• 1615 Cherry Avenue Long Beach, CA 90813

  • $1,275,000
  • 0
    Bed(s)
  • 0
    Baths
  • 3,546
    Sq Ft
  • 7290
    Sqft
  • Listed By: Steven Richardson, Y Realty, DRE #01510320
  • Source: CRMLS

**Fantastic Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood!** Welcome to your next lucrative investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potential for growth in an area currently undergoing rezoning for additional apartment density. **Key Features:** - **Unit Mix:** This well-maintained building consists of 4 units, featuring 2 expansive 3-bedroom apartments and 2 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space and modern living comfort. - **Prime Location:** Nestled in the vibrant and up-and-coming neighborhood, this property is strategically positioned for optimal access to both the bustling city life and the tranquil beachfront. Residents can enjoy the best of both worlds.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Exterior Property Features : Awning(s)

Interior Features: Ceiling Fan(s),Laminate Counters,Open Floorplan,Tile Counters,All Bedrooms Down

Property Appliances: Disposal,Gas Range,Gas Water Heater,Microwave,Refrigerator,Range Hood,Self Cleaning Oven,Water Heater

Fireplace: None

Flooring: Carpet,Laminate,Tile

Cooling Features

None

Air Conditioning

Heating Source

Natural Gas

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1949

Building Area Total: 3,546

Construction: Drywall

Exterior Features

Awning(s)

Foundation

Combination,Concrete Perimeter

Security Features

Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Smoke Detector(s)

Accessibility Features

Low Pile Carpet,No Stairs,Parking,Accessible Doors,Accessible Hallway(s)

Pool Features

None

Laundry Features

Common Area

Fencing

Privacy,Wrought Iron

Lot Details

Lot Dimensions Source: Assessor

Lot Size Acres: 0.1674

Lot Size Dimensions: 7288

Lot Size Source: Assessor

Lot Size Square Feet: 7290

Listing Price Information

Original List Price: 1,275,000

Listing Contract Date: 2024-01-23

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7261008027

Garage and Parking

Garage Description: Concrete,Direct Access,Driveway Level,Door-Single,Garage Faces Front,Garage,On Site,Paved

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 8 - Signal Hill

Postal Code Plus 4: 2555

Directions: 405 South to Cherry Ave South to Pacific Coast Highway

Zoning: LBCNR

Source Property Type: Residential Income

Area: 8 - Signal Hill

Property SubType: Apartment

Building and Construction

Property Age: 75

Common Walls: 2+ Common Walls

Structure Type: Apartment

Year Built Source: Assessor

Entry Level: 1

Entry Location: Ground Floor

Property Attached: Yes

Levels or Stories: One

Building Total Stories: 1

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1830 1838 E 7th Street, Long Beach, CA,90813 $2,800,000 -- -- 6,044 11668 Sqft
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1151 Daisy Avenue, Long Beach, CA,90813 $2,800,000 -- -- 4,604 7440 Sqft
914 N Loma Vista Drive, Long Beach, CA,90813 $2,200,000 -- -- 4,502 8623 Sqft
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ByOwner last updated this listing 05/10/2024 @ 12:30

MLS: PW24015369
LISTED BY: Steven Richardson, Y Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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