1712 Cherry Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,122 sqft
Price per Sqft $412
MLS Listing ID CRSR25053462
Year Built 1964
Lot Size 5,995 Sqft
Property Sub-Type Quadruplex
Property Description
CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating market value income, located just minutes from the beach in the vibrant city of Long Beach, CA. The units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450. Unit #2: 3 Bed 2 Bath, pays $3100. Unit #3: 2 Bed 1 Bath, pays $2400. Unit #4: 2 Bed 1 Bath, pays $2200. 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!
Location
State CA
County Los Angeles
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Laminate,Vinyl
Laundry Common Area,Laundry Room
Exterior
View None
Building
Lot Description Other
Water Public