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

1712 Cherry Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$1,699,999
1712 Cherry Avenue, Long Beach, California 90813
0Bed
0Bath
4,122Sqft
5,995Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Current Rental Income: The property is explicitly described as a 'CASH COW' generating high income, with total rents of $11,150 per month plus laundry income, indicating excellent immediate cash flow.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-06-18. The sold price is $1,575,000.00.

Compared to the nearby listings

Price:$1.70M vs avg $850.0K (+$849,999)92%
Size:4,122 sqft vs avg 2,366 sqft92%
Price/sqft:$412 vs avg $34962%

More Insights

Built in 1964 (61 years old).
Condition: Despite being built in 1964, the property's units have undergone extensive and modern renovations, particularly evident in the kitchens and bathrooms. The kitchens feature white shaker cabinets, light-colored countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms are updated with modern vanities, fixtures, and clean tile work. Flooring consists of contemporary LVP/wood-look and clean carpeting. Recessed lighting is present throughout. The overall aesthetic is clean, contemporary, and move-in ready, indicating renovations likely within the last 5-15 years. While the underlying structure is older, the living spaces are well-maintained and require no immediate updates, aligning with a 'Good' condition score.
Year Built
1964
Close
-
List price
$1.7M
Original List price
$1.8M
Price/Sqft
$412
HOA
-
Days on market
-
Sold On
-
MLS number
SR25053462
Home ConditionGood
Features
Patio
View-

About this home

CASH COW!!! This well-maintained 4-unit property is a prime investment opportunity generating high income, located just minutes from the beach. The 4 units are as follows: Unit #1: 3 Bed 3 Bath, pays $3450 per month. Unit #2: 3 Bed 2 Bath, pays $3100 per month. Unit #3: 2 Bed 1 Bath, pays $2400 per month. Unit #4: 2 Bed 1 Bath, pays $2200 per month. Rent totals include income generated from laundry room. 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
Good
Despite being built in 1964, the property's units have undergone extensive and modern renovations, particularly evident in the kitchens and bathrooms. The kitchens feature white shaker cabinets, light-colored countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms are updated with modern vanities, fixtures, and clean tile work. Flooring consists of contemporary LVP/wood-look and clean carpeting. Recessed lighting is present throughout. The overall aesthetic is clean, contemporary, and move-in ready, indicating renovations likely within the last 5-15 years. While the underlying structure is older, the living spaces are well-maintained and require no immediate updates, aligning with a 'Good' condition score.
Pros & Cons

Pros

Strong Current Rental Income: The property is explicitly described as a 'CASH COW' generating high income, with total rents of $11,150 per month plus laundry income, indicating excellent immediate cash flow.
High Occupancy & Immediate Cash Flow: All four units are currently occupied and generating strong rental income at market rates, ensuring immediate cash flow for a new investor without vacancy concerns.
Desirable Coastal Proximity: Located just minutes from the beach (less than a 10-minute drive to the shoreline), enhancing tenant appeal, demand, and potential for property value appreciation.
Well-Maintained Condition: The property is well-maintained, and all units are stated to be in excellent condition, reducing immediate capital expenditure for repairs or upgrades.
Value-Add Opportunities: Offers ample parking with 6 spaces and additional lot space for storage units, providing potential for further income generation beyond current rents.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-18. The sold price is $1,575,000.00.
Property Age: Built in 1964, the property's age, while well-maintained, may imply older infrastructure and potentially higher long-term maintenance costs or future capital expenditures for major system replacements.
Lack of Premium Views: The property description explicitly states 'view: None,' indicating it does not offer scenic vistas that could command higher rental premiums or property value.
Potential Rent Control Impact: Located in Long Beach, California, the property may be subject to local rent control ordinances and tenant protection laws, which could limit future rent growth and investment flexibility.

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