1364 Cherry Ave Long Beach, CA 90813
Cambodia Town NeighborhoodEstimated payment $6,840/month
Highlights
- No HOA
- Laundry Room
- Front Yard
- Woodrow Wilson High School Rated A
- Bike Trail
About This Home
MOVE IN READY!!!
Four units just 1.4 miles from the beach. This rare four unit property offers immediate move in readiness with strong long term upside. The property features four oversized one bedroom, one bath units, each with in unit laundry and garage parking in the rear. The upstairs units offer private balconies, while tenants also enjoy a massive front yard that presents future development potential, including possible ADU additions and garage conversions. Buyer to verify all development potential with the City of Long Beach. Recent capital improvements include a brand new roof, all new windows, and fresh interior and exterior paint, all completed in 2025 and interior finishes as seen in the photos. With the property delivered in its CURRENT CONDITION (See remarks), this property presents a rare blank canvas for an investor to renovate, reconfigure layouts if desired, and establish a tenant base of their choosing. The current status also offers a unique opportunity to position the asset to hedge against AB 1482 statewide rent control.
Listing Agent
Younglewin Advisors, Inc. Brokerage Phone: 562-266-7629 License #02081392 Listed on: 12/23/2025
Co-Listing Agent
Younglewin Advisors, Inc. Brokerage Phone: 562-266-7629 License #01963090
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,490
Year Built
- Built in 1924
Lot Details
- 5,200 Sq Ft Lot
- Two or More Common Walls
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,544 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 2900
- Assessor Parcel Number 7261023006
- $847 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Recreation
- Bike Trail
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $3,816
- Maintenance Expense $2,600
- Pest Control $325
- Water Sewer Expense $3,060
- New Taxes Expense $14,490
- Operating Expense $24,854
- Gross Income $88,680
- Net Operating Income $63,825
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 | $1,379 | $47,489 | $25,462 | $22,027 |
| 2024 | $1,379 | $46,559 | $24,963 | $21,596 |
| 2023 | $1,347 | $45,647 | $24,474 | $21,173 |
| 2022 | $1,287 | $44,753 | $23,995 | $20,758 |
| 2021 | $1,237 | $43,876 | $23,525 | $20,351 |
| 2019 | $1,220 | $42,577 | $22,828 | $19,749 |
| 2018 | $1,130 | $41,743 | $22,381 | $19,362 |
| 2016 | $1,038 | $40,124 | $21,513 | $18,611 |
| 2015 | $1,011 | $39,522 | $21,190 | $18,332 |
| 2014 | $1,031 | $38,748 | $20,775 | $17,973 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/23/2025 12/23/25 | For Sale | $1,075,000 | +65.4% | $423 / Sq Ft | |
| 09/02/2025 09/02/25 | Sold | $650,000 | -27.4% | $256 / Sq Ft | View Prior Sale |
| 06/04/2025 06/04/25 | Pending | -- | -- | -- | |
| 05/12/2025 05/12/25 | For Sale | $895,000 | -- | $352 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $650,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25276740
APN: 7261-023-006
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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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