1036 Cherry Ave | Image 1
1036 Cherry Ave | Image 2
1036 Cherry Ave | Image 3
1036 Cherry Ave | Image 4
1036 Cherry Ave | Image 5
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1036 Cherry Ave | Image 7

$2,475,000

For Sale

12 days ago

MLS® 26657279

10 Bed

8 Bath

4722 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 4722 sqft
Garage No
HOA Fees 
Taxes 
Days Active 12
Approx. Age 1921
Avg. Price Per Sqft $524
MLS® Number 26657279

Property Address: 1036 Cherry Ave, Long Beach, CA, 90813-3962

Average square foot calculated using Size range provided by listing agent.

Description

Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.5% 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 opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
MLS® Number26657279
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1921
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 26, 2026List Date
$2,475,000List Price
  • Commute

Commute

Starting Address
Destination Address
1036 Cherry Ave, Long Beach, CA

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