1036 Cherry Ave
Long Beach, CA 90813
East Side
10 Beds
8 Baths
4,722 sqft
10 Beds
8 Baths
4,722 sqft
Local Information
© Google
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Description
Huge ~250k Price Reduction! 8 Renovated Non-Rent Controlled units cash flowing at an amazing Current Cap Rate of 6.75% from day 1! Excellent unit mix of 1 (3bed/1bath) unit and 7 (1bed/1bath) units including 2 brand-new attached ADUs. Several units boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, and more. Individually metered for gas, electricity, and tenants pay their own trash, further minimizing the operating expenses. Non-LA-City rent controlled asset allowing significant 8% annual rent increases (5%+CPI) for future upside. Prime North Long Beach location minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
Home Highlights
Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$500
Listed
15 days ago
Home Details for 1036 Cherry Ave
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Beds & Baths Number of Bedrooms: 10Number of Bathrooms: 8 |
Dimensions and Layout Living Area: 4722 Square Feet |
Heating & Cooling Heating: WallHas CoolingAir Conditioning: Ceiling Fan(s)Has HeatingHeating Fuel: Wall |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Other Structures: None |
Parking & Garage No CarportNo GarageNo Attached GarageParking: None |
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Days on Market: 15 |
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Year Built Year Built: 1921 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Traditional |
Property Information Condition: Updated/Remodeled |
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Price List Price: $2,360,000Price Per Sqft: $500 |
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MLS Status: Active |
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Direction & Address City: Long Beach |
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Listing Agent Listing ID: 26792189 |
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Building Area Building Area: 4722 Square Feet |
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Lot Area: 5845.752 sqft |
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Special Conditions: Standard |
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Mls Number: 26792189 |
Last check for updates: about 23 hours ago
Listing courtesy of Armin Soleimani DRE # 01846872, (310) 666-2246
Global Platinum Properties, Inc., (424) 394-1030
Julio Ruiz DRE # 01911261, (818) 524-0706
Global Platinum Properties, Inc., (424) 394-1030
Source: CLAW, MLS#26792189
Also Listed on CRMLS.
Price History for 1036 Cherry Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/23/2026 | $2,360,000 | Listed For Sale | CLAW #26792189 |
| 04/22/2026 | $2,360,000 | ListingRemoved | CLAW #26657279 |
| 03/25/2026 | $2,360,000 | PriceChange | CLAW #26657279 |
| 03/14/2026 | $1,795 | ListingRemoved | Zillow Rentals |
| 02/26/2026 | $2,475,000 | Listed For Sale | CLAW #26657279 |
| 02/26/2026 | $2,475,000 | ListingRemoved | CLAW #25628703 |
| 02/01/2026 | $1,795 | Listed For Rent | Zillow Rentals |
| 01/31/2026 | $1,795 | ListingRemoved | Zillow Rentals |
| 01/29/2026 | $1,795 | Listed For Rent | Zillow Rentals |
| 01/28/2026 | $1,800 | ListingRemoved | Zillow Rentals |
| 01/26/2026 | $2,475,000 | PriceChange | CLAW #25628703 |
| 01/22/2026 | $1,800 | Listed For Rent | Zillow Rentals |
| 01/21/2026 | $1,800 | ListingRemoved | Zillow Rentals |
| 01/08/2026 | $1,800 | Listed For Rent | Zillow Rentals |
| 12/15/2025 | $2,595,000 | Listed For Sale | CLAW #25628703 |
| 12/09/2024 | $1,100,000 | Sold | N/A |
| 11/01/1995 | $130,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $18,968 |
| Assessment | $1,374,000 |
Home facts updated by county records
Comparable Sales for 1036 Cherry Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Multi-Family Home | $1,650,000 | 06/04/25 | 9 | 6 | 3,940 | |
0.27 | Multi-Family Home | $1,425,000 | 05/27/25 | 11 | 7 | 3,510 | |
0.12 | Multi-Family Home | $1,250,000 | 10/15/25 | 5 | 6 | 3,311 | |
0.46 | Multi-Family Home | $1,625,000 | 08/29/25 | 9 | 8 | 4,405 | |
0.32 | Multi-Family Home | $1,525,000 | 06/30/25 | 16 | 10 | 5,406 | |
0.13 | Multi-Family Home | $1,050,000 | 10/15/25 | 5 | 4 | 3,028 | |
0.14 | Multi-Family Home | $1,175,000 | 01/07/26 | 6 | 4 | 2,600 | |
0.28 | Multi-Family Home | $2,240,000 | 06/16/25 | 16 | 8 | 5,848 | |
0.54 | Multi-Family Home | $1,392,000 | 11/07/25 | 8 | 7 | 4,800 | |
0.60 | Multi-Family Home | $1,575,000 | 06/18/25 | 10 | 7 | 4,122 |
Assigned Schools
These are the assigned schools for 1036 Cherry Ave.
- Jefferson Leadership Academies School
- 6-8
- Public
- 1004 Students
7/10GreatSchools RatingParent Rating AverageThis school has repeatedly left gates open with no adult staff around leaving the possibility for children to wander off or strangers to wander in. Teachers say bad words to the kids. The front desk is terrible at answering the phone and calling back when you leave a message. There is constant fights that the staff don't stop. There are kids constantly hitting other kids and they are allowed to stay in class. I would not go here if the district actually gave a choice. It's a terrible school with terrible staff. Do not go here.Parent Review2y ago - Willard Elementary School
- K-5
- Public
- 534 Students
3/10GreatSchools RatingParent Rating AverageOverall, I would definitely say that this school has changed for the better. I have had two children go through this school and I have seen the positive growth.I have been on fieldtrips, sat in classrooms, and volunteered many times at this school. I have seen the kids be completely disrespectful to staff, and at times, my child has been disrespectful. I think we need to not put ALL of the responsibility on the teachers. Parents should TRAIN their children, so that teachers are able to TEACH them the skills they need to successfully complete their grade and move on to the next.Parent Review6y ago - Wilson High School
- 9-12
- Public
- 3349 Students
6/10GreatSchools RatingParent Rating AverageTaught here for a number of years. Moved my own kids to Orange County because I didn't want them attending here. The administration was just horrible. The whole district is more worried about their reputation, looking good and garnering awards from no name organizations. The administration will post rules and policies but are no where to be found enforcing them. Long Beach does not seem to get rid of bad principals either. Instead they just shuffle them around to other sites. A colleague of mine called this the "dance of the lemons."Teacher Review1y ago 
Check out schools near 1036 Cherry Ave.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about East Side
At least 241 Trulia users voted on each feature.
95 % Say there are sidewalks
93 % Say it's dog friendly
81 % Say it's walkable to restaurants
74 % Say car is needed
72 % Say it's walkable to grocery stores
65 % Say streets are well-lit
57 % Say there's holiday spirit
54 % Say people would walk alone at night
52 % Say neighbors are friendly
52 % Say yards are well-kept
50 % Say they plan to stay for at least 5 years
49 % Say kids play outside
48 % Say there's wildlife
38 % Say it's quiet
30 % Say parking is easy
18 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Armin Soleimani, Global Platinum Properties, Inc., (424) 394-1030
Agent Phone: (310) 666-2246
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-05-08 00:16:53 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.