$1,100,000
-$50,0001081 Cherry Avenue, Long Beach CA 90813
Multi-Family (6 Units)
Property type
59 days
On market
$397
Price per sqft
N/A
Garage
1923
Year built
6,187 sqft
Lot size
Open Houses
Overview
1081 Cherry Avenue presents investors with a rare opportunity to acquire a fully occupied, cash-flowing six-unit asset in Long Beach at a compelling 6.42% current cap rate with immediate upside on the table. Offered at $1,100,000, $183,333 per unit and $397 per square foot, this 1923 built property delivers strong in place income of $110,208 annually against a lean 33% expense...
Listing provided by: John 'Jack' McCann DRE #01963932 310-382-1063, Lyon Stahl Investment Real Estate, Inc.
Listing updated: May 19, 2026 at 07:24pm.
Last checked: Jun 5, 2026 at 10:30am
Source: CRMLS #26676253
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,650 | $2,650 | $2,850 | Unfurnished |
| 1 | 0 | 1 | — | $1,334 | $1,334 | $1,600 | Unfurnished |
| 4 | 0 | 1 | — | $1,300 | $5,200 | $1,600 | Unfurnished |
# of Buildings: 2
# of Units Total: 6
Financial Snapshot
Gross Rent Multiplier
10.0x
List Price / Annual Gross Rent
Cap Rate
6.36%
NOI / List Price
Net Operating Income: $69,944
Interior
Cooling: None
Heating: Wall Furnace
Exterior
Property Attached: No
Stories Total: 0
Levels: Multi Split
Common Walls: No Common Walls
Garage and Parking
Parking: Driveway, Shared Driveway, On Street
Parking Total: 5
Lot Information
Land Lease: No
Parcel #: 7267014025
Zoning: LBR2N
Lot Size Dimensions: 44x140
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1081 Cherry Avenue, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$880,000
Total Interest
$1,122,391
Total Payment
$2,002,391
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,858
per month
Property History for 1081 Cherry Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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