1036 Cherry Avenue
Long Beach, CA 90813
10
Bed
8
Bath
4,722Sqft
5,844Sqft(Lot)
Huge ~300k Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 7.5% 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 8.7% 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 beds: 10Bathroom Information
Total Baths: 8 -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace
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Building Information
Year Built: 1921Building Area Total: 4722Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 5844 Lot Size Acres: 0.1342 Lot Size Square Feet: 5,844
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Listing Price Information
Listing Price: $2275000
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Tax Information
Parcel Number: 7262008019
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Virtual Tour
Parking Information
None
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Location Information
Direction: Located on the east side of the street, mid-block between 10th St. and Anaheim.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1061 N Minerva, Long Beach, CA, 90813 | $595,000 | 1 | 1 | 703 | 703 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1323 Walnut Ave, Long Beach, CA, 90813 | $1,599,000 | 8 | 6 | -- | |
| 1390 Gundry Avenue, Long Beach, CA, 90813 | $530,000 | 1 | 1 | 654 | 654 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $959,000 | 3 | 2 | 1,312 | 1,312 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 |
| 1310 E Hellman, Long Beach, CA, 90813 | $1,599,000 | 10 | 5 | -- | |
| 1242 E 7th St, Long Beach, CA, 90813 | $1,150,000 | -- | -- | 2,875 | 2,875 SqFt |
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ByOwner last updated this listing 08/12/2026 @ 18:40
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