$1,320,000
$1,425,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
8,241 Sqft Lot
SOLD DATE : 05/09/2025
Key Details
Sold Price $1,320,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Circle (Ca)
MLS Listing ID NP25011374
Year Built 1949
Lot Size 8,241 Sqft
Property Sub-Type Apartment
Property Description
1715 Cherry Avenue is a 6-unit multifamily property located in the highly sought-after Long Beach Market of Los Angeles County. The property features a mix of unit configurations, including (1) 2-bedroom, 1-bath unit, and (5) 1-bedroom, 1-bath units. The property offers a fully stabilized investment opportunity with strong cash flow and immediate returns from day one. Residents benefit from the array of dining, shopping, and entertainment options along Cherry Avenue, as well as convenient access to major freeways and key job markets. Given the ongoing shortage of apartment housing and the rising cost of single-family homes in Southern California, Cherry Avenue offers long-term growth for savvy investors.
**ASSUMABLE LOAN AVAILABLE @ 3.42% through December of 2026, inquire for details**
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCNR
Interior
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Bought with Aspen Labrador • Compass
1420 Kettner Blvd Ste 100, San Diego, California, 92101, USA