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.
For sale
Listing Provided by:
Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,
Marcus & Millichap RE Invest
$1,250,000
841 Cherry Ave, Long Beach, CA 90813
5beds
6baths
3,311sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$1,218,600 Zestimate®
$378/sqft
$-- HOA
What's special
Garage parking spaces
- 18 days
- on Zillow |
- 350 |
- 31 |
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