1081 Cherry Ave, Long Beach, CA 90813
Property image
Property image
SOLD
NOV 10, 2026

$1,006,800

Trulia Estimate
  • 2 Beds
  • 6 Baths
  • 2,773 sqft

1081 Cherry Ave, Long Beach, CA 90813

Hellman
Est. Refi. Payment $6,316/mo*
Refinance Your Home
Currently Off Market - Sold Nov 10, 2026 for $875,000 (17% below list price)

Home Value

Trulia Estimate
$1.01M
Since last month
Decreased$2K (-0.2%)
Since last year
Decreased$114K (-10.2%)
Since last sale
Increased$130K (+14.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -10% in the last 10 years
MonthEstimated value
2026
November 2026$1M
October 2026$1M
September 2026$1.01M
August 2026$1M
July 2026$1.02M
June 2026$1.01M
May 2026$1.06M
April 2026$1.12M

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1105 Cherry Ave, Long Beach, CA
0.03
Multi-Family Home
$880,000
04/08/26
6
3
2,059
1100 Cherry Ave, Long Beach, CA
0.04
Multi-Family Home
$1,100,000
10/07/26
9
6
4,188
1364 Cherry Ave, Long Beach, CA
0.23
Multi-Family Home
$970,000
03/04/26
4
4
2,544
1058 Dawson Ave, Long Beach, CA
0.16
Multi-Family Home
$930,000
05/08/26
6
4
2,119
905 Gardenia Ave, Long Beach, CA
0.17
Multi-Family Home
$915,000
04/02/26
4
3
2,100
1056 Junipero Ave, Long Beach, CA
0.29
Multi-Family Home
$1,050,000
04/02/26
4
4
2,130
816 Cherry Ave, Long Beach, CA
0.20
Multi-Family Home
$1,175,000
01/07/26
6
4
2,600
826 Gaviota Ave, Long Beach, CA
0.24
Multi-Family Home
$1,190,000
05/22/26
8
5
3,119
1443 E 7th St, Long Beach, CA
0.45
Multi-Family Home
$945,000
09/08/26
4
4
3,588

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1085 Cherry Ave, Long Beach, CA 90813
0.01
$1,093,900
8
4
3,078
Off Market
1075 Cherry Ave, Long Beach, CA 90813
0.01
$1,109,900
6
3
3,176
Off Market
1087 Cherry Ave, Long Beach, CA 90813
0.02
$1,034,800
8
4
3,002
Off Market
1065 Cherry Ave, Long Beach, CA 90813
0.02
$787,600
2
2
1,812
Off Market
1101 Cherry Ave #5, Long Beach, CA 90813
0.02
-
Studio
1
325
Off Market
1101 Cherry Ave #6, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #07, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave, Long Beach, CA 90813
0.02
-
Studio
1
450
Off Market
1101 Cherry Ave #12, Long Beach, CA 90813
0.02
-
Studio
1
325
Off Market
1101 Cherry Ave #14, Long Beach, CA 90813
0.02
-
Studio
1
375
Off Market
1101 Cherry Ave #1, Long Beach, CA 90813
0.02
-
Studio
1
375
Off Market
1101 Cherry Ave #4, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #9, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #06, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #01, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #02, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #2, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #04, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #03, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market
1101 Cherry Ave #15, Long Beach, CA 90813
0.02
-
Studio
1
300
Off Market

Local Information

  • Map ViewExplore the area around 1081 Cherry Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1923
2,773 sqft
$316/sqft
Open Parking

About this House

What's unique:On-site laundry facility
1081 Cherry Avenue presents investors with a rare opportunity to acquire a fully occupied, cash-flowing six-unit asset in Long Beach at a compelling 6.42% current cap rate with immediate upside on the table. Offered at $1,100,000, $183,333 per unit and $397 per square foot, this 1923 built property delivers strong in place income of $110,208 annually against a lean 33% expense ratio, producing a current NOI of $70,569 with a clear path to $92,263 at pro forma rents. The property consists of one two-bedroom one-bath unit and five studios across 2,773 square feet of building on a 6,187 square foot lot. All six units are occupied with tenants paying gas and electric, and the building features an on-site laundry facility and garage parking for the two-bedroom unit. Studios are currently averaging $1,272 per month against a market rent of $1,600, representing an 18% rental upside that a new owner can capture through natural turnover with no heavy lifting required. At pro forma rents the GRM compresses to 8.45 and the cap rate expands to 8.39%, both favorable against comparable sales in the submarket which are averaging a 6.09% cap rate and 11.06 GRM. For the value-add investor seeking strong in-place cash flow with meaningful upside ahead, 1081 Cherry Avenue delivers day-one income, a below-market rent profile with room to grow, and the kind of returns that get stronger over time as rents are pushed to market through natural turnover.
1081 Cherry Ave, Long Beach, CA 90813 is a 2 bedroom, 6 bathroom, 2,773 sqft multi-family in Hellman, built in 1923. It last sold for $875,000 on Nov 10, 2026 (17% below the $1,050,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,006,800, with a rent estimate of $2,661/month.
Contact this Building
Property Website
Last check for updates: about 6 hours ago
Listed by John 'Jack' McCann DRE # 01963932, (310) 408-0121
Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
Bought with: John 'Jack' McCann DRE # 01963932, (310) 382-1063, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
Source: CLAW, MLS#26676253

Home Details for 1081 Cherry Ave

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 6
Dimensions and Layout
Living Area: 2773 Square Feet
Heating & Cooling
Heating: WallNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall
Levels, Entrance, & Accessibility
Levels: Multi/Split

Exterior Features

Exterior Home Features
Other Structures: Other
Parking & Garage
No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 5Parking: Driveway,On Street,Shared Driveway

Property Information

Year Built
Year Built: 1923
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Property Information
Parcel Number: 7267014025

Price & Status

Price
List Price: $1,050,000Price Per Sqft: $316/sqft
Status Change & Dates
Off Market Date: Fri Aug 07 2026

Active Status

MLS Status: Sold

Location

Direction & Address
City: Long Beach

Building

Building Area
Building Area: 2773 Square Feet

Lot Information

Lot Area: 6185.52 sqft

Listing Info

Special Conditions: Standard

Miscellaneous

Mls Number: 26676253Listing Url

Price and Tax history

DateEventPrice
Nov 10, 2026
Source: CLAW #26676253
Sold
$875,000
Aug 10, 2026
Source: CLAW #26676253
Pending
$1,050,000
Jun 16, 2026
Source: CLAW #26676253
PendingToActive
$1,050,000
Jun 7, 2026
Source: CLAW #26676253
Contingent
$1,100,000
May 19, 2026
Source: CLAW #26676253
PriceChange
$1,100,000
Price decreased by 4%

Market trends in Long Beach

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$860K
$39.5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$645
$3MoM
Available listings
793
34MoM
Sourced by Trulia Market Trends

Around this home

Neighborhood Overview

Hellman
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Hellman

At least 104 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 77 % Say it's dog friendly

  • 73 % Say it's walkable to restaurants

  • 72 % Say car is needed

  • 66 % Say it's walkable to grocery stores

  • 61 % Say there's holiday spirit

  • 51 % Say yards are well-kept

  • 49 % Say kids play outside

  • 49 % Say streets are well-lit

  • 44 % Say they plan to stay for at least 5 years

  • 40 % Say there's wildlife

  • 40 % Say neighbors are friendly

  • 36 % Say it's quiet

  • 28 % Say people would walk alone at night

  • 23 % Say there are community events

  • 12 % Say parking is easy

Sourced by Trulia users. Learn more about our methodology.
  • Hairxalyssa
    "The community of people. We look out for each other and are the most part very friendly. I would recommend living here. "
    3
    Flag
  • Trulia User
    "always try and walk your dogs during the day, but if you can’t, i’d recommend walking with a friend or loved on while walking your dog. The homeless have taken over more and more, and it’s sometimes not the best feeling being alone walking at night. Or just train your dog to protect you! (:"
    1
    Flag
  • Trulia User
    "Not many events. You just have to be careful with your surroundings at all times but there’s always good people."
    1
    Flag
  • Lindali A.
    "The neighbors are very vigilant. In the middle of downtown LB, Bixby knolls and Belmont shore. Many restaurant and bar choices that are walking distance. "
    12
    Flag
  • Pbrookemummau
    "A lot of loud yippee dogs left in front yards all the time, bark constantly. Dogs who walk by often get barked at."
    0
    Flag
  • Long Beach resident
    "It has trash and debris everywhere would like to see it cleaned up a bit to make it more safe for pets and children to walk and play "
    8
    Flag
  • anonymous
    "4th st Friday’s is great with food and music. Very walkable to downtown as well to enjoy many events on Pine street. "
    5
    Flag
  • Martin M.
    "They are very loving caring and adaptable people. We all look out for each other and speak to each other gatherings get together and holidays are always a pleasure "
    3
    Flag
  • Keeekeeedeee
    "I don’t know of any events that happen, except for maybe Halloween and the non-stop fireworks, fire crackers and explosions almost all summer!!"
    1
    Flag
  • Jameiserena
    "My commute is fine. I only stay fifteen minutes away from my job. My kids go to school 3 mins from our apartment and the oldest school is 3 minutes from my job"
    0
    Flag
  • Catrina S.
    "a true mix of all types of people. But unless you have a parking space, street parking is packed and difficult to come by"
    58
    Flag
  • Wrighdk
    "There are a ton of dog owners here. From what I have witnessed, the owners pick up after their dogs.. "
    1
    Flag
  • Theoleo5622
    "friendly neighborhood, great opportunity raise your family, a lot of activities, shopping center, long beach queens marry, aquarium, shoreline, beaches and many more... "
    0
    Flag
  • Jdginpdx
    "Diversely populated, artsy, creative & community events ALL THE TIME - summer “movies on the beach” and park concert/picnics, festivals for all walks of life."
    0
    Flag
  • Maryannct6
    "I currently live here & to be real honest.. there’s always gunshots, drama & can never find parking. "
    10
    Flag
  • Ae90892
    "The diversity and the friendly easy going people that lives in this neighborhood makes it unique, all the shops and small businesses are very convenience and a key to keep my neighborhood active and fun"
    2
    Flag
  • Ecazares502
    "The vibe. People are friendly. I’m not scared to walk around. Everything is within walking distance, at least the casual stuff. Also, the beach is nearby. The parking is the only thing that sucks."
    6
    Flag

LGBTQ Local Legal Protections

© 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 2026-11-10 11:20:28 PST. 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.
Some IDX listings have been excluded from this website.

Frequently asked questions about 1081 Cherry Ave

  • What is 1081 Cherry Ave estimated to be worth?
    Trulia's estimated value for 1081 Cherry Ave in Long Beach, CA is $1,006,800.
  • What is the price history for 1081 Cherry Ave?
    1081 Cherry Ave in Long Beach, CA last sold for $875,000 in November 2026.
  • Is Long Beach a buyer's or seller's market?
    Long Beach is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Long Beach?
    The median sale price in Long Beach is $860K. That is up $39.5K from the prior month.
  • Does 1081 Cherry Ave have parking?
    Yes, 1081 Cherry Ave in Long Beach, CA has on-site parking.

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