About this home

We proudly present Cherry Avenue Apartments, a four-unit multifamily investment opportunity located at 1605 Cherry Avenue in Long Beach, California. The property generates $100,800 in annual gross scheduled rental income ($8,400 monthly), with approximately 13% potential rental upside based on estimated market rents. Built in 1949, the single-story property offers a mix of two- and three-bedroom residences, complemented by two garage parking spaces. Individual exterior entrances open onto a shared landscaped courtyard featuring mature greenery and gated pedestrian access. The single-story layout provides residents with no upstairs neighbors, contributing to the property's inviting residential setting. Situated along Cherry Avenue near Pacific Coast Highway, the property offers convenient access to neighborhood shopping, dining, and public transportation. Its location connects residents to destinations throughout Long Beach, while separate utility metering supports direct tenant billing for individually metered services and helps limit owner-paid utility expenses. Cherry Avenue Apartments offers investors an income-producing multifamily property combining strong in-place rental income, potential rental upside, courtyard living, and a desirable unit mix. ** DO NOT DISTURB TENANTS **

Facts and features

Schools

• Whittier Elementary School

  elementary · K-5 · 0.3 mi

  5

• Polytechnic High School

  high · 9-12 · 1.0 mi

  7

• Franklin Classical Middle School

  middle · 6-8 · 1.1 mi

  4

• Huntington Academy

  elementary · K-5 · 0.3 mi

• Huntington Academy

  elementary · K-4 · 0.3 mi

• Jessie Nelson Academy

  middle · 6-8 · 0.4 mi

  3

Price history

• Oct 12, 2026 · Listed$1,373,000
• Sep 13, 2013 · Listing Removed$589,000
• Aug 30, 2013 · Price Changed$589,000
• Aug 9, 2013 · Listing Removed$609,000
• Aug 9, 2013 · Listed$615,000
• Aug 7, 2013 · Relisted$609,000
• Jul 13, 2013 · Listing Removed$609,000
• Jul 9, 2013 · Price Changed$609,000

Tax history

• 2021$8,802 tax · $668,174 assessed
• 2020$8,778 tax · $661,324 assessed
• 2019$8,677 tax · $648,358 assessed
• 2018$8,379 tax · $635,646 assessed
• 2017$8,291 tax · $623,183 assessed
• 2016$7,702 tax · $610,964 assessed
• 2015$7,401 tax · $601,788 assessed
• 2014$7,364 tax · $590,000 assessed

Home value

$1,226,000

• Collateral Analytics$1,226,000

Where it is