1712 Cherry Avenue

Long Beach, CA 90804

$1,995,000
Price
10
Beds
7
Baths
4,122 Sq. Ft.
$484 / Sq. Ft.
4,122
Sq. Ft.
$484
per Sq. Ft.

Description

This well-maintained 4-unit property is a prime investment opportunity, located just minutes from the beach in the vibrant city of Long Beach, CA. 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...This well-maintained 4-unit property is a prime investment opportunity, located just minutes from the beach in the vibrant city of Long Beach, CA. 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!
  1. Listed by Gevork Jabakchurian • DRE #02137192 • Luxury Collective • 626-590-2845
  2. Listed by Eric Delgado • DRE #01831579 • Luxury Collective

Property Details for 1712 Cherry Avenue

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4122
LISTING UPDATED: 10/07/2024 06:44 AM

Property Details for 1712 Cherry Avenue

StatusActive
MLS #SR24196361
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.14 AC / 5,995 SF
CountyLos Angeles County

Building Information for 1712 Cherry Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.14 AC / 5,995 SF

Property Information for 1712 Cherry Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Telephone, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $400
  • Gross Scheduled Income: $134,400
  • Net Operating Income: $127,286
  • Laundry Income: $400
Expense Details
  • Operating Expense: $7,114
  • Fuel Expense: $1,050
  • Electric Expense: $888
  • Insurance Expense: $3,206
  • Trash Expense: $0
  • Water Sewer Expense: $1,970
  • Total Expenses: $7,114
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 575...
  • Tax Census Tract: 5751.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 23
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Gas Cooktop, Water Heater
  • Equipment: Dishwasher, Laundry Area, Room
  • Interior Features: Unfurnished
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Walk-In Closet
  • Bedroom Features: Main Floor Bedroom, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Natural Gas
  • Flooring: Laminate, Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: Front Doors
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Raised, Slab
  • Property Condition: Additions/Alterations, Repairs Cosmetic, Termite Clearance, Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Concrete
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,450
  • Unit Type Total Rent: $3,450
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,100
  • Unit Type Total Rent: $3,100
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,400
  • Unit Type Total Rent: $2,400
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2450
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number With Patio: 2
  • Number Wall AC: 4

Property History for 1712 Cherry Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1712 Cherry Avenue

Taxable ValueLand$1,020,000Additions$561,000Total$1,581,000
Tax Record2024$20,673 ($1,723 / month)
Home Facts
Total Finished SqFt4,122 SqFtAbove Grade Finished SqFt4,122 SqFtLot Size5,994 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLBCNRCountyLOS ANGELESAPN7261-006-024

Schools near 1712 Cherry Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lee Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1712 Cherry Avenue is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on September 26, 2024 by Luxury Collective, it's currently listed at $1,995,000. It has been on the market for a total of 21 days and was last sold on September 9, 2022. This listing's school district is Long Beach Unified School District. Nearby schools include Lee Elementary School, Jefferson Leadership Academies School and Wilson High School. 1712 Cherry Avenue is a 10-bed, 7-bath, 4,122 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Luxury Collective, Gevork Jabakchurian, DRE #02137192; Luxury Collective, Eric Delgado, DRE #01831579

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.