1101 Cherry Ave, Long Beach, CA, 90813
About This Home
Wow, this Spanish beauty is an absolute bread and butter property in the heart of Long Beach! Most every unit has been remodeled and updated. All units are vintage studios with either Juliet balconies on the 2nd floor or rear doors to a walk way for the lower units. Painted with designer colors, laminate flooring, vintage cabinets and all stoves and refrigerators are seller owned. There is an on-site coin operated laundry room with 2 washers and 2 dryers which adds to the already lucrative income on this property. The exterior has been fully repainted, the roof has a white Elasta-Coasting with a five year warranty to help reduce the heat on the upper apartments. The main exterior panel has had an impressive and massive upgrade. There is a small basement which will show the updates to the foundation and supports of the property. There is a cute slate rear courtyard for the tenants to utilize and also allows access to the rear dead end alley. This is a great property with tremendous opportunity for growth!
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Roof: Flat Tile
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Oven,Refrigerator,Dryer,Washer
- Laundry features: Common Area,Gas Dryer Hookup
Bedrooms & Bathrooms
- Bathrooms: 16
Features
- Flooring: Vinyl
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 4,508
- Total interior livable area: 4,508 sqft
Property
Details
- Parcel number: 7261031026
- Attached to another structure: Yes
- Zoning: LBR2N
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Fencing: Wood
Lot
- Lot size: 3,961 sqft
- Features: 16-20 Units/Acre,Zero Lot Line
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,284 | $171,408 |
| Home Insurance * | $549 | $6,588 |
| Property Taxes | $1,577 | $18,924 |
| Electricity | $966 | $11,600 |
| Total | $17,376 | $208,512 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-05 | Price change | $2,925,000 |
| 2025-11-17 | Price change | $2,945,000 |
| 2025-10-29 | Price change | $2,995,000 |
| 2025-08-05 | Price change | $3,145,000 |
| 2025-03-17 | Price change | $3,175,000 |
| 2025-01-17 | Listed for sale | $3,199,000 |
| 2024-11-23 | Listing removed | $1,450 |
| 2024-10-15 | Price change | $1,450 |
| 2024-10-10 | Listed for rent | $1,475 |
| 2024-09-11 | Listing removed | $1,475 |
| 2024-09-02 | Price change | $1,475 |
| 2024-08-23 | Price change | $1,495 |
| 2024-08-17 | Listed for rent | $1,525 |
| 2024-07-13 | Listing removed | -- |
| 2024-07-08 | Listed for rent | $1,475 |
| 2024-06-08 | Listing removed | -- |
| 2024-04-25 | Price change | $1,400 |
| 2024-04-22 | Price change | $1,425 |
| 2024-03-26 | Price change | $1,475 |
| 2024-03-21 | Price change | $1,500 |
| 2024-03-18 | Listed for rent | $1,525 |
| 2023-02-21 | Listing removed | -- |
| 2023-02-09 | Price change | $1,475 |
| 2023-01-10 | Price change | $1,450 |
| 2022-12-20 | Listed for rent | $1,475 |
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