5503 5511 Cherry Avenue
Long Beach, CA 90805
3
Bed
3
Bath
0.28Acre(Lot)
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 swim
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1960Building Area Total: 9250Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 0.28 Lot Size Acres: 0.28 Lot Size Source: Assessor Lot Size Square Feet: 12,197 Lot Description: StreetLevelProperty Information
Subdivision: Other Source Property Type: ResidentialIncome Property SubType: Apartment Levels: Two Property Age: 66
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Listing Price Information
Listing Price: $3000000Cash, CashToNewLoan, Conventional, Exchange1031
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Tax Information
Parcel Number: 7128031002 Tax Lot: 5
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Parking Information
Parking Total: 13Garage Information
Has Garage: Yes Garage Space: 1
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Location Information
Direction: Cross Streets of Cherry Avenue & East 55th Street WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1005 E Harding Street, Long Beach, CA, 90805 | $2,400,000 | 18 | 10 | -- | |
| 436 E Market, Long Beach, CA, 90805 | $2,195,000 | 20 | 10 | -- |
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ByOwner last updated this listing 08/18/2026 @ 15:52
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