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$2,595,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
See This Home
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8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.1% 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.

Full Property Details for 1036 Cherry Ave

General

  • Price: $2,595,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25628703
  • Updated: 12/15/2025
  • Added to Site: 32 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 10

Additional Information

  • Other Features: None

Parking

  • Garage Description: None

Location

  • Area: Eastside, Circle Area
  • County: Los Angeles
  • Driving Directions: Located on the east side of the street, mid-block between 10th St. and Anaheim.

Heating & Cooling

  • Cooling Type: Ceiling Fan
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Architectural Style: Traditional
  • Stories/Levels: 2
  • Square Feet: 4,722
  • Sq. Ft. Source: Owner
  • Year Built: 1921
  • Year Built Source: Vendor Enhanced
  • Property Condition: Updated/Remodeled

Unit Information

  • Units in Complex: 8
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1342
  • Lot Size: 5844
  • Lot Size Source: Vendor Enhanced
  • Zoning: LBR2N

Financial Considerations

  • Price Per Sq. Ft.: $549.56
  • Assessment Year: 1921

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 7262-008-019

Listed by Global Platinum Properties, Inc., Armin Soleimani and Global Platinum Properties, Inc., Julio Ruiz

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Listing agents

— 1036 Cherry Ave —

  • Armin Soleimani

    Global Platinum Properties, Inc.

  • Julio Ruiz

    Global Platinum Properties, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1036 Cherry Ave

School District:Long Beach Unified School District
NameGradesDistance
Willard Elementary School, Long Beach, CA
1055 Freeman Avenue, Long Beach, CA 90804
K-50.7 mi
Jefferson Leadership Academies School
750 Euclid Avenue, Long Beach, CA 90804
6-81.1 mi
Wilson High School
4400 East 10th Street, Long Beach, CA 90804
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1036 Cherry Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/15/2025
Listed
$2,595,000
1896.15%
MLS
11/01/1995
Sold
$130,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1036 Cherry Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$18,968
395%
$1,374,000
546%
2024
$3,833
2%
$212,820
2%
2023
$3,757
6%
$208,670
2%
2022
$3,557
3%
$204,602
2%
2021
$3,451
—
$200,613
1%
2020
$3,441
1%
$198,569
3%
2019
$3,402
5%
$193,578
2%
2018
$3,230
1%
$189,784
2%
2017
$3,195
8%
$186,064
2%
2016
$2,966
3%
$182,417
2%
2015
$2,867
-1%
$179,678
2%
2014
$2,883
3%
$176,159
—
2013
$2,808
—
$175,364
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Global Platinum Properties, Inc., Armin Soleimani and Global Platinum Properties, Inc., Julio Ruiz

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1036 Cherry Ave, Long Beach, CA 90813 (MLS# 25628703) is a Multi-Family property with units containing 10 bedrooms and 0 full bathrooms. 1036 Cherry Ave is currently listed for $2,595,000 and was received on December 15, 2025. Want to learn more about 1036 Cherry Ave? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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