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$3,000,000
 $16,105 est/mo Sourced by Back At You

5503 5511 Cherry Avenue,Long Beach, CA 90805

Long Beach, CA 90805

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Description

5503 - 5511 Cherry Avenue is a 17-unit multifamily investment opportunity in Long Beach, California. Constructed in 1960, the two-story, gardenstyle property features approximately 9,250 net rentable square feet on a 0.28-acre parcel. The community is arranged around a spacious central courtyard, with exterior walk-up access to the second-floor units. The property features a unit mix of 1 studio, 15 one-bed/one-bath units, and 1 two-bed/one-bath unit. Community amenities include gated access, security doors, on-site laundry, ceiling fans, a central courtyard, 12 surface parking spaces, and 1 garage space. Ownership completed approximately $85,000 in capital improvements in 2025, including a $52,000 electrical system upgrade with panel replacements and the $33,000 removal of the former swimming pool and installation of a concrete surface. These improvements strengthened the property’s electrical infrastructure while eliminating the maintenance and operating requirements associated with the former pool. 5503 - 5511 Cherry Avenue offers investors the opportunity to acquire a well-maintained multifamily asset with a predominantly one-bedroom unit mix and recently completed capital improvements.

Details

MLS #OC26176306
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1960
Days On Site20
Listing Provided ByMarcus & Millichap RE Invest | Tyler Leeson

Features

SQ Feet9,250
Garage1
Story(s)2
Units17
Building(s)3
Acreage0.28

Exterior

Lot FeaturesStreet Level

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Gutters, Street Lights, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area7 North Long Beach
Community NameOther
Listing VS Median (in Other)
Price:
$3,000,000
low | high
Med:
$2,099,000
80.033333333333% of Average
sqft:
9,250
low | high
Med:
2,174
100% of Average
$ / sqft:
$324
low | high
Med:
$966
100% of Average
On site:
20
low | high
Med:
25
80% of Average
Sourced by Back At You

Market Activity 90805

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Learn More About This Property

Gustavo Macias

Gustavo Macias

Coldwell Banker Commercial

01758792 (626) 523-1730gustavo.macias@cbcinland.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area7 North Long Beach
Community NameOther
Listing VS Median (in Other)
Price:
$3,000,000
low | high
Med:
$2,099,000
80.033333333333% of Average
sqft:
9,250
low | high
Med:
2,174
100% of Average
$ / sqft:
$324
low | high
Med:
$966
100% of Average
On site:
20
low | high
Med:
25
80% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 9:58:03 PM PDT

Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions