5503-5511 Cherry Avenue, Long Beach, CA 90805
Local realty services provided by:ERA North Orange County Real Estate
5503-5511 Cherry Avenue,Long Beach, CA 90805
$3,000,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tyler leeson
Office: marcus & millichap re invest
MLS#:OC26176306
Source:San Diego MLS via CRMLS
Price summary
- Price:$3,000,000
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 propertys 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....
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Home facts
- Listing ID #:OC26176306
- Added:1 day(s) ago
- Updated:August 14, 2026 at 02:57 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$3,000,000
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