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$3,195,000
287 Days On Site

315 Cherry Avenue
Long Beach, CA 90802

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
6,392
SqFt
$500
/SqFt
1923
Built
Subdivision:
Alamitos Beach (AB)
County:
Los Angeles
Listed by Matthew Mahowald of Buckingham Investments, Inc [email protected]

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315 Cherry Avenue315 Cherry Avenue315 Cherry Avenue315 Cherry Avenue
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Monthly Payment (Est.)

$14,577
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

Charming, turnkey, and in a prime location – this is the generational asset you have been looking for! This clean and well-maintained 8-unit property consists of six 1bed/1bath units (over 900 sqft each) and two studio units with four garages. All the units are large, allow for a ton of natural light inside, have great layouts with cool original features (like French Doors, custom built-ins, fire places, etc.). Plus, the vintage character of this classic Spanish style property has been meticulously preserved, while modern amenities have been added over time like laundry units, AC/Heating units, modern kitchens, lighting, ceiling fans, etc. in each unit. The entire property is secured, has drought-resistant landscaping, and has separate electrical and gas meters for each unit. Located within Alamitos Beach, this highly sought after neighborhood of Costal Long Beach is in close proximity to the best the city has to offer – local parks (Carroll & Bixby Park), local beaches (Alamitos & Junipero Beach), local restaurants (4th Street Corridor & Retro Row), local golf courses, public transportation, etc. Plus, this neighborhood is securely anchored by the thriving local economy that continues to grow within Downtown Long Beach. For the savvy investor, the potential may exist to convert the garages into two studio units and/or to add additional bedrooms/ bathrooms to the existing large 1bed units. Also, one might consider a short-term and/or mid-term rental strategy to boost the income even more. This perfect combination is what every tenant is looking for in this area, which keeps vacancy rates low and market rental rates as high as possible – making this a great addition to any investors portfolio!

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Listing Snapshot
Price 
$3,195,000
Days On Site 
287 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,392 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1551 Acres
Year Built 
1923
MLS® Number 
SB24022524
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoPrice changed to $3,195,000
3 months agoListing updated with changes from the MLS®
6 months agoStatus changed to Active
9 months agoListing first seen on site
General Features
Acres 
0.1551
Contingency 
None.
Foundation 
Raised
Garage 
Yes
Garage Spaces 
4
Number Of Stories 
2
Parking 
Garage
Parking Spaces 
4
Property Sub Type 
Mixed Use
Security 
Gated CommunitySmoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
6392
Stories 
Two
Style 
Spanish
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
LBR1N
Interior Features
Fireplace Features 
None
Flooring 
LaminateVinylWood
Heating 
Ductless
Interior 
Built-in FeaturesCeiling Fan(s)Open FloorplanRecessed Lighting
Laundry Features 
Electric Dryer HookupGas Dryer HookupInsideLaundry ClosetLaundry Room
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Exterior Features
Construction Details 
Unknown
Exterior 
Lighting
Fencing 
Security
Lot Features 
Back YardFront YardLandscapedNear Public TransitPaved
Other Structures 
Second Garage
Pool Features 
None
Road Frontage 
AlleyCity Street
Roof 
Flat
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
Eastside
Community Features 
GatedCurbsStreet LightsSidewalksPark
Financing Terms Available 
Cash1031 Exchange
MLS Area 
4 - Downtown Area, Alamitos Beach
Roads 
Alley PavedPaved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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