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6759 Cherry Ave

7 Unit Apartment Building For Sale Long Beach, CA 90805

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Investment Highlights

Great Unit Mix
Strong Rental Area

Close to Public Transportation

Executive Summary

Built in 1958, the property is zoned LBCCA, boasts recent enhancements to maximize tenant appreciation and long-term value. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Currently, one studio and a one-bedroom unit are vacant, providing the opportunity to upgrade and secure market rents, making this an exceptional investment opportunity.. This impressive property consists of 7 well-appointed units offering a mix of Studio and 1 bedroom layouts, appealing to a range of tenants. These commercial units are centrally located in Long Beach, offering access to major shopping, convenient transportation and direct access to the 91 freeway, ensuring quick connections to LAX, downtown LA, and other Key metropolitan areas.

Property Facts

Sale Type	Investment	Building Class	C
Sale Conditions	1031 Exchange	Lot Size	0.10 AC
No. Units	7	Building Size	2,994 SF
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment	Year Built	1958
Apartment Style	Low Rise	Parking Ratio	1.37/1,000 SF

Sale Type	Investment
Sale Conditions	1031 Exchange
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.10 AC
Building Size	2,994 SF
No. Stories	2
Year Built	1958
Parking Ratio	1.37/1,000 SF