Active
5531 Cherry Avenue
Long Beach CA, 90805
$2,500,000
$292.60 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
December 10, 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
Days on Market
81
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/10/2024 | Price change | $2,500,000 -17% |
Listing Contact: 888-832-7179
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/10/2024. 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.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/10/2024 at 6:06 PM UTC