Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90813 905 915 Cherry Avenue

905 915 Cherry Avenue Long Beach, CA - Image 1905 915 Cherry Avenue Long Beach, CA - Image 2905 915 Cherry Avenue Long Beach, CA - Image 3
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Presented By: Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
  • MLS# OC25134383
  • 06/16/2025
  • Request Tour
  • Request Info
  • Beds • 24
  • Baths • 1
  • SQFT • 15,328
  • Garage • 15
  • Year Built • 1922

Home Details

905 & 915 Cherry Avenue is a 2-property, a 26-unit multifamily portfolio located in Long Beach, California. Built in 1922, 905 & 915 Cherry Avenue offers investors an opportunity to acquire a sizable footprint in one of Los Angeles County’s most desirable rental markets. 905 & 915 Cherry Avenue features an attractive mix of one and two-bedroom floor plans with desirable property amenities including surface and garage parking, and on-site laundry facilities. The portfolio 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 portfolio 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, 905 & 915 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, 905 & 915 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 905 915 Cherry Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 905 915 Cherry Avenue

Additional Parcels Description7267015018
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.14
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
DirectionsCross Streets of Cherry Avenue & 10th Street
Electric Expense6020.0
Electric On Property Y/NNo
Entry LocationFirst level
Fuel Expense6020.0
Garage Spaces15.0
Garage Y/NYes
Gross Income506057.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense26000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet19602.0
Lot Size UnitsAcres
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense23400.0
MobileHomeRemainsYNNo
Net Operating Income288545.0
New ConstructionNo
Number Of Units Total26
Operating Expense202471.0
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 Lot17
Taxes$58,290
Trash Expense6020.0
Water Sewer Expense6022.0
Year Built1922
Year Built SourceAssessor
ZoningLBR2N

Exterior for 905 915 Cherry Avenue

Building Area Total15328.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.45
Lot Size Area0.45
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters26
Number of Separate Gas Meters26
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking15.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Justin Hughey

Price $4,700,000
MLS#OC25134383
List Date 06/16/2025
Property Type Multi-Family
Request Tour
Request Info

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