$3,145,000
$29M PRICE DROP

1101 Cherry Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated payment $19,901/month

Total Views 8,097
-- Bed
1 Bath
4,508 Sq Ft
$698 Price per Sq Ft

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

Shawn Mohler

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

  • 1 Bathroom
  • 4,508 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Gas Oven

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 576
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Price Per Unit: 196562
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 6561.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7261031026
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 697.65

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat Tile
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Gas Dryer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 3257.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Zero Lot Line
  • Lot Size Sq Ft: 3961.00
  • Lot Size Acres: 0.0909

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 109.00
  • Fuel Expense: 4121.00
  • Gross Income: 223504.00
  • Gross Scheduled Income: 274260.00
  • Lot Size Area: 3961.0000 Square Feet
  • Net Operating Income: 223504.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Number With Range: 16
  • Number With Refrigerator: 16
  • Operating Expense: 50756.00
  • Rent Control: Yes
  • Total Expenses: 223504.00

Tax Info

  • Tax Census Tract: 5764.03
  • Tax Lot: A
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 2298.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
08/05/2021 08/05/21 For Sale $2,550,000 -- $566 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25007491

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Cambodia Town

1101 Cherry Ave, Long Beach, CA

This home is located at 1101 Cherry Ave, Long Beach, CA 90813 and is currently priced at $3,145,000, approximately $697 per square foot. This property was built in 1923. 1101 Cherry Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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Shawn Mohler
Listing Agent
Shawn Mohler
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The Mohler Real Estate Group
(562) 545-5055