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1615 Cherry Avenue, Long Beach, CA 90813

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For Sale

$1,199,000

10 beds • 4 baths • 3,546 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $338.13
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

- **Rezoning Potential:** Take advantage of the ongoing neighborhood transformation! With the current rezoning efforts aimed at increasing apartment density, the savvy new owner stands to benefit significantly from the evolving real estate landscape. - **Rental Upside:** The existing rents are positioned below the current market rates, presenting a golden opportunity for the new owner to enhance the property's income potential. The potential rent increase of up to 30% ensures a lucrative return on investment. - **Spacious Layouts:** Each unit boasts large, thoughtfully designed layouts, providing residents with a comfortable and inviting living environment. The spacious interiors make these units highly desirable in the rental market. - **Investor's Dream:** Whether you're a seasoned investor or a newcomer to real estate, this property offers a solid foundation for growth. With the combination of location, rezoning potential, and the opportunity to increase rents, this is an investor's dream come true. Don't miss out on the chance to own a piece of the future in this dynamic neighborhood. Seize the opportunity to maximize returns while contributing to the growth and development of this thriving community. Contact us today to schedule a viewing and explore the untapped potential of this remarkable property! For more information call Steve Richardson at 213 344 7856 or Email srichardsonrealty@gmail.com
MLS# PW24015369

Courtesy Of Y Realty

(877) 976-5348

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Lawn, Ceiling Fan, Disabled Access, Garden
  • Appliances
    Garbage Disposer, Microwave, Range, Range - Gas, Refrigerator
  • Architecture Style
    Contemporary
  • Cooling System
    None
  • Floor Covering
    Carpet, Laminate, Tile
  • Rooms
    Living Room
  • View Type
    City

Map and Directions

Directions to 1615 Cherry Avenue, Long Beach, CA 90813

Home seller CENTURY 21 Allstars

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Allstars

(562) 863-2121
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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