5503 5511 Cherry AVE, Long Beach, CA 90805
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5503 5511 Cherry AVE, Long Beach, CA 90805
5503 5511 Cherry AVE, Long Beach, CA 90805
5503 5511 Cherry AVE, Long Beach, CA 90805
5503 5511 Cherry AVE, Long Beach, CA 90805
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Tatiana Batmanian

Tatiana Batmanian

+1(818) 726-2663
$ 3,000,000
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5503 5511 Cherry AVE Long Beach, CA 90805

0.28 Acres Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26176306

HOA Y/N No

Year Built 1960

Lot Size 0.280 Acres

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Total Parking Spaces 13

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7128031002

Energy Description 3150.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Tyler Leeson Marcus & Millichap RE Invest tleeson@marcusmillichap.com, DRE #01451551
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Tatiana Batmanian

Tatiana Batmanian

Director, Estates Division | License ID: 01986103

+1(818) 726-2663

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5503 5511 Cherry AVE