Save
Ask
Tour
Hide
Share
$1,550,000
109 Days Online

1825 Cherry Avenue
Long Beach, CA 90806

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Royce Jefferson of Wiggs & Associates ?

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 562.896.2456
Is this the home for you? We can help make it yours.
562.896.2456
1825 Cherry Avenue1825 Cherry Avenue1825 Cherry Avenue1825 Cherry Avenue
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$7,072
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

***Opportunity Zone***Explore the exceptional investment opportunity at 1825 Cherry Ave, Long Beach, CA. This property comprises seven fully occupied buildings in the sought-after prime area of Long Beach, offered at an attractive price of $221k per unit. Currently, the property yields an impressive 5.35% Cap Rate and boasts a 15 Gross Rent Multiplier (GRM), with potential for substantial growth to a projected 9.96% Cap Rate and 9.96 GRM.Situated on a generous lot of approximately 5,837 SF, the property provides ample parking spaces for convenience. Notably, this asset is not subject to LA City rent control, allowing for significant annual rent increases of 8.8% (5% + CPI), offering substantial future upside potential.Conveniently located in prime Long Beach, just moments away from Signal Hill and a short drive to downtown Long Beach, this property presents a prime investment opportunity in a thriving and desirable location. 2 Structures - Front House has been divided into 3 Units. Rear structure consists of 2 Studios and 2-1 BR Units. Upside in Rents. All Utilities are split and paid for by Tenants. Close proximity to busy PCH/Cherry intersection. Among recent upgrades is a Fire Sprinkler system.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,550,000
Days Online 
109 Days
Bedrooms 
7
Inside Area (SqFt) 
3,986 sqft
Total Baths 
5
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.134 Acres
Year Built 
1903
MLS® Number 
24362089
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
4 months agoListing first seen online
General Features
Style 
Spanish
Construction 
Stucco
Parking 
Driveway
Parking Spaces 
7
Sewer 
Sewer Tap Paid
Number of Stories 
2Two,MultiSplit
Acreage 
0.134
Security 
Gated CommunityWindow Bars
Garage Spaces 
1
Utilities 
Overhead Utilities
Foundation 
RaisedSlab
Zoning 
LBCNR
Listing Conditions 
Standard
Property Condition 
Repairs CosmeticUpdated Remodeled
Direction Faces 
East
Interior Features
Cooling 
None
Heating 
Natural Gas
Appliances 
Gas OvenGas RangeRefrigerator
Flooring 
TileWood
Fireplace Features 
None
Laundry Features 
None
Fireplace 
No
Save
Ask
Tour
Hide
Share
Exterior Features
View 
None
Spa 
No
Pool Features 
None
Spa Features 
None
Patio And Porch 
Rear PorchFront PorchPorchRooftop
Community Features
Community Features 
Gated
Senior Community 
No
MLS Area 
9 - Poly High
Security Features 
Gated CommunityWindow Bars
Schools
School District
Long Beach Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


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.
Save
Ask
Tour
Hide
Share