Listing Broker: Kirklen Investment Group
Listing Agent: Jason Kirklen
DRE #01954054: 01939655
949-942-1302
KIG presents Cherry Avenue Apartments, a four-unit multifamily investment opportunity located at 1605 Cherry Avenue in Long Beach, California. The single-story property offers a mix of two- and three-bedroom residences, complemented by two garage parking spaces. Individual exterior entrances open onto a shared landscaped courtyard featuring mature greenery and gated pedestrian access. The single-story layout provides residents with no upstairs neighbors, contributing to the property’s inviting residential setting. Situated along Cherry Avenue near Pacific Coast Highway, the property offers convenient access to neighborhood shopping, dining, and public transportation. Its location connects residents to destinations throughout Long Beach, while separate utility metering supports direct tenant billing for individually metered services and helps limit owner-paid utility expenses. Cherry Avenue Apartments offers investors a small multifamily property combining courtyard living, a varied
unit mix, garage parking, and convenient access to local amenities.
**DO NOT DISTURB TENANTS**
| Listing Id: | OC26221690 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Lot Size Acres: | 0.1674 |
| Waterfront?: | No |
| Year Built: | 1949 |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Common Walls: | TwoCommonWallsOrMore |
| Electric Expense: | $707 |
| Entry Level: | 1 |
| Fuel Expense: | 1056.0 |
| Garage?: | Yes |
| Gross Scheduled Income: | $100,800 |
| Listing Contract Date: | 2026-10-06 |
| Lot Features: | SixToTenUnitsAcre |
| Lot Size Area: | 7292.0 |
| Lot Size Source: | Assessor |
| Net Operating Income: | $58,628 |
| Number Of Separate Electric Meters: | 5 |
| Number Of Separate Water Meters: | 1 |
| Property Attached?: | Yes |
| State Or Province: | CA |
| Tenant Pays: | Electricity, Gas |
| Trash Expense: | $1,916 |
| Vacancy Allowance Rate: | 3.0 |
| Water Source: | Public |
| Property Sub Type Additional: | Quadruplex |
| Country Subdivision: | 06037 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06037:7261008018 |
| List Price: | $1,373,000 |
|---|---|
| Property Sub Type: | Quadruplex |
| Lot Size Square Feet: | 7,292.0 |
| City: | Long Beach |
| County Or Parish: | Los Angeles |
| Postal Code: | 90813 |
| Number Of Units Total: | 4 |
| Building Area Total: | 3456.0 |
| Common Interest: | None |
| Community Features: | Curbs, Gutters, StormDrains, StreetLights, Sidewalks |
| Directions: | Cherry Avenue and PCH |
| Elevation Units: | Feet |
| Entry Location: | side |
| Garage Spaces: | 2.0 |
| Gross Income: | $100,800 |
| Insurance Expense: | $4,433 |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightWithException |
| Listing Terms: | Cash, CashToNewLoan, Exchange1031 |
| Lot Size Acres: | 0.1674 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | 699 - Not Defined |
| Number Of Buildings: | 1 |
| Number Of Separate Gas Meters: | 5 |
| Operating Expense: | $39,148 |
| Original List Price: | $1,373,000 |
| Parcel Number: | 7261008018 |
| Parking Total: | 2 |
| Pool Features: | None |
| Postal City: | LONG BEACH |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 1 |
| Vacancy Allowance: | 3024 |
| Water Sewer Expense: | $2,102 |
| Year Built Source: | Assessor |
| Current Price: | $1,373,000.00 |
| Record Signature: | 2,071,654,920 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 13, 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.
California Regional Multiple Listing Service, Inc. data last updated on October 13, 2026 01:28 AM - PT
Property Last Updated: October 13, 2026 01:28 AM - PT
