The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	16
Year Built	1961
Rentable SF	11,650

Investment Highlights

Well-maintained property with rental upside
Attractive unit mix
Desirable apartment amenities
Located within one of Long Beach's most dynamic zip codes
Close proximity to retailers and local schools

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire 6501 Cherry, a 16-unit multifamily community located in Long Beach, California. Built in 1961 and situated on 0.25 acres, this property is comprised of two-story, garden-style buildings with a unit mix of one- and two-bedroom apartment units ranging from 616 and 915 square feet.

6501 Cherry Avenue
Long Beach, CA 90805

The property has fantastic frontage off Cherry Avenue, with over 26,300 potential residents that drive past daily, providing a large tenant base for the right investor. With great access to the 710 and 91 Freeway, the property offers its tenants an easy commute to over 2.9 million jobs within a 30-minute radius, spanning all the way from downtown Long Beach to the north in downtown Los Angeles.