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!
Sold for $1,575,000
Listing Provided by: Luxury Collective
Bought with: Keller Williams Coastal Prop.
$1,575,000
1712 Cherry Ave, Long Beach, CA 90813
10beds
7baths
4,122sqft
Multi Family
Built in 1964
-- sqft lot
$1,567,000 Zestimate®
$382/sqft
$2,694 Estimated rent
Home value
$1,567,000
$1.41M - $1.74M
$2,694/mo
Zestimate® history
Owner options
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$2,694/mo
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$9,938/mo
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$9,938/mo
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Private yardAmple parking
Zillow last checked:
Listing updated:
Listing Provided by:
Gevork Jabakchurian DRE #02137192 626-590-2845,
Luxury Collective
Bought with:
Trudy Kalucea, DRE #01263450
Keller Williams Coastal Prop.
Source: CRMLS,MLS#: SR25098606
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7
Bedroom
- Features: Bedroom on Main Level
Other
- Features: Walk-In Closet(s)
Heating
- Natural Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Gas Cooktop, Gas Range, Water Heater
- Laundry: Common Area, Laundry Room
Features
- Unfurnished, Bedroom on Main Level, Walk-In Closet(s)
- Flooring: Laminate, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,122
- Total interior livable area: 4,122 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Concrete, Paved, Private, One Space
- Uncovered spaces: 6
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Front Doors
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 5,995 sqft
- Features: Rectangular Lot
Details
- Parcel number: 7261006024
- Zoning: LBCNR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Raised, Slab
- Roof: Shingle
Condition
- Additions/Alterations,Repairs Cosmetic,Updated/Remodeled
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Curbs
Location
- Region: Long Beach
- Subdivision: Zaferia
HOA & financial
Other financial information
- Total actual rent: 11150
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,Fannie Mae,Freddie Mac,Submit
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2025 | Sold | $1,575,000-1.5%$382/sqft |
Source:  CRMLS #SR25098606 Report a problem | ||
| 5/22/2025 | Contingent | $1,599,000$388/sqft |
Source: CRMLS #SR25098606 Report a problem | ||
| 5/4/2025 | Price change | $1,599,000+10.3%$388/sqft |
Source: CRMLS #SR25098606 Report a problem | ||
| 8/11/2022 | Pending sale | $1,450,000$352/sqft |
Source: CRMLS #PW22151491 Report a problem | ||
| 7/11/2022 | Listed for sale | $1,450,000$352/sqft |
Source: CRMLS #PW22151491 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Zaferia
Nearby schools
GreatSchools rating
- 6/10Lee Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Jefferson Leadership Academies SchoolGrades: 6-8Distance: 1.4 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 1.7 mi
Get a cash offer in 3 minutes
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Estimated market value
$1,567,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,567,000
- California
- Los Angeles County
- Long Beach
- 90813
- Zaferia
- 1712 Cherry Ave
Nearby cities
Nearby neighborhoods
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