Date
Details
Price
Change
Source
8/12/2026
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/13
$3,000,000
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Property Description
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.
Full Property Details
Full Property Details for 5503 5511 Cherry Ave
General
- Price: $3,000,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: OC26176306
- Updated: 8/12/2026
- Days on Market: 16 days
- Added to Site: 16 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 1
Location
- Area: 7 - North Long Beach
- County: Los Angeles
- Development Name: 7 - North Long Beach
- Driving Directions: Cross Streets of Cherry Avenue & East 55th Street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 17
- # Electric Meters: 17
Structural Information
- Entry Location: First level
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 9,250
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
Unit 2
- Number of Units: 15
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196.8
- Lot Size Source: Assessor
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $324.32
- Price Per Unit: 176471
Listed by Marcus & Millichap RE Invest, Tyler Leeson
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Listing agent
— 5503 5511 Cherry Ave —
Tyler Leeson
Marcus & Millichap RE Invest
tleeson@marcusmillichap.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5503 5511 Cherry Ave
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Harte Elementary School 1671 East Phillips Street, Long Beach, CA 90805 | K-5 | 0.4 mi |
Lindbergh Middle School 1022 East Market Street, Long Beach, CA 90805 | 6-8 | 0.8 mi |
Jordan High School, Long Beach, CA 6500 Atlantic Avenue, Long Beach, CA 90805 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5503 5511 Cherry Ave
Tax History
Tax History for 5503 5511 Cherry Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,575
—
$345,292
2%
2025
$7,575
8%
$338,522
3%
2023
$7,000
5%
$327,778
2%
2022
$6,641
4%
$321,399
2%
2021
$6,411
—
$315,145
1%
2020
$6,393
1%
$311,940
3%
2019
$6,318
5%
$303,471
2%
2018
$5,998
1%
$297,522
2%
2017
$5,930
8%
$291,689
2%
2016
$5,511
3%
$285,971
2%
2015
$5,342
-1%
$281,676
2%
2014
$5,405
2%
$276,159
—
2013
$5,274
—
$274,912
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5503 5511 Cherry Ave
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 2,743Sq. Ft.
- Co-op
- Active
- Updated 5 days ago
- 2Beds
- 1Total Bath
- 750Sq. Ft.
- Co-op
- Active
- Updated 2 hours ago
- 2Beds
- 2Total Baths
- 1,100Sq. Ft.
- Co-op
- Active
- Updated 14 hours ago
- 2Beds
- 1Total Bath
- 1,100Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,630Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,300Sq. Ft.
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- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,803Sq. Ft.
Listed by Bridget Taylor (CalRE#: 00921523)
5503 5511 Cherry Avenue, Long Beach, CA 90805 (MLS# OC26176306) is a Multi-Family property with 17 units containing 0 bedrooms and 0 full bathrooms. 5503 5511 Cherry Avenue is currently listed for $3,000,000 and was received on August 12, 2026. Want to learn more about 5503 5511 Cherry Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.