CA > Long Beach
Long Beach, CA 90813,915 Cherry AVE
Long Beach, CA 90813,915 Cherry AVE
Long Beach, CA 90813,915 Cherry AVE
Long Beach, CA 90813,915 Cherry AVE
Long Beach, CA 90813,915 Cherry AVE
Long Beach, CA 90813,915 Cherry AVE
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Mitch Stein

Mitch Stein

+1(909) 206-4399
$ 7,000,000
Est. payment | /mo

0.75 Acres Lot

Save
$ 7,000,000
Est. payment | /mo
Save

0.75 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25112446

HOA Y/N No

Year Built 1922

Lot Size 0.750 Acres

Property Sub-Type Apartment

Property Description

The Cherry Ave Collection, (the “Collection”, the “Portfolio” or the “Property”), is a 36-unit, 4-property multifamily portfolio located in Long Beach, California. Built between 1922 and 1923, the Collection offers investors an opportunity to acquire a sizable footprint in one of Los Angeles County's most desirable rental markets. The Collection features an attractive mix of studio, one, and two-bedroom floor plans with desirable property amenities including surface and garage parking, on-site laundry (select units feature laundry hookups), and spacious common courtyards. The Collection 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 Collection 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, the Cherry Ave Collection'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, the Collection represents an attractive opportunity for a new owner seeking well located units.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR2N

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 21.0

Garage Description 21.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 23

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7267015017

Energy Description 8123.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

GET MORE INFORMATION

agent
Mitch Stein

Partner | Lic# DRE# 02081632

+1(909) 206-4399

337 E. Arrow Hwy, Claremont, CA, 91711

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915 Cherry AVE