1101 Cherry Avenue Long Beach, CA $ 2,925,000
1101 Cherry Avenue
$ 2,925,000
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1101 Cherry Avenue

Long Beach, CA, 90813
$ 2,925,000
Baths1.0 Sq 4,508

Monthly Estimate*

$ 18,010

Listed by The Mohler Real Estate Group
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View a Virtual Tour
Studio

Multi-Family Home for sale in Long Beach, CA

for $2,925,000 with 1 full bath. This 4,508 square foot home was built in 1923 on a lot size of 0.0909.

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!

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Multi-Family Active

Price

$ 2,925,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0909

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW25007491

Days on Market

412

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Cable Available Electricity Connected Sewer Connected Water Connected
Roof Flat Tile
Appliances Gas Oven Refrigerator Dryer Washer
Zoning LBR2N
Garage Spaces 0
Pool Features None
Construction Materials Stucco
Year Built 1923
Electric 220 Volts in Laundry
Tenant Pays Electricity
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 223504
Community Features Sidewalks
County Los Angeles
Net Operating Income 223504
Operating Expense 50756
Insurance Expense 0
New Construction false
Property Type Residential Income
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Cherry between 10th and Anaheim
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 16
MLS Area 9 - Poly High
Lot Size Units Square Feet
Lot Size Square Feet 3961
Listing Terms Cash Cash to New Loan Conventional
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 109
Fuel Expense 4121
Trash Expense 3257
Water Sewer Expense 6561
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot A
Property Sub Type Additional Apartment
Expected Active Date 2025-01-17
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Interior
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area Gas Dryer Hookup
Entry Level 1
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Exterior
Fencing Wood
Parking Features None
Lot Features 16-20 Units/Acre Zero Lot Line
Water Source Public
Total Parking 0
Lot Size Area 3961
Number of Buildings 1
Building Area Total 4508
Lot Size Acres 0.0909
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 17
Road Frontage Type City Street
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* Excluded Features
List By
The Mohler Real Estate Group

Broker

shawnmohler@gmail.com

Email

Affordability Calculator

$18,010
Per Month
100%
0%
0%
Monthly Principal & Interest
$18,010
Monthly Property Taxes
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2025$2,925,000 -0.68% Price Down
11/20/2025$2,945,000 Listed Price

Map


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1101 Cherry Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,925,000 with 4,508 sqft and a lot size of 0.0909. 1101 Cherry Avenue is a studio with 1.0 baths and was built in 1923. The property's zip code is 90813 which is in Long Beach, CA