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Sold for $1,050,000
  • Listing Provided by: Marcus & Millichap RE Invest
    Bought with: Keller Williams Realty Downey
    $1,050,000

    833 Cherry Ave, Long Beach, CA 90813

    5beds
    4baths
    3,028sqft
    Multi Family
    Built in 1923
    -- sqft lot
    $1,111,500 Zestimate®
    $347/sqft
    $2,415 Estimated rent

    Home value

    $1,111,500

    $967,000 - $1.27M

    $2,415/mo

    Zestimate® history
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    $2,415/mo

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    $6,625/mo

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    What's special

    Two buildings
    833 Cherry Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1923, 833 Cherry Avenue offers investors the opportunity to acquire 4 well located units in one of Los Angeles County’s most desirable rental markets. The property features two buildings on a 0.15-acre parcel offering 3, one-bedroom units, 1, two-bedroom home, & 3 garage parking spaces. 833 Cherry Avenue is within walking distance of a variety of lifestyle amenities including Rose Park, the shops and restaurants of Retro Row, and Alamitos Beach. Additionally, the property is just a short commute to employers in Downtown Long Beach and adjacent employment hubs such as the South Bay and Orange County via the 710 and 405 freeways. In summary, 833 Cherry Avenue’s fantastic location offers residents access to a variety of employment, transportation, and retail amenities, all of which will attract a diverse renter pool. With rental upside and strong rental metrics, 833 Cherry Avenue represents an attractive opportunity for a new owner seeking well located units.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com,

    Marcus & Millichap RE Invest

    Bought with:

    Robert Stepp, DRE #01456379

    Keller Williams Realty Downey

    Source: CRMLS,MLS#: OC25134350MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Appliances
    • Laundry: Inside
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 3,028
    • Total interior livable area: 3,028 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 3
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: First level
    • Pool features: None
    Lot
    • Size: 6,534 sqft
    • Features: Street Level
    Details
    • Parcel number: 7267015020
    • Zoning: LBR2N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1923

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Long Beach
    • Subdivision: Other

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange

    Price history

    DateEventPrice
    10/15/2025Sold$1,050,000$347/sqft
    Source: CRMLS #OC25134350 Report a problem
    9/5/2025Pending sale$1,050,000$347/sqft
    Source: CRMLS #OC25134350 Report a problem
    7/16/2025Contingent$1,050,000$347/sqft
    Source: CRMLS #OC25134350 Report a problem
    6/16/2025Listed for sale$1,050,000$347/sqft
    Source: CRMLS #OC25134350 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,100 +4.7%$563,708 +2%
    2024$7,732 +1.8%$552,656 +2%
    2023$7,599 +6.3%$541,821 +2%
    2022$7,148 +2.3%$531,198 +2%
    2021$6,990 +0.3%$520,783 +1%
    2020$6,972 $515,444 +2%
    2019$6,972 +4.9%$505,338 +2%
    2018$6,645 $495,430 +2%
    2017$6,645 +1.1%$485,716 +2%
    2016$6,575 +7.6%$476,193 +1.5%
    2015$6,110 +4.4%$469,041 +2%
    2014$5,850 $459,854 +2.5%
    2012-- $448,800 +2%
    2011-- $440,000 +53.5%
    2007-- $286,683 +2%
    2006-- $281,063
    2005-- $281,063 +4%
    2004-- $270,151 +1.9%
    2003-- $265,200 +440%
    2002-- $49,109 +4%
    2000-- $47,204

    Find assessor info on the county website

    Neighborhood: Hellman

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,111,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,111,500