905 Cherry, Long Beach, CA — listing photo 1
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FOR SALENew Listing

905 Cherry

Long Beach, CA 90813
19,492 Lot Sq Ft
Built 1922
$5,850,000

Property Overview

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 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.

Home Details

Property type
Residential Income - Apartment
Year built
1922
Lot size
19,492 sq ft
Parking
24 spaces
Garage
12 spaces
Stories
2
Days on market
0
MLS status
Active

Features & Amenities

Parking

  • Assigned
  • Garage
  • On Site
  • Paved
  • Uncovered

Pool

  • None

Lot

  • Thirty Six To Forty Units Acre
  • Front Yard
  • Lawn
  • Landscaped
  • Level
  • Rectangular Lot
  • Street Level

Community, Schools & Utilities

Community

Subdivision
Rose Park South

Utilities

Heating
WallFurnace
Cooling
None
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

905 Cherry

Long Beach, CA 90813

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Frequently Asked Questions About 905 Cherry

Property type: Residential Income

The current asking price is $5,850,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 905 Cherry. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1922. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Andrew McAllister
MLS ID: RSMCALAND

Available property

$5,850,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.