Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 841 Cherry Avenue, a 6-unit multifamily investment property located in Long Beach, California.
Built in 1922, 841 Cherry Avenue offers investors the opportunity to acquire 6 well located units in one of Los Angeles County’s most desirable rental markets. The property features two buildings on a 0.15-acre parcel offering a mix of studio & one-bedroom floor plans and 3, garage parking spaces.
841 Cherry Avenue 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 property 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, 841 Cherry Avenue’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, 841 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*