1060 Cherry A & B, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Prime Income-Producing Duplex is a high-yield asset listed at $995,000—positioned below the $998,130 Fair Market Value by 0.3%. This valuation gap offers $3,130 in Instant Equity. With a Condition Rating of 3, the property features Granite Kitchens and recent cosmetic updates across two units. The 9-bedroom configuration and Superior Parking Amenities provide a massive competitive advantage in the high-demand Long Beach market near Retro Row. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1060 Cherry A & B Subject | $995,000* List Price | 0 | 0 | 2,108 | $473 | - |
A 811 Lime Avenue Active | $879,000 List Price | 0 | 0 | 2,016 | $436 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with recent cosmetic updates including new interior and exterior paint. Kitchens feature granite countertops and functional cabinetry, while the living areas have updated tile and hard surface flooring. Although built in 1918, the units show minimal wear and tear and do not require immediate renovation.
With a total of nine rooms across two units and one unit already generating $3,180 per month, this property is ideally configured for high-density rental strategies such as pad-splitting or house-hacking.
The inclusion of private garages for both units plus ample driveway space for up to four additional vehicles provides a massive competitive advantage in the parking-impacted Long Beach rental market.
Situated near Retro Row and the 4th Street Corridor, the property is just 1.5 miles from the beach and 3.5 miles from CSULB, ensuring consistently high tenant demand and long-term appreciation.
Built in 1918, the property may require significant long-term capital expenditures for aging plumbing, electrical, or structural systems that cosmetic updates like new paint cannot fully address.
The high bedroom count relative to the 2,108 total square footage results in 'smaller sized' rooms, which may limit the tenant pool to individual renters rather than families seeking spacious living areas.
Prime Income-Producing Duplex in the Heart of Long Beach. This exceptional investment opportunity in one of Southern California’s most dynamic coastal cities is centrally located in a high-rental demand market and offers the perfect blend of steady rental income, future growth, and great location. The property is comprised of 2 separate units, ideal for investors or owner-occupants. Both units have new exterior & interior paint. Each unit features its own private garage - a highly desirable amenity for tenants giving it a competitive advantage to surrounding rentals and added rental value. The Front unit is currently rented at $3180/month, providing immediate income from day one. The front unit is comprised of 5 bedrooms (smaller sized) that have recent hard surface floor updates and 2 bathrooms. The spacious living room has tiled floors that extend to the ample kitchen equipped with abundant dark-stained cabinetry, granite countertops and includes a stove with fan/hood and double well sink. There’s also a charming shaded front porch, ample driveway parking that accommodates up to 3 vehicles and comes equipped with a wall heater. The back unit is currently vacant and has 4 rooms and 2 bathrooms with tile floors and hard floor surfaces throughout. The kitchen has ample wood-stained cabinetry with granite countertops and includes a stove and fan hood. The main bathroom has a tub and shower combo with pedestal sink and 2nd bathroom has a stand-alone shower. The driveway is accessible from an alley in the back that accommodates 1 car plus a 1 car garage. There’s also a private backyard with nice avocado tree. The property is conveniently located close by to everything that makes Long Beach so desirable. Close to Retro Row for unique boutiques, cafes, and local charm. Enjoy top-rated eateries and nightlife along 4th Street Corridor and a short 1.5-mile drive to Long Beach City Beach and waterfront attractions. Outdoor Recreation includes nearby Bixby Park and conveniently located just 3.5 miles from California State University, Long Beach. The property is just steps away from the bus pick-up and local grocery store and restaurants. Don’t miss out on this great investment property with multiple possibilities for owner occupants, house-hacking and pad splitting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,108 | 2,366 | 40% |
| Lot Size | 5,597 | 5,597 | 50% |
| Price | $995.0K | $995.0K | 50% |
| Price per sq ft | $472 | $425 | 73% |
| Built year | 1918 | 1922 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 164 | 7% |
Mar 27, 2026
$995,000
Initial Listing
Feb 10, 2011
$260,000
Public Record
Feb 26, 2004
$520,000
Public Record
Sep 20, 2002
$24,500
Public Record
Mar 11, 1999
$154,000
Public Record