5531 Cherry Avenue
Long Beach, CA 90805
0.43 acres | #DW24195774
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.
Property Details
- Lot DescriptionZeroToOneUnitAcre
- CountyLos Angeles
- Original List Price$2,999,999
- MLS #DW24195774
- Property SubtypeIndustrial
- MLS #DW24195774
- Property TypePurchase
- Cost2500000
- Utility SourcePublic
- Acres0.427
- Year Built1950
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Gay-lynn Chavez (#DWBARGAY)
Listing Office: eXp Realty of California Inc. (#DWEXW)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
