905 Cherry Avenue, Long Beach, CA 90813

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$4,450,000

Est. payment - /mo

3 Beds

2 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID OC25134383

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

905 & 915 Cherry Avenue is a 2-property, 26-unit multifamily portfolio located in Long Beach, California. Built in 1922, 905 & 915 Cherry Avenue offers investors an opportunity to acquire a sizable footprint in one of Los Angeles Countys most desirable rental markets. 905 & 915 Cherry Avenue features an attractive mix of one and two-bedroom floor plans with desirable property amenities including surface and garage parking, and on-site laundry facilities. The portfolio is within walking distance of a variety of lifestyle amenities including Rose Park, the shops and restaurants of Retro Row, and Alamitos Beach. Additionally, the portfolio is just a short commute to employers in Downtown Long Beach and adjacent employment hubs such as the South Bay and Orange County via the 710 and 405 freeways. In summary, 905 & 915 Cherry Avenues fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With rental upside and strong rental metrics, 905 & 915 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Cross Streets of Cherry Avenue & 10th Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7267015017

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Listed by Tyler Leeson Marcus & Millichap RE Invest

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905 Cherry Avenue Long Beach, CA 90813