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1364 Cherry Ave 4 Unit Apartment Building Offered at $1,490,423 CAD Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- 100% Vacant with ADU Potential
- New Roof (2025)
- Interior Upgrades (2025)
- 4 Single Garages
- New Windows & Paint (2025)
- In-Unit Laundry Hookups
EXECUTIVE SUMMARY
FULLY VACANT!!! Four units just 1.4 miles from the beach. The property features four oversized one bedroom, one bath units, each with in unit laundry and garage parking in the rear. The upstairs units offer private balconies, while tenants also enjoy a massive front yard that presents future development potential, including possible ADU additions and garage conversions. Buyer to verify all development potential with the City of Long Beach. Recent capital improvements include a brand new roof, all new windows, floors and fresh interior and exterior paint, all completed in 2025 and interior finishes as seen in the photos. With the property delivered 100% vacant, this property presents a rare blank canvas for an investor to renovate, reconfigure layouts if desired, and establish a tenant base of their choosing. The current status also offers a unique opportunity to position the asset to hedge against AB 1482 statewide rent control.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,490,423 CAD | Lot Size | 0.12 AC |
| Price Per Unit | $372,606 CAD | Building Size | 2,544 SF |
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1924/2025 |
| No. Units | 4 | Parking Ratio | 1.57/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | LBCNR | ||
| Price | $1,490,423 CAD |
| Price Per Unit | $372,606 CAD |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.12 AC |
| Building Size | 2,544 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2025 |
| Parking Ratio | 1.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LBCNR |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,426 CAD | 636 |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 7261-023-006 | Total Assessment | $65,402 CAD (2025) |
| Land Assessment | $35,066 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $30,336 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
7261-023-006
Land Assessment
$35,066 CAD (2025)
Improvements Assessment
$30,336 CAD (2025)
Total Assessment
$65,402 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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1364 Cherry Ave
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