5531 Cherry Avenue, Long Beach CA, 90805

Active

5531 Cherry Avenue

Long Beach CA, 90805

$2,999,999

$351.12 per sqft

Active

8,544 sqft

Commercial

Built in 1950

Listed by Gay-lynn Chavez with eXp Realty of California Inc. 562-858-7065

Welcome to an exceptional investment opportunity presented by LCC Invest Group - 5519/5531 Cherry
Ave, nestled in the heart of Long Beach. This unique offering comprises two parcels, boasting a substantial 8,544 sq ft building
on an expansive 18,602 sq ft lot. What truly sets this property apart is the thriving auto business it houses, complete with
active contracts with the City of Long Beach. The automotive facility is equipped to meet the demands of the industry,
featuring 2 heavy-duty outdoor lifts, 11 indoor lifts, 16 bays, a paint booth with a vent system, an alignment machine, a
custom exhaust pipe bender, diagnostics machinery, and auto air conditioner repair equipment. Security and convenience are
paramount on this gated property, which can comfortably accommodate around 40 vehicles. With its impressive features and
prime location, this property is primed for a new owner-operator to take the reins. The real estate portion of this offering is
valued at $3,500,000, while the thriving business is priced at $1,500,000. Don't miss out on this remarkable investment
opportunity in Long Beach.

DW24195774

MLSⓇ ID

September 19, 2024

Listed

October 17, 2024

Updated

Map

5531 Cherry Avenue
Long Beach CA, 90805

Interior Features

Total Stories: 1
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.43 Acres
Lot Features: 0-1 Unit/Acre

Other Property Details

Area Name: 7 - North Long Beach
Garage: No
View: No
County: Los Angeles
Water Source: Public
Pool: No

Listing Contact: 888-832-7179

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/17/2024 at 10:04 AM UTC