5503 5511 Cherry Avenue

Property Overview

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.

Home Details

Property type: Residential Income - Apartment
Year built: 1960
Lot size: 12,197 sq ft
Parking: 13 spaces
Garage: 1 spaces
Stories: 2
Days on market: 71
MLS status: Active

Features & Amenities

Pool

None

Lot

Street Level

Community, Schools & Utilities

Community

Subdivision: Other

Utilities

Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Long Beach, CA 90805

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Frequently Asked Questions About 5503 5511 Cherry Avenue

Property type: Residential Income

The current asking price is $2,850,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 5503 5511 Cherry Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1960. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.

The MLS currently reports the property as Active. It has been listed for 71 days. Status can change, so verify availability before relying on it.