1036 Cherry Ave

Long Beach, CA 90813

$2,475,000
Price
10
Beds
8
Baths
4,722 Sq. Ft.
$524 / Sq. Ft.
4,722
Sq. Ft.
$524
per Sq. Ft.
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Description

Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.5% 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%...Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.5% 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% 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 for 1036 Cherry Avenue

Zoning
LBR2N
Style
Traditional
Parcel Number
7262008019
Total Units
8.0
Living Area
4722
Source Living Area
Owner
Area
Eastside, Circle Area (3)
Vacancy Rate
2 Units
LISTING UPDATED: 02/26/2026 03:41 PM

Property Details for 1036 Cherry Avenue

StatusActive
MLS #26657279
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.13 AC / 5,844 SF
CountyLos Angeles County
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Location

Listing Courtesy of Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261
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Building Information for 1036 Cherry Avenue

Stories2Residences-Year Built1921Building Size-Lot Size0.13 AC / 5,844 SF

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$13,644 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,063

Property Taxes

$1,581

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1036 Cherry Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Low Rise
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $213,707
  • Net Operating Income: $160,902.00
  • Gross Income: $220,317
  • Cap Rate: 6.50%
  • Gross Rent Multiplier: $10.88
  • Total Annual Expense: 52806
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1342
  • Lot Size Square Feet: 5844
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Ceiling Fan
  • Cooling Type: Ceiling Fan
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-26-2026
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,363.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,267.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,479.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,095.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,181.00
  • Unit Projected Rent: $2,295.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $2,985.00
  • Unit Projected Rent: $3,495.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,995.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $750,000.00
  • Assessed Improvement Percent: 54.59
  • Assessed Land Value: $624,000.00
  • Assessed Land Percent: 45.41
  • Assessed Total Value: $1,374,000.00

Property History for 1036 Cherry Avenue

DateEvent & SourcePriceAppreciation
Feb 26, 2026

Withdrawn / Cancelled

CLAW #25628703

—
Feb 26, 2026

Listed (Active)

CRMLS #26657279

$2,475,000—
Feb 26, 2026

Withdrawn / Cancelled

CRMLS #25628703

$2,475,000—
Feb 26, 2026

Listed (Active)

CLAW #26657279

$2,475,000—
Jan 26, 2026

Price Change

CLAW #25628703

$2,475,000—
Dec 15, 2025

Listed (Active)

CLAW #25628703

$2,595,000—
Dec 15, 2025

Listed (Active)

CRMLS #25628703

$2,595,000—
Dec 9, 2024

Sold

CRMLS #OC24164367

$950,000—
Oct 4, 2024

Sold

CRMLS #OC24164367

$150,000—
Aug 13, 2024

Hold

CRMLS #OC24164367

—
Aug 8, 2024

Listed (Active)

CRMLS #OC24164367

$1,150,000—
DateEvent & SourcePrice
02/26/2026

Withdrawn / Cancelled

CLAW #25628703

—
02/26/2026

Listed (Active)

CRMLS #26657279

$2,475,000
02/26/2026

Withdrawn / Cancelled

CRMLS #25628703

$2,475,000
02/26/2026

Listed (Active)

CLAW #26657279

$2,475,000
01/26/2026

Price Change

CLAW #25628703

$2,475,000
12/15/2025

Listed (Active)

CLAW #25628703

$2,595,000
12/15/2025

Listed (Active)

CRMLS #25628703

$2,595,000
12/09/2024

Sold

CRMLS #OC24164367

$950,000
10/04/2024

Sold

CRMLS #OC24164367

$150,000
08/13/2024

Hold

CRMLS #OC24164367

—
08/08/2024

Listed (Active)

CRMLS #OC24164367

$1,150,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1036 Cherry Avenue

Taxable ValueLand$624,000Additions$750,000Total$1,374,000
Tax Record2025$18,968 ($1,581 / month)
Home Facts
Total Finished SqFt3,979 SqFtAbove Grade Finished SqFt3,979 SqFtLot Size5,844 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLBR2NCountyLOS ANGELESAPN7262-008-019

Schools near 1036 Cherry Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Willard Elementary School
Public - K to 5
Jefferson Leadership Academies School
Public - 6 to 8
Wilson High School
Public - 9 to 12
Clear Passage Educational Center
Charter - 9 to 12
Rating
School
Distance
Willard Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1036 Cherry Avenue, Long Beach, CA 90813

1036 Cherry Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on February 26, 2026 by Global Platinum Properties, Inc., it's currently listed at $2,475,000. It has been on the market for a total of 2 days and was last sold on December 9, 2024. This listing's school district is Long Beach Unified School District. Nearby schools include Willard Elementary School, Jefferson Leadership Academies School and Wilson High School. 1036 Cherry Avenue is a 10-bed, 8-bath, 4,722 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872; Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.