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1036 Cherry Avenue Long Beach, CA 90813
$2,125,000 10 beds, 8 baths
4, 722 sqft
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Photo of Patrick Ahern

Patrick Ahern REALTORĀ® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
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Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275
La Jolla Prospect 1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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Fax: 858-459-3275
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Agent Remarks

Huge ~500k Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 8% 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 8.7% 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 Details

Property type: (Multi-Family)
Status: Active
MLS# 26997193
List price is $2,125,000 Reduced by $70,000 on 10/29/2026
Beds: 10
Baths: 8
Built in 1921
4,722 sqft
2 stories
0.13 acres
Lot size: 0.1342
County: Los Angeles
Property style: Traditional
Zoning: LBR2N
Parking description: None
Heating description: Wall Furnace
MLS area: 3 - Eastside, Circle Area

Last Updated: 11/3/2026

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This listing belongs to the 3 - Eastside, Circle Area MLS area

The style of this listing is Traditional.
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Lat/Long: 33.779619, -118.167325.
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Listing Agent: Armin Soleimani
Co Listing Agent: Julio Ruiz
Lic#: 00610408
Office Name: La Jolla Prospect

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Photo of Patrick Ahern

Patrick Ahern REALTORĀ® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com

La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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