Save
Ask
Tour
Hide
Share
$3,350,000
44 Days Online

315 Cherry Avenue
Long Beach, CA 90802

For Sale|Single Family Home|Active
0
Beds
0
Full Baths
0
Partial Baths
6,392
SqFt
$524
/SqFt
1923
Built
Subdivision:
Alamitos Beach (Ab)
County:
Los Angeles
Listed by Matthew Mahowald of Buckingham Investments, Inc 310 756-5511

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
315 Cherry Avenue315 Cherry Avenue315 Cherry Avenue315 Cherry Avenue
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$15,284
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!

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$3,350,000
Days Online 
44 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
a month agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Style 
Spanish
Construction 
Unknown
Parking 
GaragePublic
Parking Spaces 
4
Sewer 
Public Sewer
Electric 
Electricity On PropertyStandard
Number of Stories 
2
Acreage 
0.1551
Water 
Public
Security 
Gated CommunitySmoke Detectors
Property Sub Type 
Mixed Use
Garage Spaces 
4
Utilities 
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Foundation 
Raised
Zoning 
LBR1N
Listing Conditions 
Standard
Property Condition 
Turnkey
Interior Features
Cooling 
None
Heating 
Ductless
Flooring 
LaminateVinylWood
Interior 
BuiltinFeaturesCeilingFansMultipleStaircasesOpenFloorplanQuartzCountersRecessedLighting
Fireplace Features 
None
Laundry Features 
Electric Dryer HookupGas Dryer HookupInsideLaundry ClosetLaundry Room
Fireplace 
No
Save
Ask
Tour
Hide
Share
Exterior Features
Roof 
Flat
View 
None
Fencing 
Good ConditionSecurity
Spa 
No
Pool Features 
None
Spa Features 
None
Waterfront Features 
Ocean Side Of Highway
Exterior 
Lighting
Lot 
Item01 Unit AcreBack YardFront YardLandscapedNear ParkNear Public TransitPavedStreet Level
Road Frontage 
AlleyCity Street
Other Structures 
Second Garage
Community Features
Association Dues 
0
Community Features 
BikingCurbsDog ParkStreet LightsSidewalksGatedPark
Senior Community 
No
MLS Area 
4 - Downtown Area, Alamitos Beach
Security Features 
Gated CommunitySmoke Detectors


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