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1364 Cherry, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1364 Cherry, Long Beach, California 90813 home-pic-0
ACTIVE$1,075,000$2,544/sqft
1364 Cherry, Long Beach, California 90813
0Bed
0Bath
2,544Sqft
5,200Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Income Property: A rare four-unit property (quadruplex) offering four oversized one-bedroom, one-bath units, providing significant rental income potential.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-09-02. The sold price is $650,000.00.

Compared to the nearby listings

Price:$1.07M vs avg $1.04M (+$37,500)50%
Size:2,544 sqft vs avg 2,568 sqft50%
Price/sqft:$423 vs avg $36458%

More Insights

Built in 1924 (102 years old).
Condition: The property, built in 1924, has undergone significant recent capital improvements completed in 2025, including a brand new roof, all new windows, and fresh interior and exterior paint. The interior features new wood-look laminate flooring and modern light fixtures (e.g., ceiling fan). While the bathroom shows dated beige tile, it appears clean and functional. The description states 'MOVE IN READY!!!' and 'interior finishes as seen in the photos,' indicating a refreshed, livable condition. Although the kitchens are not pictured, the overall recent updates to major components and cosmetics, combined with the 'move-in ready' status, place it in the 'Good' category. The 'blank canvas' remark suggests potential for further investor-driven optimization rather than immediate necessity for repairs.
Year Built
1924
Close
-
List price
$1.07M
Original List price
$1.07M
Price/Sqft
$423
HOA
-
Days on market
-
Sold On
-
MLS number
PW25276740
Home ConditionGood
Features
Deck
View-

About this home

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.

D
Daniel Gomez
Listing Agent

Price History

Date
Event
Price
09/02/25
Sold
$650,000
Condition Rating
Good
The property, built in 1924, has undergone significant recent capital improvements completed in 2025, including a brand new roof, all new windows, and fresh interior and exterior paint. The interior features new wood-look laminate flooring and modern light fixtures (e.g., ceiling fan). While the bathroom shows dated beige tile, it appears clean and functional. The description states 'MOVE IN READY!!!' and 'interior finishes as seen in the photos,' indicating a refreshed, livable condition. Although the kitchens are not pictured, the overall recent updates to major components and cosmetics, combined with the 'move-in ready' status, place it in the 'Good' category. The 'blank canvas' remark suggests potential for further investor-driven optimization rather than immediate necessity for repairs.
Pros & Cons

Pros

Multi-Unit Income Property: A rare four-unit property (quadruplex) offering four oversized one-bedroom, one-bath units, providing significant rental income potential.
Prime Location: Strategically located just 1.4 miles from the beach in Long Beach, a highly desirable area for renters.
Recent Capital Improvements: Features a brand new roof, all new windows, and fresh interior and exterior paint, all completed in 2025, significantly reducing immediate capital expenditures for a new owner.
Development Potential: Offers strong long-term upside with a massive front yard presenting future development potential, including possible ADU additions and garage conversions.
Tenant Amenities: Each unit includes in-unit laundry and garage parking, with upstairs units featuring private balconies and all tenants enjoying a large front yard, enhancing rental appeal.

Cons

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 Property: Built in 1924, the underlying infrastructure (e.g., plumbing, electrical) may be original and could require significant future investment despite recent cosmetic updates.
Further Renovation Needed for Optimization: Described as a 'blank canvas' for an investor to 'renovate, reconfigure layouts,' indicating that additional investment will likely be required to maximize rental income and property value.
Buyer Due Diligence Required: The buyer is explicitly advised to verify all development potential (ADU, garage conversions) with the City of Long Beach, placing the burden and risk of feasibility on the purchaser.
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