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Price Drop: $70K (10/05)
Street View
Listed by: Armin Soleimani (310) 666-2246 DRE #01846872, Julio Ruiz DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$2,125,000
Monthly Est:$10,577
10 Beds
8 Baths
4,722sqft
1036 Cherry Ave, Long Beach, CA 90813
$2,125,000
$10,577/moEst:
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Multi Family
Built in 1921
$-- HOA
5,844 sqft lot
$450/sq.ft
Description
Huge ~500k Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 8% 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.
- Houzeo last checked: 7 minutes ago
- Listing updated: October 28, 2026 at 11:13 pm
- Source: California Regional MLS-CA | MLS#: 26997193
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1921
HOA Fees
-
Finished Area
4,722 sqft
Lot Size
5,844 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26997193
MLS Status
Active
Days on Market
23
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 8
Interior
Heating
Wall Furnace
Construction
Year Built
Year Built: 1921
Home type
Multi Family
Property Condition
Updated Remodeled
Architectural Style
Traditional
Utilities & Energy
Parking Features
None
Price History
| Date | Event | Price |
|---|---|---|
10/05/2026 Source: | Price Decreased | $2,125,000 -3.19% $450/sqft |
09/10/2026 Source: | Listed for Sale | $2,195,000 -3.52% $465/sqft |
08/05/2026 Source: | Price Increased | $2,275,000 +3.64% $482/sqft |
08/05/2026 Source: | Off Market | $2,195,000 -6.60% $465/sqft |
05/27/2026 Source: | Price Increased | $2,350,000 +3.30% $498/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 29, 2026, 03:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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