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Sold on 10/15/2025
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905 Cherry Ave, Long Beach, CA 90813

$4,300,000

Last sold 10/15/2025 after 121 Days

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    bed

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    bath

Multi-family not for sale
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About 905 Cherry Ave

Property type Multi-family
Neighborhood
Year built 1922
HOA fee $0/month
Lot size 0.45 Acre
Parking 15 garage spaces
Rental estimate
Property description
905 & 915 Cherry Avenue is a 2-property, 26-unit multifamily portfolio located in Long Beach, California. Built in 1922, 905 & 915 Cherry Avenue offers investors an opportunity to acquire a sizable footprint in one of Los Angeles County’s most desirable rental markets. 905 & 915 Cherry Avenue features an attractive mix of one and two-bedroom floor plans with desirable property amenities including surface and garage parking, and on-site laundry facilities. The portfolio is within walking distance of a variety of lifestyle amenities including Rose Park, the shops and restaurants of Retro Row, and Alamitos Beach. Additionally, the portfolio is just a short commute to employers in Downtown Long Beach and adjacent employment hubs such as the South Bay and Orange County via the 710 and 405 freeways. In summary, 905 & 915 Cherry Avenue’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With rental upside and strong rental metrics, 905 & 915 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.
Listed by
Listing Agent - Tyler Leeson
Listing Agent Contact: Tleeson@marcusmillichap.com
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC25134383 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.45
Lot Size (SqFt) 19602
Year Built 1922
Interior
Laundry Community
Exterior
Building Area Square Feet, 15328
# Parking Spaces 15
# Garage Spaces 15
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks
Subdivision Other, Other (OTHR)
Zoning LBR2N
Directions Cross Streets Of Cherry Avenue & 10th Street
APN 7267015017
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 15534
Expense: Trash 6020
Operating Expense 194353
Cap Rate 7.02
Expense: Insurance 26000
Total Expenses 194353
Expense: Maintenance 23400
Expense: Water/ Sewer 6022
Gross Income 522497
Gross Operating Income 502266
Expense: Electric 6020
Gross Multiplier 8.52
Gross Scheduled Income 517800
Expense: Fuel 6020
Rental est.: $1,353/month
Gross rent multiplier: 264.8
  • Oct 2025
    mls logo MLS # OC25134383
  • Oct 16, 2025 Sold
    $4,300,000
  • Aug 19, 2025 Pending
    —
  • Jul 16, 2025 Active
    —
  • Jul 1, 2025 Price Change
    $4,450,000 (-5.3%)
  • Jun 16, 2025 Listed
    $4,700,000 (+1493.2%)
  • Oct 2025
    Public Records
  • Oct 16, 2025 Sold
    $4,300,000 (-3.4%)
  • Aug 2010
    Public Records
  • Aug 24, 2010 Sold
    $295,002 (-82.6%)
  • Jan 2002
    Public Records
  • Jan 2, 2002 Sold
    $1,700,000
  • Year Property taxes Tax assessment
  • 2024
    $18,662 +1.8%
    $1,309,712
  • 2023
    $18,326 +6.3%
    $1,309,712 +1.99%
  • 2022
    $17,241 +2.4%
    $1,284,100 +4.03%
  • 2021
    $16,844 +0.3%
    $1,234,371
  • 2020
    $16,800
    $1,234,371
  • 905 Cherry Ave
    $4.3M
  • Hellman
    $465K -38% y/y
  • 90813
    $579K +11% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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8/10
Burbank Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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