1364 Cherry Avenue

Long Beach CA 90813

5200 sq. ft.

Multi-Family

Last sold for $970,000

Daniel Gomez, last sold this property on 04 March 2026 after 70 days on market.

Overview

MOVE IN READY!!! Four units just 1.4 miles from the beach. This rare four unit property offers immediate move in readiness with strong long term upside. The property features four oversized one bedroom, one bath units, each with in unit laundry and garage parking in the rear. The upstairs units offer private balconies, while tenants also enjoy a massive front yard that presents future development potential, including possible ADU additions and garage conversions. Buyer to verify all development potential with the City of Long Beach. Recent capital improvements include a brand new roof, all new windows, and fresh interior and exterior paint, all completed in 2025 and interior finishes as seen in the photos. With the property delivered in its CURRENT CONDITION (See remarks), this property presents a rare blank canvas for an investor to renovate, reconfigure layouts if desired, and establish a tenant base of their choosing. The current status also offers a unique opportunity to position the asset to hedge against AB 1482 statewide rent control.

Features

1 bedroom

1 bathroom

5200 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 1 bedroom multi families sold in Long Beach over the last 12 months, the estimated median property value of 1364 Cherry Avenue is $1.07m.

Median value

$1.07m

Estimated value range

$650k - $1.63m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Long Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1364 Cherry Avenue

2026

Sold

$970,000

04 Mar 2026 by Daniel Gomez, of Younglewin Advisors, Inc.

2025

Sold

$650,000

02 Sep 2025 by Kevin Kott, of Paul Kott Realtors Inc

Happy sellers in Long Beach

We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.