About this home

Two-parcel offering of 26 units in Long Beach: 905 and 915 Cherry Avenue, mirrored 13-unit 1922 buildings sold together as one package. Each building sits on its own parcel below the 16-unit resident-manager threshold, so no manager's unit or payroll. Unit mix is (24) one-bedrooms and (2) two-bedrooms with (12) on-site garages and on-site laundry. 17 of 26 units have been renovated, including four full 2026 renovations with white shaker cabinetry, quartz counters and stainless appliances. Upgraded electrical throughout both buildings (Buyer to verify); sections of the copper water lines and sewer lines upgraded; SB 721 inspection complete. Listed at a 6.10% cap and 10.38 GRM on current total gross income, with roughly 13% upside as units turn to the $1,845 / $2,445 rents achieved on five 2026 leases. Assumable $3.1M loan at 5.97% interest-only. Seller has conceptual plans for (6) ADUs - (3) per building - converting the rear garage banks and taking the property to 32 units (Buyer to verify). Subject to AB 1482 only; no local rent control. Walking distance to Retro Row and Rose Park, minutes to Downtown and the Space Beach employment corridor.

Facts and features

Schools

• Burbank Elementary School

  elementary · K-5 · 0.4 mi

  7

• Franklin Classical Middle School

  middle · 6-8 · 0.6 mi

  4

• Polytechnic High School

  high · 9-12 · 1.1 mi

  7

• City Christian School

  elementary · K-6 · 0.3 mi

• Carousel School

  elementary · K-5 · 0.5 mi

• Huntington Academy

  elementary · K-5 · 0.5 mi

Price history

• Nov 5, 2026 · Listed$5,850,000
• Oct 16, 2025 · Sold$4,300,000
• Jan 2, 2002 · Sold$1,700,000

Tax history

• 2025$19,549 tax · $2,150,000 assessed
• 2024$18,661 tax · $1,332,417 assessed
• 2023$18,326 tax · $1,280,680 assessed
• 2022$17,240 tax · $1,255,569 assessed
• 2021$16,843 tax · $1,230,951 assessed
• 2020$16,799 tax · $1,218,330 assessed
• 2019$16,603 tax · $1,194,442 assessed
• 2018$16,087 tax · $1,171,022 assessed

Where it is