1715 Cherry Ave

Long Beach CA 90813

0.19 ac.

Multi-Family

Last sold for $1,320,000

Aspen Labrador, last sold this property on 09 May 2025 after -57 days on market.

Overview

1715 Cherry Avenue is a 6-unit multifamily property located in the highly sought-after Long Beach Market of Los Angeles County. The property features a mix of unit configurations, including (1) 2-bedroom, 1-bath unit, and (5) 1-bedroom, 1-bath units. The property offers a fully stabilized investment opportunity with strong cash flow and immediate returns from day one. Residents benefit from the array of dining, shopping, and entertainment options along Cherry Avenue, as well as convenient access to major freeways and key job markets. Given the ongoing shortage of apartment housing and the rising cost of single-family homes in Southern California, Cherry Avenue offers long-term growth for savvy investors. **ASSUMABLE LOAN AVAILABLE @ 3.42% through December of 2026, inquire for details**

Features

4 bedrooms

4 bathrooms

0.19 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Long Beach over the last 12 months, the estimated median property value of 1715 Cherry Ave is $900k.

Median value

$900k

Estimated value range

$662.5k - $1.63m

Median days on market

Estimated value trend

-4%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Long Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1715 Cherry Ave

2025

Sold

$1,320,000

09 May 2025 by Aspen Labrador, of Compass

2019

Sold

Undisclosed

26 Jul 2019

Happy sellers in Long Beach

We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.