1036 Cherry Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1036 Cherry Avenue,Long Beach, CA 90813
$2,360,000
  • 10 Beds
  • 8 Baths
  • 4,722 sq. ft.
  • Multi-family
  • Active
Listed by: armin soleimani, julio ruiz
Office: global platinum properties, inc.424-394-1030
MLS#:26792189
Source:CRMLS

Price summary

  • Price:$2,360,000
  • Price per sq. ft.:$499.79

About this home

Huge ~250k Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.75% from day 1! Excellent unit mix of 1 (3bed/1bath) unit and 7 (1bed/1bath) units including 2 brand-new attached ADUs. Several units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash, further minimizing the operating expenses. Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) for future upside. Prime North Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the...

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Home facts

  • Year built:1921
  • Listing ID #:26792189
  • Added:1 day(s) ago
  • Updated:April 24, 2026 at 11:39 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Living area:4,722 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1921
  • Building area:4,722 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Traditional
  • Levels:2 Story

Finances and disclosures

  • Price:$2,360,000
  • Price per sq. ft.:$499.79
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