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Listed by: Tyler Leeson (949) 419-3326 DRE #01451551 | Marcus & Millichap RE Invest (949) 419-3200
$3,000,000
Monthly Est:$14,932
3 Beds
3 Baths
9,250sqft
5503 5511 Cherry Ave, Long Beach, CA 90805
$3,000,000
$14,932/moEst:
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Apartment
Built in 1960
$-- HOA
0.28 acre lot
$324/sq.ft
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.
- Houzeo last checked: 48 minutes ago
- Listing updated: October 2, 2026 at 9:47 pm
- Source: California Regional MLS-CA | MLS#: OC26176306
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1960
HOA Fees
-
Finished Area
9,250 sqft
Lot Size
0.28 acre lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26176306
MLS Status
Active
Days on Market
57
Cumulative Days on Market
51
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Laundry Features
Common Area
Pool Features
None
Other Features
Community Features
Curbs, Gutters, Street Lights, Sidewalks
Lot Features
Street Level
Subdivision Name
Other
Price History
| Date | Event | Price |
|---|---|---|
08/12/2026 Source: | Listed for Sale | $3,000,000 $324/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 02:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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