We are pleased to present an 8-unit apartment building located at 315 Cherry Avenue in Long Beach, California. The property was built in 1923 with
beautiful Spanish architecture. It consists of 6,392 rentable square feet spread throughout a 6,754 square foot lot. There are two studio units and (6) 1-bedroom / 1-bathroom units. Some of the 1 bedroom units have washer dryer hookups as well. The property is separately metered for gas and electricity.There are 4 garages and 4 parking spaces for tenant convenience and potential owner extra income.
The subject property is located in Alamitos Beach where there are an array of new developments coming in the next few years. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living just three blocks from the ocean and walking distance to Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. Listed by Kevin King, Marcus & Millichap.