Matthew Mahowald
This listing was posted on Matthew Mahowald (via ListedBuy).
$3,350,000
Long Beach, Los Angeles County, CA House for sale Property ID: 418798783
Price:
$3,350,000
BR/BA:
6 BR, 8 BA
Location:
315 Cherry Avenue, Long Beach, CA
Description:
Charming, turnkey, and in a prime location – this is the generational asset you have been looking for! This clean and well-maintained 8-unit property consists of six 1bed/1bath units (over 900 sqft each) and two studio units with four garages. All the units are large, allow for a ton of natural light inside, have great layouts with cool original features (like French Doors, custom built-ins, fire places, etc. ). Plus, the vintage character of this classic Spanish style property has been meticulously preserved, while modern amenities have been added over time like laundry units, AC/Heating units, modern kitchens, lighting, ceiling fans, etc. in each unit. The entire property is secured, has drought-resistant landscaping, and has separate electrical and gas meters for each unit. Located within Alamitos Beach, this highly sought after neighborhood of Costal Long Beach is in close proximity to the best the city has to offer – local parks (Carroll & Bixby Park), local beaches (Alamitos & Junipero Beach), local restaurants (4th Street Corridor & Retro Row), local golf courses, public transportation, etc. Plus, this neighborhood is securely anchored by the thriving local economy that continues to grow within Downtown Long Beach. For the savvy investor, the potential may exist to convert the garages into two studio units and/or to add additional bedrooms/ bathrooms to the existing large 1bed units. Also, one might consider a short-term and/or mid-term saleal strategy to boost the income even more. This perfect combination is what every tenant is looking for in this area, which keeps vacancy rates low and market saleal rates as high as possible – making this a great addition to any investors portfolio! 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. Still available at ListedBuy!
Property Type:
Single-Family Houses
Sq feet:
6,392 sq. ft.
Amenities:
AC
For sale by:
Agent/Broker
Agent Name:
Matthew Mahowald
Posted:
March 1 on ListedBuy
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to Matthew Mahowald (via ListedBuy)
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Long Beach, Los Angeles County, CA House for sale Property ID: 418798783
Long Beach, Los Angeles County, CA House for sale Property ID: 418798783 is a Six Bedroom Eight Bath Single-Family Homes for Sale at 315 Cherry Avenue in Long Beach CA. Find other listings like Long Beach, Los Angeles County, CA House for sale Property ID: 418798783 and listings near 315 Cherry Avenue by searching Oodle Classifieds for Six Bedroom Eight Bath Single-Family Homes for Sale in Long Beach CA.
Long Beach, Los Angeles County, CA House for sale Property ID: 418798783 is a Six Bedroom Eight Bath Single-Family Homes for Sale at 315 Cherry Avenue in Long Beach CA. Find other listings like Long Beach, Los Angeles County, CA House for sale Property ID: 418798783 and listings near 315 Cherry Avenue by searching Oodle Classifieds for Six Bedroom Eight Bath Single-Family Homes for Sale in Long Beach CA.