Home | Los Angeles County | Long Beach | 90805 | 5503 5511 Cherry Ave
MLS: CROC26176306 | Status: | Price: $3,000,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 0 | 1960 |
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.
| Field | Value |
|---|---|
| MLS # | CROC26176306 |
| MLS Source | California Regional MLS |
| Days on Site | 15 |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 1 Car(s) |
| HOA Fee | $0 |
Tyler Leeson
Marcus & Millichap RE Invest
License #: 01451551
Phone: (949) 419-3326
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Harte Elementary School | public | K-5 | 0.26 mi | 6 |
| Lindbergh Middle School | public | 6-8 | 0.73 mi | 4 |
| Barton Elementary School | public | K-5 | 0.89 mi | 4 |
| Grant Elementary School | public | K-5 | 1.14 mi | 4 |
| Odyssey STEM Academy | public | 9-12 | 1.20 mi | 7 |
| Buena Vista High School | public | 9-12 | 1.23 mi | 2 |
| Riley Elementary School | public | K-5 | 1.23 mi | 8 |
| Holmes Elementary School | public | K-5 | 1.30 mi | 9 |
| Addams Elementary School | public | K-5 | 1.31 mi | 5 |
| Madison Elementary School | public | K-5 | 1.34 mi | 8 |
| Jordan High School | public | 9-12 | 1.36 mi | 3 |
| Captain Raymond Collins School | public | K-5 | 1.41 mi | 2 |
| Hoover Middle School | public | 6-8 | 1.49 mi | 4 |
| Dooley Elementary School | public | K-5 | 1.63 mi | 4 |
| McKinley Elementary School | public | K-5 | 1.66 mi | 6 |
| Hamilton Middle School | public | 6-8 | 1.82 mi | 4 |
| Intensive Learning Center | public | K-6 | 1.85 mi | 7 |
| Lindsey Academy | public | 6-8 | 1.90 mi | 3 |
| Leona Jackson School | public | 6-8 | 1.99 mi | 6 |
| Wesley Gaines School | public | K-5 | 2.00 mi | 6 |
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This listing information is up-to-date as of August 12, 2026. For the most current information, please contact Tyler Leeson, (949) 419-3326.