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Listed by eXp Realty of Greater L.A, Andrew McAllister, Listing Contact: 925-683-9203 
3 Beds
2 Baths

$5,850,000

905 Cherry, Long Beach CA, 90813

Price per sqftN/A
Property typeMulti-family

Overview

Active

Listed Nov 5, 2026

Updated 4 days ago

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 managers 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.

$38,920/mo

Est. mortgage payment based on a $5,850,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
RS26238078

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.45 Acres

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Data last updated 4:15 AM UTC, 11/6/2026

   

 

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