1364 Cherry Ave - Multi-Family FOR SALE


Long Beach, CA 90813- Eastside Long Beach
$1,075,000 USD
562-266-7629
1364 Cherry Ave, Long Beach, CA for Sale
$1,075,000 USD
Multi-Family - FOR SALE
1/24
null | Request Cap Rate

1364 Cherry Ave
Long Beach, CA 90813
Eastside Long Beach


HIGHLIGHTS

  • 100% Vacant with ADU Potential
  • 4 Single Garages
  • New Roof (2025)
  • New Windows & Paint (2025)
  • Interior Upgrades (2025)
  • In-Unit Laundry Hookups

OVERVIEW

FULLY VACANT!!! Four units just 1.4 miles from the beach. 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, floors and fresh interior and exterior paint, all completed in 2025 and interior finishes as seen in the photos. With the property delivered 100% vacant, 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.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

4

PRICE/UNIT

$268,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,200 SF

ZONING

LBCNR

APN/PARCEL ID

7261-023-006

ASK ABOUT THIS PROPERTY

Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.