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$1,575,000
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Property Description
CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. 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!
Full Property Details
Full Property Details for 1712 Cherry Ave
General
- Sold For: $1,575,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR25098606
- Added to Site: 300 day(s) ago
Interior
- Rooms/Areas: Laundry, Living Room, Main Floor Bedroom, Walk-In Closet
- Interior Features: Unfurnished
- Fireplace(s): None
- Appliances: Dishwasher, Gas Range, Gas Cooktop, Water Heater
- Flooring: Laminate, Vinyl
Rooms
Other Rooms
- Laundry: Common Area, Individual Room
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned, Concrete, Paved, Parking Space, Private
- Parking: Assigned, Concrete, Paved, Parking Space, Private
Location
- Area: 3 - Eastside, Circle Area
- County: Los Angeles
- Development Name: 3 - Eastside, Circle Area
- Driving Directions: From PCH turn south on Cherry Avenue and the property will be to your left. It is located on Cherry Avenue in between PCH and East 17th Street.
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Foundation: Raised, Slab
- Roof: Shingle
- Entry Location: Front Doors
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,122
- Year Built: 1964
Lot Features
- Property View: None
- Lot Size (Acres): 0.1376
- Lot Size Source: Public Records
- Zoning: LBCNR
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $382.1
- Price Per Unit: 399750
Listed by Luxury Collective, Gevork Jabakchurian
Sold by Keller Williams Coastal Prop., Trudy Kalucea
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Schools
Schools serving 1712 Cherry Ave
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Lee Elementary School, Long Beach, CA 1620 Temple Avenue, Long Beach, CA 90804 | K-5 | 0.5 mi |
Jefferson Leadership Academies School 750 Euclid Avenue, Long Beach, CA 90804 | 6-8 | 1.4 mi |
Wilson High School 4400 East 10th Street, Long Beach, CA 90804 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1712 Cherry Ave
Date
Details
Price
Change
Source
6/18/2025
Sold
$1,575,000
-1.5%
MLS
5/03/2025
Listed
$1,599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1712 Cherry Avenue, Long Beach, CA 90813 (MLS# SR25098606) is a Multi-Family property that was sold at $1,575,000 on June 18, 2025. Want to learn more about 1712 Cherry Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

