Search
5531 Cherry Ave, Long Beach, CA 90805
Image 2 for 5531 Cherry Ave, Long Beach, CA 90805
Image 3 for 5531 Cherry Ave, Long Beach, CA 90805
View Photos

5531 Cherry Ave Long Beach, CA 90805

$2,999,999
  • -- Beds
  • -- Baths
  • 8,544 Sq.Ft.
For Sale
$2,999,999 Get Pre-Qualified
Map preview of 5531 Cherry Ave, Long Beach, CA 90805

Property Overview: 5531 Cherry Ave Long Beach, CA has -- bedrooms, -- bathrooms, 8,544 living square feet and 18,602 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Gay-lynn Chavez | BRE #01433767 | eXp Realty of California Inc.
Co-listed by Tisha Prieto | BRE #01112564 | eXp Realty of California
Last checked: 14 minutes ago | Last updated: September 20th, 2024 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
18,602
HOA Dues
$0/mo
Year built
1950
Garage
--
Property Type:
Industrial
Status
Active
MLS#
DW24195774
City
Long Beach
County
Los Angeles
Time on Site
21 hours
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 5531 Cherry Ave

No upcoming open houses

Schedule Tour

Property Details for 5531 Cherry Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 7128031030
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cherry Ave x E 55th St
View more facts & features

Local Long Beach Agent

Sale History for 5531 Cherry Ave

Last sold on October 22nd, 2014

  • September, 2024

  • Sep 19, 2024

    Date

    Active

    CRMLS: DW24195774

    $2,999,999

    Price

  • March, 2024

  • Mar 31, 2024

    Date

    Expired

    CRMLS: DW23189393

    $2,999,999

    Price

  • Oct 10, 2023

    Date

    Active

    CRMLS: DW23189393

    $5,000,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE IMPROVEMENT: 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.

  • October, 2014

  • Oct 22, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2014

  • Oct 22, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

Show More

Tax History for 5531 Cherry Ave

Assessed Value (2020): $983,545
Year Land Value Improved Value Assessed Value
2020 $549,467 $434,078 $983,545

Home Value Compared to the Market

This property vs the competition

5531 Cherry Ave is listed 284.62% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $351.12 per/sqft which puts the price per square foot 45.65% lower than the median price per square foot for the city of Long Beach.

About 5531 Cherry Ave

Detailed summary of property

5531 Cherry Ave is a industrial located in Long Beach, CA 90805 and is currently for sale. This industrial property offers -- bedrooms, -- bathrooms, roughly 8,544 living square feet, and sits on an approximately 18,602 square foot lot. 5531 Cherry Ave was first listed on ArdentRealEstateGroup.com on September 20, 2024. The homeowner is currently asking $2,999,999. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 284.62% higher than the median priced home. Local competing homes currently for sale include 5860 Central Ave #120, 2760 N State St and 425 E 58th St. While the average home in Long Beach, CA is selling in 62 days, 5531 Cherry Ave has a days on market of 1 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 5531 Cherry Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5531 Cherry Ave

Public county record property details
Beds
--
Baths
--
Year built
1950
Sq. Ft.
7,104
Lot Size
13,519
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
33-35
APN
7128-031-030

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$690,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
97
Median Sale to List Price %
101.89%
Avg Days on Market
28
Loan Type
Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

Tour This Home

Image Description
Contact Jon
Long Beach Agent
Call, Text or Message
(714) 706-1823

Homes for Sale Near 5531 Cherry Ave

Nearby Homes for Sale

2193 E 14th St, Los Angeles, CA 90021
$2,685,000
-- Beds
-- Baths
8800 Sq.Ft.
2193 E 14th St
Los Angeles, CA 90021
2003 Raymer Ave #B, Fullerton, CA 92833
$3,239,000
-- Beds
-- Baths
6879 Sq.Ft.
2003 Raymer Ave #B
Fullerton, CA 92833
232 E 2nd Ave, La Habra, CA 90631
$2,600,000
-- Beds
-- Baths
3500 Sq.Ft.
232 E 2nd Ave
La Habra, CA 90631
425 E Front St, Covina, CA 91723
$3,500,000
-- Beds
-- Baths
8775 Sq.Ft.
425 E Front St
Covina, CA 91723
841 E San Bernardino Rd, Covina, CA 91723
$2,800,000
-- Beds
-- Baths
5276 Sq.Ft.
841 E San Bernardino Rd
Covina, CA 91723
61 Post, Irvine, CA 92618
$2,999,990
-- Beds
-- Baths
4976 Sq.Ft.
61 Post
Irvine, CA 92618
1100 Price Ave, Pomona, CA 91767
$3,500,000
-- Beds
-- Baths
5080 Sq.Ft.
1100 Price Ave
Pomona, CA 91767
1590 S Milliken Ave #H, Ontario, CA 91761
$2,733,930
-- Beds
-- Baths
7389 Sq.Ft.
1590 S Milliken Ave #H
Ontario, CA 91761

Recently Sold Homes Near 5531 Cherry Ave

2110 E Cherry Industrial Circle, Long Beach, CA 90805
$2,670,000 Last Sold Price
-- Beds
-- Baths
10112 Sq.Ft.
2110 E Cherry Industrial Circle
Long Beach, CA 90805
5911 Cherry Ave, Long Beach, CA 90805
$960,000 Last Sold Price
-- Beds
-- Baths
3775 Sq.Ft.
5911 Cherry Ave
Long Beach, CA 90805
2805 E South St, Long Beach, CA 90805
$1,000,000 Last Sold Price
-- Beds
-- Baths
2928 Sq.Ft.
2805 E South St
Long Beach, CA 90805
2725 Seaboard Ln, Long Beach, CA 90805
$2,245,000 Last Sold Price
-- Beds
-- Baths
9942 Sq.Ft.
2725 Seaboard Ln
Long Beach, CA 90805

Related Resources to 5531 Cherry Ave

New Listings in 90805
Popular Zip Codes
Popular Cities
Other Long Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

Call