1036 Cherry Avenue
Long Beach, CA 90813
10
Bed
0
Bath
4,722Sqft
5,844Sqft(Lot)
Huge ~250k Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 7.2% 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 8.7% 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 e
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 10Bathroom Information
Total Baths: 8 Full Baths: 0 Half Baths: 0 -
Heating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1921 Building Area Total: 4,722
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1342 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5844
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Listing Price Information
Original List Price: 2,350,000 Listing Contract Date: 2026-05-27 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 7262008019
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Garage and Parking
Garage Description: NoneHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: 3 - Eastside, Circle Area Directions: Located on the east side of the street, mid-block between 10th St. and Anaheim. Zoning: LBR2N Source Property Type: Residential Income Area: 3 - Eastside, Circle Area -
Building and Construction
Property Age: 105 Property Condition: Updated/Remodeled Year Built Source: Vendor Enhanced Total Square Feet Living: 4722 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1081 Cherry Avenue, Long Beach, CA, 90813 | $1,100,000 | 2 | -- | 2,773 | 2,773 SqFt |
| 1735 E 10th Street, Long Beach, CA, 90813 | $3,047,700 | 22 | -- | 10,253 | 10,253 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1419 E 15th, Long Beach, CA, 90813 | $995,000 | -- | -- | 2,292 | 2,292 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,950,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $995,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1056 Hoffman, Long Beach, CA, 90813 | $1,700,000 | 6 | 6 | 2,560 | 2,560 SqFt |
| 1720 Cerritos Avenue, Long Beach, CA, 90813 | $2,100,000 | -- | -- | 6,074 | 6,074 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
| 1416 Orange, Long Beach, CA, 90813 | $1,299,999 | 6 | 4 | 2,926 | 2,926 SqFt |
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ByOwner last updated this listing 06/05/2026 @ 18:31
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