For Sale
905 Cherry
Long Beach, CA 90813
$5,850,000
Listed by Andrew McAllister, eXp Realty of Greater L.A, Listing Broker
Listing broker contact: 925-683-9203
Advertised by Kyle Shutts, Arbor Real Estate (Advertising Broker), DRE# 02060736
About This Property
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.
Property Details
Price History
| Date | Event | Price |
|---|---|---|
| Nov 5, 2026 | Listed for sale | $5,850,000 |
| Oct 15, 2025 | SoldListed by Tyler Leeson, Marcus & Millichap RE Invest | $4,300,000 |
| Jun 16, 2025 | Listed for sale | $4,700,000 |
From this listing and earlier sales of the home recorded in CRMLS. Not a complete public-records history.
Location
Inquiries submitted through this site are answered by Kyle Shutts of Arbor Real Estate, the advertising broker, not the listing agent. Listing data provided by CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Square footage, lot size, and other details are approximate. This listing is subject to prior sale, change, or withdrawal without notice. Last updated .
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Meet Kyle
Kyle Shutts
Real Estate Professional
Whether you’re buying your first home, upgrading, or selling a high-value property, my goal is simple: to protect your interests, maximize your outcome, and make the experience as smooth and stress-free as possible.
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