1101 Cherry Ave Long Beach, CA 90813
Cambodia Town NeighborhoodEstimated payment $18,205/month
Highlights
- Laundry Room
- Zero Lot Line
- Vinyl Flooring
- Long Beach Polytechnic High School Rated A
- Wood Fence
- Wall Furnace
About This Home
Wow, this Spanish beauty is an absolute bread and butter property in the heart of Long Beach! Most every unit has been remodeled and updated. All units are vintage studios with either Juliet balconies on the 2nd floor or rear doors to a walk way for the lower units. Painted with designer colors, laminate flooring, vintage cabinets and all stoves and refrigerators are seller owned. There is an on-site coin operated laundry room with 2 washers and 2 dryers which adds to the already lucrative income on this property. The exterior has been fully repainted, the roof has a white Elasta-Coasting with a five year warranty to help reduce the heat on the upper apartments. The main exterior panel has had an impressive and massive upgrade. There is a small basement which will show the updates to the foundation and supports of the property. There is a cute slate rear courtyard for the tenants to utilize and also allows access to the rear dead end alley. This is a great property with tremendous opportunity for growth!
Listing Agent
The Mohler Real Estate Group Brokerage Phone: 562-505-7953 License #01910887 Listed on: 01/17/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 3,961 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Density is 16-20 Units/Acre
- Zero Lot Line
Home Design
- Apartment
- Entry on the 1st floor
- Flat Tile Roof
- Stucco
Interior Spaces
- 4,508 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
- Gas Oven
Bedrooms and Bathrooms
- Unit 1 Bedrooms: 0
- 1 Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
- 220 Volts In Laundry
Utilities
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tax Lot A
- Tax Tract Number 5764
- Assessor Parcel Number 7261031026
- $2,298 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 17 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $109
- Fuel Expense $4,121
- Trash Expense $3,257
- Water Sewer Expense $6,561
- Operating Expense $223,504
- Gross Income $223,504
- Net Operating Income $223,504
Additional Features
- 16 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2025 12/05/25 | Price Changed | $2,925,000 | -0.7% | $649 / Sq Ft | |
| 11/17/2025 11/17/25 | Price Changed | $2,945,000 | -1.7% | $653 / Sq Ft | |
| 10/28/2025 10/28/25 | Price Changed | $2,995,000 | -0.1% | $664 / Sq Ft | |
| 10/28/2025 10/28/25 | Price Changed | $2,999,000 | +36.4% | $665 / Sq Ft | |
| 10/28/2025 10/28/25 | Price Changed | $2,199,000 | -30.1% | $488 / Sq Ft | |
| 08/05/2025 08/05/25 | Price Changed | $3,145,000 | -0.9% | $698 / Sq Ft | |
| 03/17/2025 03/17/25 | Price Changed | $3,175,000 | -0.8% | $704 / Sq Ft | |
| 01/17/2025 01/17/25 | For Sale | $3,199,000 | +25.5% | $710 / Sq Ft | |
| 10/18/2021 10/18/21 | Sold | $2,550,000 | 0.0% | $566 / Sq Ft | View Prior Sale |
| 08/05/2021 08/05/21 | For Sale | $2,550,000 | -- | $566 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25007491
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Based on information from California Regional Multiple Listing Service, Inc. 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
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