$2,925,000
-$20,0001101 Cherry Avenue, Long Beach CA 90813
Multi-Family (16 Units)
Property type
510 days
On market
$649
Price per sqft
0 cars
Garage
1923
Year built
3,961 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Shawn Mohler DRE #01910887, The Mohler Real Estate Group
Listing updated: Apr 7, 2026 at 04:50pm.
Last checked: Jun 4, 2026 at 11:01pm
Source: CRMLS #PW25007491
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 16 | 0 | 1 | — | $1,450 | $22,855 | $23,200 | Unfurnished |
# of Buildings: 1
# of Units Total: 16
Separate Electric Meters: 17
Separate Gas Meters: 1
Separate Water Meters: 1
Refrigerator: 16
Rent Control: Yes
Tenant Pays: Electricity
Financial Snapshot
Gross Rent Multiplier
10.7x
List Price / Annual Gross Rent
Cap Rate
7.64%
NOI / List Price
Gross Scheduled Income: $274,260
Operating Expense: $50,756
Net Operating Income: $223,504
Annual Operating Expenses
Electric: $109
Fuel: $4,121
Insurance: $0
Professional Management: $0
Trash: $3,257
Water / Sewer: $6,561
Interior
Flooring: Vinyl
Cooling: None
Heating: Wall Furnace
Appliances: Gas Oven, Refrigerator, Dryer, Washer
Fireplace: None
Laundry: Common Area, Gas Dryer Hookup, Dryer Included, Washer Included
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Flat Tile
Construction Materials: Stucco
Common Walls: Two Common Walls Or More
Lot Features: Sixteen To Twenty Units Acre, Zero Lot Line
Pool: None
Fencing: Wood
Water Source: Public
Sewer: Public Sewer
Electric: Volts220 In Laundry
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Road Frontage Type: City Street
Garage and Parking
Parking: None
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7261031026
Additional Parcels: No
Tax Lot: A
Zoning: LBR2N
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1101 Cherry Avenue, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,340,000
Total Interest
$2,984,541
Total Payment
$5,324,541
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,987
per month
Property History for 1101 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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