5503 5511 Cherry Avenue, Long Beach, CA 90805

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
5503 5511 Cherry Avenue,Long Beach, CA 90805
$2,850,000
  • - Beds
  • - Baths
  • 9,250 sq. ft.
  • Multi-family
  • Pending
Listed by: tyler leeson
Office: marcus & millichap re invest949-419-3200
MLS#:OC26176306
Source:CRMLS

Price summary

  • Price:$2,850,000
  • Price per sq. ft.:$308.11

About this home

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...

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Home facts

  • Year built:1960
  • Subdivision & Development:Other
  • Listing ID #:OC26176306
  • Added:91 day(s) ago
  • Updated:November 12, 2026 at 09:17 AM

Rooms and interior

  • Living area:9,250 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:9,250 sq. ft.
  • Lot area:0.28 Acres
  • Lot Features:Street Level
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,850,000
  • Price per sq. ft.:$308.11

Parking

  • Total parking spaces:13
  • Garage:Yes
  • Garage spaces:1
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