Sold for $1,320,000

Listing Provided by: Compass

Bought with: Compass

$1,320,000

1715 Cherry Ave, Long Beach, CA 90813

7beds

6baths

3,426sqft

Multi Family

Built in 1949

-- sqft lot

$1,309,600 Zestimate^®

$385/sqft

$3,192 Estimated rent

Home value

$1,309,600

$1.18M - $1.45M

$3,192/mo

Zestimate^® history

Owner options

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$3,192/mo

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$3,192/mo

Rent Zestimate^®

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$8,285/mo

Est. payment

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$8,285/mo

Est. payment

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What's special

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**

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 6

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below

Interior area

Total structure area: 3,426
Total interior livable area: 3,426 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Levels: One
Stories: 1
Entry location: 1
Pool features: None

Lot

Size: 8,240 sqft
Features: 6-10 Units/Acre

Details

Parcel number: 7261005008
Zoning: LBCNR
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1949

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Curbs

Location

Region: Long Beach
Subdivision: Circle (Ca)

Other

Other facts

Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
5/9/2025	Sold	$1,320,000-7.4%$385/sqft
Source: CRMLS #NP25011374 Report a problem
4/23/2025	Pending sale	$1,425,000$416/sqft
Source: CRMLS #NP25011374 Report a problem