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$ 1,050,000
Est. payment | /mo
3 Beds
2 Baths
$ 1,050,000
Est. payment | /mo
3 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID OC25134350
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
833 Cherry Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1923, 833 Cherry Avenue offers investors the opportunity to acquire 4 well located units in one of Los Angeles Countys most desirable rental markets. The property features two buildings on a 0.15-acre parcel offering 3, one-bedroom units, 1, two-bedroom home, & 3 garage parking spaces. 833 Cherry Avenue 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 property 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, 833 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, 833 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 7267015020
Listed by Tyler Leeson Marcus & Millichap RE Invest
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Roy Wannamaker
REALTOR® | Lic# CA DRE 01838753