1364 Cherry, Long Beach, California 90813, Long Beach, 90813 - bed, bath
1364 Cherry
Long Beach, California 90813
Property Price
SUMMARY
Analysis of 1364 Cherry, Long Beach, California 90813 is currently available with a list price of $1,010,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1924, has received significant recent capital improvements in 2025, including a new roof, new windows, and fresh interior/exterior paint, making it 'move-in ready' from a structural and cosmetic standpoint. However, the interior finishes, particularly the kitchen (older painted cabinets, basic laminate counters, no visible appliances) and bathroom (dated beige tile, basic vanity), appear to be from an older renovation or original components that have been maintained. While functional and clean, these areas show signs of being outdated and would require further updates to meet current quality standards and maximize rental potential, as suggested by the listing's 'blank canvas' remark. The presence of wall heaters and potential underlying infrastructure issues due to the age of the building also contribute to a 'Fair' assessment, indicating it requires minor updates for modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Quadruplex with Desirable Amenities
This property features four oversized 1-bedroom, 1-bath units, each equipped with in-unit laundry and garage parking, providing strong rental income potential and high tenant appeal. Upstairs units also offer private balconies.
- Extensive Recent Capital Improvements
Significant upgrades completed in 2025, including a brand new roof, all new windows, and fresh interior and exterior paint, substantially reduce immediate capital expenditures and enhance the property's overall condition and appeal.
- Significant Value-Add & Development Potential
The massive front yard presents clear opportunities for future development, such as ADU additions and garage conversions, promising substantial future income growth and property appreciation.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-09-02. The sold price is $650,000.00.
- Age of Structure
Built in 1924, the property is nearly a century old. While recent cosmetic updates are noted, potential underlying infrastructure issues (e.g., plumbing, electrical systems) may exist and require future attention.
- Implied Further Investment for Optimization
Despite being 'MOVE IN READY' with recent capital improvements, the description also refers to it as a 'blank canvas for an investor to renovate, reconfigure layouts if desired,' suggesting additional investment may be needed to fully optimize units for modern tenants or maximize rental income.
About 1364 Cherry
MOVE IN READY!!! Four units just 1.4 miles from the beach. This rare four unit property offers immediate move in readiness with strong long term upside. 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, and fresh interior and exterior paint, all completed in 2025 and interior finishes as seen in the photos. With the property delivered in its CURRENT CONDITION (See remarks), 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1924
- Lot Size
- 5,200 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,544 | 2,544 | 50% |
| Lot Size | 5,200 | 5,001 | 53% |
| Price | $1.01M | $1.01M | 50% |
| Price per sq ft | $397 | $374 | 53% |
| Built year | 1924 | 1922 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 73 | 138 | 20% |
Pricing History
Listed for Sale
Feb 6, 2026
$1,010,000
$1,075,000
-6% Price Drop
Initial Listing
Price Change
Dec 23, 2025
$1,075,000
Initial Listing
Sold
Sep 2, 2025
$650,000
Public Record