1036 Cherry Ave Long Beach, CA 90813
Hellman NeighborhoodHighlights
- Traditional Architecture
- Woodrow Wilson High School Rated A
- Ceiling Fan
About This Home
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.
Listing Agent
Global Platinum Properties, Inc. License #01846872 Listed on: 02/26/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921 | Remodeled
Home Design
- Traditional Architecture
Interior Spaces
- 4,722 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Additional Features
- 5,844 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 7262-008-019
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,833 | $1,374,000 | $624,000 | $750,000 |
| 2024 | $3,833 | $211,700 | $48,844 | $162,856 |
| 2023 | $3,757 | $207,550 | $47,887 | $159,663 |
| 2022 | $3,557 | $203,482 | $46,949 | $156,533 |
| 2021 | $3,451 | $199,493 | $46,029 | $153,464 |
| 2019 | $3,402 | $194,698 | $44,665 | $150,033 |
| 2018 | $3,230 | $190,904 | $43,790 | $147,114 |
| 2016 | $2,966 | $182,417 | $42,091 | $140,326 |
| 2015 | $2,867 | $179,678 | $41,459 | $138,219 |
| 2014 | $2,883 | $176,159 | $40,647 | $135,512 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $2,475,000 | -- | $524 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,100,000 | Vylla Title | |
| Grant Deed | $1,100,000 | Vylla Title | |
| Grant Deed | $130,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $760,000 | Construction | |
| Previous Owner | $88,800 | Seller Take Back |
Source: The MLS
MLS Number: 26657279
APN: 7262-008-019
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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