$2,999,999

5531 Cherry Avenue, Long Beach, CA 90805, US

Summary

Sq Ft: 8544.00
Year Built: 1950

Moving Quotes

primary photo for 5531 Cherry Avenue, Long Beach, CA 90805, US

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.

Details

MLS#: DW24195774
Price: $2,999,999

Sq Ft: 8544.00
Year Built: 1950

County: Los Angeles

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Broker Contact

eXp Realty of California Inc.
2603 Camino Ramon STE 200
San Ramon, CA, 94583
US
Deborah Penny
! 888-832-7179
! ca.broker@exprealty.net
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by California Regional Multiple Listing Service, Inc
Last updated: 2024-09-19T22:21:54.000-07:00.
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