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10-Bedroom Residential Income - 1036 Cherry Avenue, Long Beach, CA

$2,195,000

1036 Cherry Avenue, Long Beach, CA

MLS# 26997193

1036 Cherry Avenue, Long Beach, CA 90813 - $2,195,000 · 10 bd 8 ba Multi-Family Home for Sale, photo 1 1036 Cherry Avenue, Long Beach, CA 90813 - $2,195,000 · 10 bd 8 ba Multi-Family Home for Sale, photo 2 1036 Cherry Avenue, Long Beach, CA 90813 - $2,195,000 · 10 bd 8 ba Multi-Family Home for Sale, photo 3 1036 Cherry Avenue, Long Beach, CA 90813 - $2,195,000 · 10 bd 8 ba Multi-Family Home for Sale, photo 4 1036 Cherry Avenue, Long Beach, CA 90813 - $2,195,000 · 10 bd 8 ba Multi-Family Home for Sale, photo 5
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Description

Huge ~400k Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 7.75% 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 8.7% 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 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.

Property details

Bedrooms
10
Bathrooms
8
Square feet
4,722
Year built
1921
Property type
Residential Income
Lot size
5,844 sqft

Location

1036 Cherry Avenue • Long Beach, CA 90813

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Listing Agent

Julio Ruiz

DRE #: 01911261

Brokerage: Global Platinum Properties, Inc.

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CRMLS

MLS# 26997193

Listed: 10/5/2026 8:56 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/13/2026 12:14 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Global Platinum Properties, Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715