1101 Cherry Ave , Long Beach, CA 90813
$2,825,000
Est. Payment: $14,214.95/mo
0 Bed
1 Bath
4508 Sqft
Status: active | Days on site: 518
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Wow, this Spanish beauty is an absolute bread and butter property in the heart of Long Beach! Most every unit has been remodeled and updated. All units are vintage studios with either Juliet balconies on the 2nd floor or rear doors to a walk way for the lower units. Painted with designer colors, laminate flooring, vintage cabinets and all stoves and refrigerators are seller owned. There is an on-site coin operated laundry room with 2 washers and 2 dryers which adds to the already lucrative income on this property. The exterior has been fully repainted, the roof has a white Elasta-Coasting with a five year warranty to help reduce the heat on the upper apartments. The main exterior panel has had an impressive and massive upgrade. There is a small basement which will show the updates to the foundation and supports of the property. There is a cute slate rear courtyard for the tenants to utilize and also allows access to the rear dead end alley. This is a great property with tremendous opportunity for growth!

Highlights

Listed by Shawn Mohler , 562-505-7953 The Mohler Real Estate Group , 562-505-7953. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1923

County

Los Angeles

Area

9 - Poly High

Listing ID

PW25007491

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:1
  • Full Bathrooms:
Appliances:Gas Oven, Refrigerator, Dryer, Washer
Floor:Vinyl
Other:Public

Exterior Features

Lot:16-20 Units/Acre,Zero Lot Line,No Land Lease
Garage Capacity:0
Zoning:LBR2N
Roof:Flat Tile
Others:Stucco,2+ Total Units
Sewer:Public Sewer
Principal Interest
$14,215
Taxes
$1,801

Home Price

$2,825,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$565,000
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Monthly Price:
$14,214.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,214.95 $1,800.94 $0.00 $16,015.89
Yearly $170,579.44 $21,611.25 $0.00 $192,190.69
Total $5,117,383.22 $648,337.50 $0.00 $5,765,720.72

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-09T00:36:01.000Z

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