$ 2,999,999
5531 Cherry Avenue Long Beach, CA 90805
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Gay-lynn Chavez • eXp Realty of California Inc.
$ 2,999,999
Est. payment /mo
New
5531 Cherry Avenue Long Beach, CA 90805
UPDATED:
09/20/2024 06:39 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW-24195774
Year Built 1950
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.
Location
State CA
County Los Angeles
Interior
Laundry None
Building
Lot Description Lot 10000-19999 Sqft, 0-1 Unit/Acre