5531 Cherry Avenue, Long Beach, CA 90805

  • $2,999,999
  • $351
5531 Cherry Avenue, Long Beach, CA 90805
  • Commercial Sale
  • Property Type
  • 1950
  • Year Built
For Sale
5531 Cherry Avenue, Long Beach, CA 90805
  • $2,999,999
  • $351

Overview

Property ID: SGR-34034973
  • Commercial Sale
  • Property Type
  • 1950
  • Year Built

Description

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.

  • Address 5531 Cherry Avenue
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90805
  • Area 7 - North Long Beach
  • Country United States

Details

Updated on September 24, 2024 at 11:21 am
  • Property ID: SGR-34034973
  • Price: $2,999,999
  • Land Area: 18602.00 m²
  • Year Built: 1950
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 8544.00
  • MLS#: DW24195774
  • Office Name: EXP REALTY OF CALIFORNIA INC.
  • Agent Name: Gay-lynn Chavez
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: eXp Realty of California
  • Co-Agent Name: Tisha Prieto
  • Agent State License: 01433767
  • Co-Agent State License: 01112564
  • IDX Contact Info: 562-858-7065

Additional details

  • County: Los Angeles
  • Property SubType: Industrial
  • Water Source: Public

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