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Listed by: John McCann (310) 382-1063 DRE #01963932 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$1,050,000
2 Beds
6 Baths
2,773sqft
1081 Cherry Ave, Long Beach, CA 90813
$1,050,000
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Multi Family
Built in 1923
$-- HOA
6,187 sqft lot
$379/sq.ft
Description
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...
Continue Reading- Houzeo last checked: 4 minutes ago
- Listing updated: June 16, 2026 at 5:12 pm
- Source: California Regional MLS-CA | MLS#: 26676253
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
2,773 sqft
Lot Size
6,187 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26676253
MLS Status
Active
Days on Market
159
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