5531 Cherry Avenue

Long Beach, CA 90805

PRICE REDUCED

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-$499,999 (-16.67%)

$2,500,000

List Price

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1950

calendar_month Built

Property 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.

Listing Information

List Price $2,500,000
Status Active
MLS DW24195774
Type Commercial
Subtype Industrial
Year Built 1950
Lot Size 18,602
Structure Size N/A
DOM 81
Courtesy Of eXp Realty of California Inc.
Listing Agent Gay-lynn Chavez DRE#01433767
Co-Listing Agent Tisha Prieto DRE#01112564

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Gay-lynn Chavez, Tisha Prieto, eXp Realty of California Inc. 562-858-7065. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 10th, 2024 at 5:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.