905 Cherry, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
905 Cherry,Long Beach, CA 90813
$5,850,000
  • - Beds
  • - Baths
  • 15,328 sq. ft.
  • Multi-family
  • Active
Listed by: andrew mcallister
Office: exp realty of greater l.a888-652-1314
MLS#:RS26238078
Source:CRMLS

Price summary

  • Price:$5,850,000
  • Price per sq. ft.:$381.65

About this home

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 manager’s 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...

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Home facts

  • Year built:1922
  • Subdivision & Development:Rose Park South
  • Listing ID #:RS26238078
  • Added:7 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Living area:15,328 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Flat
  • Year built:1922
  • Building area:15,328 sq. ft.
  • Lot area:0.45 Acres
  • Lot Features:Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Street Level
  • Construction Materials:Frame, Stucco
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$5,850,000
  • Price per sq. ft.:$381.65

Parking

  • Total parking spaces:24
  • Parking description:Assigned, Garage, On Site, Paved, Uncovered
  • Garage:Yes
  • Garage spaces:12
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