1081 Cherry Avenue
Long Beach, CA 90813
2
Bed
0
Bath
2,773Sqft
6,187Sqft(Lot)
1081 Cherry Avenue presents investors with a rare opportunity to acquire a fully occupied, cash-flowing six-unit asset in Long Beach at a compelling 6.42% current cap rate with immediate upside on the table. Offered at $1,100,000, $183,333 per unit and $397 per square foot, this 1923 built property delivers strong in place income of $110,208 annually against a lean 33% expense ratio, producing a current NOI of $70,569 with a clear path to $92,263 at pro forma rents. The property consists of one two-bedroom one-bath unit and five studios across 2,773 square feet of building on a 6,187 square foot lot. All six units are occupied with tenants paying gas and electric, and the building features an on-site laundry facility and garage parking for the two-bedroom unit. Studios are currently averag
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 6 -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Cooling: None
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Building Information
Year Built: 1923Building Area Total: 2773Private Pool: No
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Lot Information
Lot Dimensions: 44x140 Main Square Feet: 6187 Lot Size Acres: 0.142 Lot Size Square Feet: 6,187
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Listing Price Information
Listing Price: $1050000Original Price: $1150000
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Tax Information
Parcel Number: 7267014025
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Virtual Tour
Parking Information
Parking Total: 5 Driveway, Shared Driveway, On Street
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Location Information
Direction: On Cherry Avenue in Long Beach.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | -- | 4,722 | 4,722 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1014 Gaviota Avenue, Long Beach, CA, 90813 | $668,000 | 2 | -- | 914 | 914 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $969,000 | 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 | $1,725,000 | -- | -- | 5,735 | 5,735 SqFt |
| 1242 E 7th St, Long Beach, CA, 90813 | $1,150,000 | -- | -- | 2,875 | 2,875 SqFt |
| 1403 Lemon Avenue, Long Beach, CA, 90813 | $1,250,000 | 14 | 6 | -- |
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ByOwner last updated this listing 07/22/2026 @ 17:08
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