28
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$1,275,000
Est. payment /mo
Price Dropped by $50K
6759 Cherry Avenue Long Beach, CA 90805
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Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24251646
HOA Y/N No
Year Built 1958
Lot Size 4,295 Sqft
Property Sub-Type Mixed Use
Property Description
Built in 1958, the property is zoned LBCCA, boasts recent enhancements to maximize tenant appreciation and long-term value.
Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased
cash flow. Currently, one studio and a one-bedroom unit are vacant, providing the opportunity to upgrade and secure market
rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering
a mix of Studio and 1 bedroom layouts, appealing to a range of tenants. These commercial units are centrally located in Long
Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick
connections to LAX, downtown LA, and other Key metropolitan areas.
Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased
cash flow. Currently, one studio and a one-bedroom unit are vacant, providing the opportunity to upgrade and secure market
rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering
a mix of Studio and 1 bedroom layouts, appealing to a range of tenants. These commercial units are centrally located in Long
Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick
connections to LAX, downtown LA, and other Key metropolitan areas.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Pool None
Community Features Street Lights, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7116007034
Energy Description 6300.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Chuck Chavez • Century 21 Allstars • Chuck@chuckchavez.com