1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
1364 Cherry
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$970,000

1364 Cherry

1 Bed 1 Bath 2,544 Sq.Ft. 5,200 Sq.Ft.

Description

MOVE IN READY!!! Four units just 1.4 miles from the beach. This rare four unit property offers immediate move in readiness with strong long term upside. The property features four oversized one bedroom, one bath units, each with in unit laundry and garage parking in the rear. The upstairs units offer private balconies, while tenants also enjoy a massive front yard that presents future development potential, including possible ADU additions and garage conversions. Buyer to verify all development potential with the City of Long Beach. Recent capital improvements include a brand new roof, all new windows, and fresh interior and exterior paint, all completed in 2025 and interior finishes as seen in the photos. With the property delivered in its CURRENT CONDITION (See remarks), this property presents a rare blank canvas for an investor to renovate, reconfigure layouts if desired, and establish a tenant base of their choosing. The current status also offers a unique opportunity to position the asset to hedge against AB 1482 statewide rent control.

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Location

1364 Cherry, LONG BEACH, CA 90813

Status

Sold
Casey McKinley

Casey McKinley

TITLE

REALTOR®

LICENSE

02006706

Property Amenities

Interior
Laundry room Inside
Total Bedrooms: 1
Area & Lot
Lot Area 5,200 Sq.Ft.
Living area 2,544 Sq.Ft.
MLS® ID PW25276740MR
Year Built 1924
Type Multi-Family
Status Sold
Exterior
Stories 2
Pool None
Water Source Public
Garage Space 4.0
Sewer Public Sewer
Parking Garage - 1 Car
Finance
Sales Price $970,000
Maintenance Fee $2,600 monthly
Real Estate Tax $14,490 yearly

Long Beach

33.7701° N, 118.1937° W

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