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1615 Cherry Avenue
Long Beach, CA 90813
**Fantastic Investment Opportunity: Spacious 4-Unit Building in the Heart of an Up-and-Coming Neighborhood!** Welcome to your next lucrative investment located just south of Signal Hill and within a short 2-mile radius of the stunning beaches. This prime property offers not only a sought-after location but also incredible potential for growth in an area currently undergoing rezoning for additional apartment density. Key Features: - **Unit Mix:** This well-maintained building consists of 4 units, featuring 2 expansive 3-bedroom apartments and 2 comfortable 2-bedroom apartments. The generous unit sizes are a standout feature, providing tenants with ample space and modern living comfort. - **Prime Location:** Nestled in the vibrant and up-and-coming neighborhood, this property is strategically positioned for optimal access to both the bustling city life and the tranquil beachfront. Residents can enjoy the best of both worlds.
PROPERTY INFORMATION
| MLS # | PW24015369 | Lot Size | 7,290 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,199,000
Price Per SqFt: $ 338 |
DOM | 463 Days |
| Address | 1615 Cherry Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 3,546 Sq. Ft. |
| Postal Code | 90813 | Garage | 2 |
| County | Los Angeles | Year Built | 1949 |
| Bed / Bath | 9 / 0 | Parking | 2 |
| Built In | 1949 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Heater Central, Water Heater |
| Has Heating | Yes |
| Heating Information | Natural Gas |
| Room Information | All Bedrooms Down, Living Room, Primary Bathroom, Primary Bedroom |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Carpet, Laminate, Tile |
| InteriorFeatures Information | Ceiling Fan(s), Copper Plumbing Partial, Formica Counters, Laminate Counters, Open Floorplan, Tile Counters |
| EntryLocation | Ground Floor |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated Community, Smoke Detector(s) |
EXTERIOR FEATURES
| ExteriorFeatures | Awning(s) |
| FoundationDetails | Combination, Concrete Perimeter |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Privacy, Wrought Iron |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,279
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/03/2024 | Price Change (Relisted) | $1,275,000 (-1.85%) |
| 02/21/2024 | Price Change | $1,299,000 (-3.78%) |
| 01/30/2024 | Listed | $1,350,000 |
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Listing provided courtesy of Steven Richardson, Y Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
