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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$7,000,000
Est. payment /mo
New
915 Cherry AVE Long Beach, CA 90813
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25112446
Year Built 1922
Source California Regional MLS
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
Interior
Laundry Community Facility
Exterior
Garage Spaces 23.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7267015017
Special Listing Condition Not Applicable
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