Exciting Investment Opportunity in Alamitos Beach! Prime Location and Corner Lot. The subject property is on 2 separate parcels, comprised of two commercial buildings and a parking lot. 232 Cherry is comprised of two separate structures, consisting on one 2,695 SF building (currently vacant), and another 1,568 SF building , consisting of two ground floor retail units, and a 2nd story 1bd/1bth apartment unit. 2000 E. Appleton Street consists of 2,985 SF parking lot, and consists of 8 parking spaces. Two blocks from the Ocean and two blocks from 4th Street Retro Row. The property offers tremendous upside and endless possibilities.