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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$5,850,000

Est. payment - /mo

0.45 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Rose Park South

MLS Listing ID RS26238078

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1922

Lot Size 0.447 Acres

Property Sub-Type Apartment

Property Description

Two-parcel offering of 26 units in Long Beach: 905 and 915 Cherry Avenue, mirrored 13-unit 1922 buildings sold together as one package. Each building sits on its own parcel below the 16-unit resident-manager threshold, so no manager's unit or payroll. Unit mix is (24) one-bedrooms and (2) two-bedrooms with (12) on-site garages and on-site laundry. 17 of 26 units have been renovated, including four full 2026 renovations with white shaker cabinetry, quartz counters and stainless appliances. Upgraded electrical throughout both buildings (Buyer to verify); sections of the copper water lines and sewer lines upgraded; SB 721 inspection complete. Listed at a 6.10% cap and 10.38 GRM on current total gross income, with roughly 13% upside as units turn to the $1,845 / $2,445 rents achieved on five 2026 leases. Assumable $3.1M loan at 5.97% interest-only. Seller has conceptual plans for (6) ADUs — (3) per building — converting the rear garage banks and taking the property to 32 units (Buyer to verify). Subject to AB 1482 only; no local rent control. Walking distance to Retro Row and Rose Park, minutes to Downtown and the Space Beach employment corridor.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Garage, On Site, Paved, Uncovered

Garage Spaces 12.0

Garage Description 12.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Flat

Total Parking Spaces 24

Private Pool No

Building

Lot Description 36-40 Units/Acre, Front Yard, Lawn, Landscaped, Level, Rectangular Lot, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7267015018

Energy Description 2435.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

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Listed by Andrew McAllister eXp Realty of Greater L.A 925-683-9203, DRE #01946829

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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905 Cherry Long Beach, CA 90813

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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