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Additional details
Listed by Tyler Leeson • Marcus & Millichap RE Invest
$1,050,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25134350
Year Built 1923
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
833 Cherry Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1923, 833 Cherry Avenue offers investors the opportunity to acquire 4 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 3, one-bedroom units, 1, two-bedroom home, & 3 garage parking spaces. 833 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, 833 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, 833 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry Other
Exterior
Garage Spaces 5.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7267015020
Special Listing Condition Not Applicable
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