816 Cherry, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE UNDER CONTRACT$1,195,000
816 Cherry, Long Beach, California 90813
0Bed
0Bath
2,600Sqft
6,731Lot
Year Built
1939
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
SB25247575
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(92th), sqft - 2600(69th), beds - undefined(50th), baths - undefined(50th).
Great opportunity to own this well-located 4-plex. The property is a short bike ride to the ocean, a stroll to 4th Street's 'Retro Row', and steps to restaurants, stores, gyms, markets, transportation, and more. The property includes two two-bedroom units and two one-bedroom units. The area is in high demand for parking, and the property has four single garages. Rents are good, but still have upside. Excellent opportunity to begin your portfolio or for owner-occupiers.
Price History
Date
Event
Price
11/12/25
Price Change
$1,195,000-4.4%
10/30/25
Listing
$1,250,000
02/05/15
Sold
$552,000
06/30/06
Sold
$750,000
05/23/03
Sold
$436,000
09/06/02
Sold
$300,000
Condition Rating
Fair
The property was built in 1939, making it quite old. While the exterior appears maintained with updated vinyl windows, there are no images of the kitchens or bathrooms, which are critical for assessing condition. Given the age and the nature of a 4-plex, it's highly probable that these areas are functional but dated, showing signs of being outdated and likely requiring minor updates or cosmetic renovations to enhance appeal and maximize rental potential, as suggested by the listing's 'rents have upside' comment. The visible interior (closet) shows basic, functional finishes. This aligns with the 'Fair' category, indicating an aged but maintained property that would benefit from updates.
Pros & Cons
Pros
Income-Generating Quadruplex: This property is a 4-plex, providing immediate multiple streams of rental income, making it an attractive investment opportunity.
Prime Urban Location: Strategically located within a short bike ride to the ocean, a stroll to 'Retro Row', and steps from restaurants, stores, gyms, and transportation, ensuring high tenant demand.
Dedicated Parking Availability: The inclusion of four single garages is a significant advantage in an urban area where parking is often in high demand, adding value for tenants.
Rental Upside Potential: The description explicitly states that rents are good but still have upside, indicating potential for increased cash flow and return on investment.
Versatile Investment Opportunity: Appeals to a broad range of buyers, from those looking to start their investment portfolio to owner-occupiers seeking to live in one unit and rent out the others.
Cons
Property Age: Built in 1939, the property is older, which may lead to higher maintenance costs and potential needs for system upgrades or renovations.
Recent Price Reduction: The listing price was recently reduced from $1.25M to $1.195M, which could suggest initial overpricing or challenges in attracting buyers at the higher price point.
Potential for Deferred Maintenance/Upgrades: Given its age and status as an income property, there's a likelihood of requiring future capital expenditures for renovations or system modernizations to maximize rental potential and tenant satisfaction.