714-745-2708

1036 Cherry Avenue, Long Beach, CA 90813

$2,195,000 Approx. USD 10 beds, 8 baths
4,722 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Armin Soleimani | arminsoleimani@gmail.com
Lic#: 01846872
Broker: Courtesy of Global Platinum Properties, Inc.
Phone: 310-666-2246

Co Listing Agent

Julio Ruiz | ziuroiluj@gmail.com
Lic#: 01911261
Broker: Courtesy of Global Platinum Properties, Inc.
Phone: 818-524-0706

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26869003

List price is $2,195,000 Reduced by $80,000 on 9/10/2026

Price: $2,195,000

Beds: 10

Baths: 8

Built in 1921

4,722 sqft

2 stories

0.13 acres

Lot size: 0.1342

County: Los Angeles

Property style: Traditional

Zoning: LBR2N

Parking description: None

Heating description: Wall Furnace

MLS area: 3 - Eastside, Circle Area

Last Updated: 9/17/2026

Days On Market (DOM): 55

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This listing belongs to the 3 - Eastside, Circle Area MLS area

The style of this listing is Traditional.
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Lat/Long: 33.779619, -118.167325.
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