$1,373,000
 $7,371 est/mo Sourced by Back At You

1605 Cherry Avenue,Long Beach, CA 90813

Long Beach, CA 90813

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Description

We proudly present Cherry Avenue Apartments, a four-unit multifamily investment opportunity located at 1605 Cherry Avenue in Long Beach, California. The property generates $100,800 in annual gross scheduled rental income ($8,400 monthly), with approximately 13% potential rental upside based on estimated market rents. Built in 1949, the single-story property offers a mix of two- and three-bedroom residences, complemented by two garage parking spaces. Individual exterior entrances open onto a shared landscaped courtyard featuring mature greenery and gated pedestrian access. The single-story layout provides residents with no upstairs neighbors, contributing to the property's inviting residential setting. Situated along Cherry Avenue near Pacific Coast Highway, the property offers convenient access to neighborhood shopping, dining, and public transportation. Its location connects residents to destinations throughout Long Beach, while separate utility metering supports direct tenant billing for individually metered services and helps limit owner-paid utility expenses. Cherry Avenue Apartments offers investors an income-producing multifamily property combining strong in-place rental income, potential rental upside, courtyard living, and a desirable unit mix. ** DO NOT DISTURB TENANTS **

Details

MLS #OC26221690
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site16
Listing Provided ByKirklen Investment Group | Jason Kirklen

Features

SQ Feet3,546
Garage2
Story(s)1
Units4
Building(s)1
Acreage0.17

Exterior

Lot FeaturesSix To Ten Units Acre

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Gutters, Storm Drains, Street Lights, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$1,373,000
low | high
Med:
$899,000
84.522942461763% of Average
sqft:
3,546
low | high
Med:
3,259
58.107727016356% of Average
$ / sqft:
$387
low | high
Med:
$289
75.282953351398% of Average
On site:
16
low | high
Med:
272
5.882352941176% of Average
Sourced by Back At You

Market Activity 90813

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Contact

Learn More About This Property

Benjamin Leaskou

Benjamin Leaskou

01754516 (760) 799-4290ben@leaskouhiggins.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$1,373,000
low | high
Med:
$899,000
84.522942461763% of Average
sqft:
3,546
low | high
Med:
3,259
58.107727016356% of Average
$ / sqft:
$387
low | high
Med:
$289
75.282953351398% of Average
On site:
16
low | high
Med:
272
5.882352941176% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.029M - $1.716M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
1323 Walnut Ave Property Photo 1
$1,599,000
1323 Walnut Ave
Long Beach, CA 90813
1965 Saint Louis Property Photo 1
$1,250,000
1965 Saint Louis
Signal Hill, CA 90755
1081 Cherry Avenue Property Photo 1
$1,050,000
1081 Cherry Avenue
Long Beach, CA 90813
Listing Updated: October 15, 2026 at 4:39:46 PM PDT

Benjamin Leaskou - Desert Lifestyle Properties