Movoto Real Estate
Sold on 06/18/2025
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1712 Cherry Ave, Long Beach, CA 90813

$1,575,000

Last sold 06/18/2025 after 47 Days

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    bed

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    bath

Multi-family not for sale

About 1712 Cherry Ave

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 5,995 Sqft
Rental estimate
Property description
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!
Listed by
Listing Agent - Gevork Jabakchurian
Listing Agent Contact: 626-590-2845
Listing Office - Luxury Collective
Source: CRMLS mls logo
MLS#SR25098606 • last updated 1 year ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1376
Lot Size (SqFt) 5995
Year Built 1964
Condition Additions/Alterations, Repairs Cosmetic, Termite Clearance, Updated/Remodeled
Interior
Appliances Dishwasher, Gas Range, Gas Cooktop, Water Heater
Interior Features Unfurnished
Accessibility Features None
Exterior
Foundation Raised, Slab
Construction Stucco
Building Area Square Feet, 4122
Roof Shingle
Parking Assigned, Concrete, Paved, Parking Space, Private
# Uncovered Spaces 6
# Parking Spaces 6
Lot Description Rectangular Lot
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Curbs
Subdivision Zaferia, Other (OTHR)
Zoning LBCNR
Directions From PCH Turn South On Cherry Avenue And The Property Will Be To Your Left. It Is Located On Cherry Avenue In Between PCH And East 17th Street.
APN 7261006024
Multifamily Details
Vacancy Allowance Rate 5
Laundry Income 2400
Operating Expense 27101
Cap Rate 6.33
Expense: Insurance 3206
Total Expenses 27514
Expense: Water/ Sewer 1970
Gross Income 2400
Expense: Electric 888
Gross Multiplier 11.95
Gross Scheduled Income 133800
Expense: Fuel 1050
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Rental est.: $1,319/month
Gross rent multiplier: 99.5
  • Jun 2025
    mls logo MLS # SR25098606
  • Jun 19, 2025 Sold
    $1,575,000
  • May 21, 2025 Active
    —
  • May 2, 2025 Listed
    $1,599,000 (-5.9%)
  • Jun 2025
    Public Records
  • Jun 18, 2025 Sold
    $1,575,000 (-1.5%)
  • Apr 2025
    mls logo MLS # SR25053462
  • Apr 15, 2025 Price Change
    $1,699,999
  • Mar 31, 2025 Price Change
    $1,700,000 (-5.5%)
  • Mar 10, 2025 Listed
    $1,799,000
  • Feb 2025
    mls logo MLS # SR24196361
  • Feb 17, 2025 Price Change
    $1,799,000 (-5.1%)
  • Jan 1, 2025 Price Change
    $1,895,000 (-2.8%)
  • Nov 13, 2024 Price Change
    $1,950,000 (-2.3%)
  • Sep 20, 2024 Listed
    $1,995,000 (+5.0%)
  • Dec 2022
    mls logo MLS # SR22232176
  • Dec 8, 2022 Price Change
    $1,900,000 (-5.0%)
  • Nov 28, 2022 Price Change
    $1,999,999 (-4.8%)
  • Nov 21, 2022 Price Change
    $2,099,999 (-4.5%)
  • Oct 28, 2022 Listed
    $2,200,000 (+41.9%)
  • Sep 2022
    Public Records
  • Sep 9, 2022 Sold
    $1,550,000
  • Sep 2022
    mls logo MLS # PW22151491
  • Sep 9, 2022 Sold
    $1,550,000 (+6.9%)
  • Aug 11, 2022 Pending
    —
  • Jul 11, 2022 Listed
    $1,450,000
  • Year Property taxes Tax assessment
  • 2025
    $21,647 +4.7%
    $1,612,620 +2.0%
  • 2024
    $20,673 +1.7%
    $1,581,000 +2.0%
  • 2023
    $20,324 +879.7%
    $1,550,000
  • 2022
    $2,074 +3.8%
    $1,550,000 +1643.28%
  • 2021
    $1,998 +0.3%
    $88,913 +1.04%
  • 2020
    $1,991
    $88,002
  • 1712 Cherry Ave
    $1.57M
  • Central Long Beach
    $510K +7% y/y
  • 90813
    $579K +11% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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