1712 Cherry Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1712 Cherry Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$1,799,000
1712 Cherry Avenue, Long Beach, California 90813
0Bed
0Bath
4,122Sqft
5,995Lot
Year Built
1964
Close
-
List price
$1.8M
Original List price
$2M
Price/Sqft
$436
HOA
-
Days on market
-
Sold On
-
MLS number
SR24196361
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.80M(92th), sqft - 4122(92th), beds - undefined(50th), baths - undefined(50th).

This well-maintained 4-unit property is a prime investment opportunity, located just minutes from the beach in the vibrant city of Long Beach, CA. 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!

Price History

Date
Event
Price
06/18/25
Sold
$1,575,000
09/09/22
Sold
$1,550,000
Condition Rating
Fair

The property was built in 1964. The listing states the units are in 'excellent condition', but the images show kitchens and bathrooms that are dated, though clean and functional. The appliances appear older, and the overall style is not modern. While the property may be well-maintained, it likely requires some updates to meet current standards. Therefore, a 'fair' condition score is appropriate.
Pros & Cons

Pros

Strong Rental Income: The property generates strong rental income at market rates with all units currently occupied, providing immediate cash flow.
Prime Location: Located in a desirable area of Long Beach, just minutes from the beach, offering convenience and high tenant demand.
Additional Income Potential: The lot has additional space to put storage units which can be rented out to tenants for additional monthly income.

Cons

Year Built: Built in 1964, the property may require updates to meet modern tenant expectations and building codes.
Limited View: The property has no specified view, which may be less appealing to some tenants or buyers.

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