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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 1,050,000
Est. payment | /mo
3,028 SqFt
$ 1,050,000
Est. payment | /mo
3,028 SqFt
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 3,028 sqft
Price per Sqft $346
MLS Listing ID CROC25134350
HOA Y/N No
Year Built 1923
Lot Size 6,534 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
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
Interior
Fireplace No
Laundry Inside
Building
Lot Description Other
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