry Avenue Apartments, a four-unit multifamily investment opportunity located at 1605 Cherry Avenue in Long Beach, California. The property generates $100,800 in annual gross scheduled rental income ($8,400 monthly), with approximately 13% potential rental upside based on estimated market rents. Built in 1949, the single-story property offers a mix of two- and three-bedroom residences, complemented by two garage parking spaces. Individual exterior entrances open onto a shared landscaped courtyard featuring mature greenery and gated pedestrian access. The single-story layout provides residents with no upstairs neighbors, contributing to the property's inviting residential setting. Situated along Cherry Avenue near Pacific Coast Highway, the property offers convenient access to neighborhood shopping, dining, and public transportation. Its location connects residents to destinations throughout Long Beach, while separate utility metering supports direct tenant billing for individually metered services and helps limit owner-paid utility expenses. Cherry Avenue Apartments offers investors an income-producing multifamily property combining strong in-place rental income, potential rental upside, courtyard living, and a desirable unit mix.
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Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7261008018

Energy Description 1056.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jason Kirklen Kirklen Investment Group 949-942-1302, DRE #01939655

Nearby Locations

Orlando Garcia

+1(562) 413-7349

ogarcia@realtygrouphs.com

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1605 Cherry AVE