Property Details
About this Property
We are pleased to exclusively offer for sale this 3 Unit multi-family investment located in the vibrant 90802 submarket of Long Beach. This large 3,642 SF triplex is steps away from 4th Street and strategically positioned near Retro Row. This is the first time the property has been on the market in 20 years and the unit interiors have been meticulously maintained representing a true pride of ownership asset. In addition to the building’s excellent location, one of the features is (2) generously sized 2 bedroom/1 bath units and (1) large 1 bedroom/1 bath unit. Further, the 1 bedroom back unit contains a spacious patio and gazebo – idyllic for all residents. Along these lines, the property presents itself as an excellent owner user opportunity for buyer(s) looking to live in one unit while utilizing the income from the other (2) to offset their annual debt service. Each unit is separately metered for gas and electricity, lowering overhead costs for the owner. As it stands, the offering presents strong day 1 income with a current CAP Rate of 4.45% and future upside given the areas excellent rental demand. In addition, the tenants have access to a garage and elongated driveway which equates to at least (6) total parking spaces on site, which is especially significant in this parkin
MLS Listing Information
MLS #
CRSB25063034
MLS Source
California Regional MLS
Days on Site
4
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage, Other, Garage: 1 Car(s)
Water
Private
Contact Information
Listing Agent
Keaton Quaack
Lyon Stahl Investment Real Estate, Inc.
License #: 02172607
Phone: (562) 743-8204
Co-Listing Agent
Joshua Barut
Lyon Stahl Investment Real Estate, Inc.
License #: 01971720
Phone: (562) 457-8126
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 3 |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Burbank Elementary School | public | K-5 | 0.16 mi | |
| Franklin Classical Middle School | public | 6-8 | 0.59 mi | |
| Lincoln Elementary School | public | K-5 | 0.78 mi | |
| Willard Elementary School | public | K-5 | 0.78 mi | |
| Mann Elementary School | public | K-5 | 0.90 mi | |
| Stevenson Elementary School | public | K-5 | 0.95 mi | |
| Jefferson Leadership Academies School | public | 6-8 | 1.09 mi | |
| Lee Elementary School | public | K-5 | 1.12 mi | |
| Whittier Elementary School | public | K-5 | 1.13 mi | |
| Polytechnic High School | public | 9-12 | 1.32 mi | |
| Fremont Elementary School | public | K-5 | 1.33 mi | |
| Renaissance High School For The Arts | public | 9-12 | 1.33 mi | |
| International Elementary School | public | K-5 | 1.33 mi | |
| Jessie Nelson Academy | public | 6-8 | 1.38 mi | |
| Roosevelt Elementary School | public | K-5 | 1.39 mi | |
| Alvarado Elementary School | public | K-5 | 1.45 mi | |
| Robinson Academy | public | K-8 | 1.45 mi | |
| Bryant Elementary School | public | K-5 | 1.48 mi | |
| Wilson High School | public | 9-12 | 1.56 mi | |
| Washington Middle School | public | 6-8 | 1.78 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
480 Cherry Ave is a Triplex in Long Beach, CA 90802. This – square foot property sits on a 6,276 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,250,000 and was built in 1930. This address can also be written as 480 Cherry Ave, Long Beach, CA 90802.
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This listing information is up-to-date as of March 27, 2025. For the most current information, please contact Keaton Quaack, (562) 743-8204
