Long Beach, CA 90813 841 Cherry Avenue
$1,250,000
11 more
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
Beds • 1
Baths • 1
SQFT • 3,311
Garage • 3
Year Built • 1922
Home Details
841 Cherry Avenue is a 6-unit multifamily investment property located in Long Beach, California. Built in 1922, 841 Cherry Avenue offers investors the opportunity to acquire 6 well located units in one of Los Angeles County’s most desirable rental markets. The property features two buildings on a 0.15-acre parcel offering a mix of studio & one-bedroom floor plans and 3, garage parking spaces. 841 Cherry Avenue is within walking distance of a variety of lifestyle amenities including Rose Park, the shops and restaurants of Retro Row, and Alamitos Beach. Additionally, the property is just a short commute to employers in Downtown Long Beach and adjacent employment hubs such as the South Bay and Orange County via the 710 and 405 freeways. In summary, 841 Cherry Avenue’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With rental upside and strong rental metrics, 841 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
Interior Features for 841 Cherry Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 841 Cherry Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.4
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
DirectionsCross Streets of Cherry Avenue & 10th Street
Electric Expense1122.0
Electric On Property Y/NNo
Entry LocationFirst level
Fuel Expense1122.0
Garage Spaces3.0
Garage Y/NYes
Gross Income127020.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense6000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet6534.0
Lot Size UnitsAcres
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense5400.0
MobileHomeRemainsYNNo
Net Operating Income79942.0
New ConstructionNo
Number Of Units Total6
Operating Expense43267.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameOther
Tax Lot19
Taxes$15,503
Trash Expense1122.0
Water Sewer Expense1123.0
Year Built1922
Year Built SourceAssessor
ZoningLBR2N
Exterior for 841 Cherry Avenue
Building Area Total3311.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.15
Lot Size Area0.15
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,250,000
MLS#OC25134358
List Date
06/16/2025
Property Type
Multi-Family
Phone
(310) 963-5595
