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315 Cherry Avenue, Long Beach, CA 90802

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For Sale

$3,145,000

6 beds • 8 baths • 6,392 sqft

Estimated Payment

$ 16,119 /mo. †

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $492.02
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Charming, turnkey, and in a prime location this is the generational asset you have been looking for! This clean and well-maintained 8-unit property consists of six 1bed/1bath units (over 900 sqft each) and two studio units with four garages. All the units are large, allow for a ton of natural light inside, have great layouts with cool original features (like French Doors, custom built-ins, fire places, etc.). Plus, the vintage character of this classic Spanish style property has been meticulously preserved, while modern amenities have been added over time like laundry units, AC/Heating units, modern kitchens, lighting, ceiling fans, etc. in each unit. The entire property is secured, has drought-resistant landscaping, and has separate electrical and gas meters for each unit. Located within Alamitos Beach, this highly sought after neighborhood of Costal Long Beach is in close proximity to the best the city has to offer local parks (Carroll & Bixby Park), local beaches (Alamitos & Junipero Beach), local restaurants (4th Street Corridor & Retro Row), local golf courses, public transportation, etc. Plus, this neighborhood is securely anchored by the thriving local economy that continues to grow within Downtown Long Beach. For the savvy investor, the potential may exist to convert the garages into two studio units and/or to add additional bedrooms/ bathrooms to the existing large 1bed units. Also, one might consider a short-term and/or mid-term rental strategy to boost the income even more. This perfect combination is what every tenant is looking for in this area, which keeps vacancy rates low and market rental rates as high as possible making this a great addition to any investors portfolio!
MLS# SB24022524

Courtesy Of Buckingham Investments, Inc.

(310) 982-7055

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Spanish
  • Cooling System
    None
  • Floor Covering
    Laminate, Vinyl, Wood
  • Rooms
    Den, Family Room, Kitchen, Living Room

Map and Directions

Directions to 315 Cherry Avenue, Long Beach, CA 90802

Home seller CENTURY 21 Union Realty Co.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Union Realty Co.

(310) 371-6330
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $16,119
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $16,119

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Burbank Elementary School

Grades KG-5 Public School

Long Beach, CA 90814 0.3 miles
501 junipero ave

656 total students
24:1 Student teacher ratio

School Rating: B-

School Details

Franklin Classical Middle School

Grades 6-8 Public School

Long Beach, CA 90802 0.6 miles
540 cerritos ave

1200 total students
25:1 Student teacher ratio

School Rating: C-

School Details

Polytechnic High School

Grades 9-12 Public School

Long Beach, CA 90813 1.5 miles
1600 atlantic ave

4002 total students
25:1 Student teacher ratio

School Rating: B-

School Details
Other Nearby Schools Distance Type Grades School Rating
St Anthony Parish School 0.8 miles Private PK-8
Mann Elementary School 0.8 miles Public KG-5 C+
St Anthony High School 0.9 miles Private 9-12
Robert Louis Stevenson Elementary School 1 miles Public KG-5 C+
Lincoln Elementary School 1 miles Public KG-5 B-
Willard Elementary School 1 miles Public KG-5 C
Huntington Academy 1.1 miles Private KG-5
Jefferson Leadership Academies 1.2 miles Public 6-8 B
Montessori On Elm 1.3 miles Private PK-4
Clear Passage Educational Center 1.3 miles Public 9-12 F
Maple Village Waldorf School 1.3 miles Private PK-8
Fremont Elementary School 1.3 miles Public KG-5 A-
John G. Whittier Elementary School 1.4 miles Public KG-5 C
Oropeza Elementary School 1.4 miles Public KG-5 C
Nieto Herrera Elementary School 1.4 miles Public KG-5 B-
Renaissance High School For The Arts 1.4 miles Public 9-12 C+
First Baptist Church School 1.5 miles Private KG-12

St Anthony Parish School

Distance: 0.8 miles

Type Private

Grades: PK-8

Mann Elementary School

Distance: 0.8 miles

Type Public

Grades: KG-5

C+

St Anthony High School

Distance: 0.9 miles

Type Private

Grades: 9-12

Robert Louis Stevenson Elementary School

Distance: 1 miles

Type Public

Grades: KG-5

C+

Lincoln Elementary School

Distance: 1 miles

Type Public

Grades: KG-5

B-

Willard Elementary School

Distance: 1 miles

Type Public

Grades: KG-5

C

Huntington Academy

Distance: 1.1 miles

Type Private

Grades: KG-5

Jefferson Leadership Academies

Distance: 1.2 miles

Type Public

Grades: 6-8

B

Montessori On Elm

Distance: 1.3 miles

Type Private

Grades: PK-4

Clear Passage Educational Center

Distance: 1.3 miles

Type Public

Grades: 9-12

F

Maple Village Waldorf School

Distance: 1.3 miles

Type Private

Grades: PK-8

Fremont Elementary School

Distance: 1.3 miles

Type Public

Grades: KG-5

A-

John G. Whittier Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-5

C

Oropeza Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-5

C

Nieto Herrera Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-5

B-

Renaissance High School For The Arts

Distance: 1.4 miles

Type Public

Grades: 9-12

C+

First Baptist Church School

Distance: 1.5 miles

Type Private

Grades: KG-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Long Beach, CA 90802

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Long Beach, CA 90802

This community’s employment is highest in the administrative support and food industries. The area’s overall household expenses are above the national average.

80° August
Hottest Average Month
46° January
Coldest Average Month
20,189 Total Households in Area
-3.9% Increase in population since the year 2010
12.3%
of households
have children
30 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Long Beach, CA 90802

Long Beach, CA 90802 has a population of 39,978 people in 20,189 households with a median age of 35.4 years old.

-3.9%
Decrease in population
since the year 2010
Population is Trending down
21,623
Total households as of 2010
0.5%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 35.4 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 38%
Hispanic 36%
Other 21%
Black 15%
Asian 9%
Native American 2%
The most prevalent ethnicity is White at 38%, followed by Hispanic at 36%, Other at 21%, and Black at 15%.

Economics
for Long Beach, CA 90802

2,630 /sq mi
Population Density
$64,019 /yr
Median Household Income
$520,000
Median Sales Price
30 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.02% of the households.

Transportation to Work

  • Drive 72%
  • Work from Home 17%
  • Walk or Bike 6%
  • Public Transit 5%

Occupancy by Type

Rented 15,943 71%
Owned 4,246 19%
Vacant 2,352 10%

White vs Blue Collar Jobs







White Collar 86%
Blue Collar 14%

Family & Education Facts
for Long Beach, CA 90802

35.4 Median Age

Average Household Size

1.9
persons per
household

17.2%

Married Households

Community Population By Education

Bachelors Degree 29%
Some College 25%
Graduate Degree 17%
High School Graduate 12%
Some High School 10%
Associates Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 29.08% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
12.3% of households have children

Weather
for Long Beach, CA 90802

The weather for this area ranges from a high of 80° F in August to a low of 46° F in January

80° August
Hottest Average Month
46° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
46°
65°
Feb
48°
66°
Mar
49°
67°
Apr
52°
69°
May
55°
71°
Jun
59°
74°
Jul
62°
78°
Aug
63°
80°
Sep
61°
79°
Oct
57°
75°
Nov
51°
71°
Dec
46°
66°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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