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$ 1,250,000
Est. payment /mo
Pending
841 Cherry Avenue Long Beach, CA 90813
3,311 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 3,311 sqft
Price per Sqft $377
MLS Listing ID CROC25134358
HOA Y/N No
Year Built 1922
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
841 Cherry Avenue is a 6-unit multifamily investment property located in Long Beach, California. Built in 1922, 841 Cherry Avenue offers investors the opportunity to acquire 6 well located units in one of Los Angeles County’s most desirable rental markets. The property features two buildings on a 0.15-acre parcel offering a mix of studio & one-bedroom floor plans and 3, garage parking spaces. 841 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, 841 Cherry Avenue’s 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, 841 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Fireplace No
Laundry Inside
Building
Lot Description Level
New Construction No
Others
Tax ID 7267015019
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Listed by Tyler Leeson • Marcus & Millichap RE Invest