Current Use by Public Records
- Retail properties & Spaces
Property Details for 1401-1411 Cherry Ave
- Year built
- 1960
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional Long Beach retail investment presents a unique owner-user opportunity. Located at 1401-1411 Cherry Ave, this freestanding building boasts 6,628 square feet on a 12,197 square foot lot. Built in 1960, the property is zoned Neighborhood Commercial and Residential (CNR), allowing for diverse uses. The asking price is $2,154,100, translating to $325 per square foot. The building comprises four units, currently occupied by month-to-month tenants, providing immediate income potential for an owner-user seeking a phased occupancy transition. This prime location along Cherry Avenue, a major Long Beach thoroughfare, ensures high visibility and accessibility. The flexible zoning allows for a variety of commercial and residential uses, making this a versatile investment for both short-term and long-term growth. The property's substantial size and established tenant base make it an attractive proposition for investors seeking a strong return on investment in a thriving Long Beach market. This is a rare opportunity to acquire a well-located, established retail property with significant upside potential in a dynamic urban setting. The property's location in the 90813 zip code of Los Angeles County offers excellent access to transportation and amenities. This is a compelling opportunity to acquire a substantial retail property in a high-traffic area of Long Beach, California.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.168
- Latitude
- 33.7845
