$995,000
1060 Cherry A & B, Long Beach CA 90813
Multi-Family (Duplex)
Property type
70 days
On market
$472
Price per sqft
2 cars
Garage
1918
Year built
5,597 sqft
Lot size
Home highlights
Open Houses
Overview
Prime Income-Producing Duplex in the Heart of Long Beach. This exceptional investment opportunity in one of Southern California’s most dynamic coastal cities is centrally located in a high-rental demand market and offers the perfect blend of steady rental income, future growth, and great location. The property is comprised of 2 separate units, ideal for investors or...
Listing provided by: Omar Ruiz DRE #02219862 714-309-3823, Home Choice Property Mgt
Listing updated: Mar 31, 2026 at 03:32pm.
Last checked: Jun 5, 2026 at 12:31am
Source: CRMLS #PW26066695
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 5 | 2 | 1 | $3,180 | $3,180 | $3,180 | Unfurnished |
| 1 | 4 | 2 | 1 | $0 | $0 | $3,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Rent Control: No
Units Leased: 1
Total Actual Rent: $3,180
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
161.0x
List Price / Annual Gross Rent
Cap Rate
3.11%
NOI / List Price
Gross Scheduled Income: $6,180
Operating Expense: $8,332
Net Operating Income: $30,900
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $2,432
Maintenance: $900
New Taxes: $5,000
Trash: $617
Water / Sewer: $645
Interior
Interior Features: Ceiling Fans, Granite Counters, Unfurnished
Flooring: Tile
Cooling: None
Heating: Natural Gas, Wall Furnace
Appliances: Gas Oven, Water Heater
Fireplace: None
Laundry: None
Accessibility: None
Entry Location: Street
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Roof: Shingle
Foundation: Concrete Perimeter
Construction Materials: Wood Siding
Property Condition: Termite Clearance
Common Walls: No Common Walls
Lot Features: Two To Five Units Acre
Pool: None
Spa: None
Fencing: Wood
Water Source: Public
Sewer: Public Sewer
Electric: Unknown
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: None
Garage and Parking
Parking: Door Single, Garage Faces Front, Garage, Garage Faces Rear
Garage Spaces: 2
Carport Spaces: 2
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7262008023
Additional Parcels: No
Tax Lot: 88
Subdivision: Eastside (ES)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1060 Cherry A & B, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$796,000
Total Interest
$1,015,254
Total Payment
$1,811,254
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,218
per month
Property History for 1060 Cherry A & B
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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