833 Cherry ave, Long Beach, CA 90813
Active
$1,050,000
4 Units
3 Beds
2 Baths
3,028 Area(sq.ft.)
Lot: 6,534 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | 1 | 1 | No | $ 5,320 | $ 5,320 | $ 5,385 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,480 | $ 2,480 | $ 2,495 |
| 4 | 5 | 4 | $ 18,440 | $ 18,440 | $ 18,650 |
| MLS #: | OC25134350MR |
| Days On Market: | 172 |
| Listing Date: | June 16, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 347 |
| Price per unit: | $ 262,500 |
| Year Built: | 1923 |
Property Details
833 Cherry Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1923, 833 Cherry Avenue offers investors the opportunity to acquire 4 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 3, one-bedroom units, 1, two-bedroom home, & 3 garage parking spaces. 833 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, 833 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, 833 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 90,792 |
| Total Annual Expense: | $ 28,878 |
| Net Operating Income: | $ 61,914 |
| Cap Rate: | 5.9% |
| Gross Rent Multiplier: | 11.22 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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Income
