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\u2019s 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.<\/p>","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":1,"featured_media":4989402,"parent":0,"menu_order":0,"template":"","property_type":[74],"property_status":[1034],"property_feature":[99],"property_label":[85],"property_country":[],"property_state":[103],"property_city":[350],"property_area":[266],"class_list":["post-4893013","property","type-property","status-publish","has-post-thumbnail","hentry","property_type-apartment","property_status-residential-income","property_feature-has-garage","property_label-active","property_state-los-angeles","property_city-long-beach","property_area-other"],"property_meta":{"_mlsimport_listing_key":["1179857290"],"MLSimport_item_inserted":["94072"],"fave_property_land_postfix":["Acres"],"fave_property_garage":["1"],"fave_property_year":["1960"],"fave_property_address":["Cherry"],"fave_property_price":["3000000"],"fave_property_land":["0.28"],"fave_property_country":["United States"],"fave_property_zip":["90805"],"fave_property_map_address":["5503 5511 Cherry Avenue"],"houzez_geolocation_long":["-118.168906"],"houzez_geolocation_lat":["33.856259"],"fave_property_id":["OC26176306"],"property_bathrooms":[""],"fave_property_bathrooms":[""],"REAL_HOMES_property_bathrooms":[""],"fave_contact-mail":["tleeson@marcusmillichap.com"],"fave_brokered-by":["Marcus & Millichap RE Invest"],"fave_listed-by":["Tyler Leeson"],"fave_dre":["01451551"],"mlsimport_stored_modification_timestamp":["2026-09-13T19:55:41.557-00:00"],"mlsimport_synced_mod":["1789329341"],"mlsimport_stored_write_config_version":["cbeb9f57de1c6565937309b36393a1e55515b1366bb096892bba9eb4f914a943"],"fave_property_location":["33.856259,-118.168906"],"property_location":["33.856259,-118.168906"],"additional_features":["a:0:{}"],"fave_agents":["0"],"fave_agent_display_option":["agent_info"],"fave_featured":["0"],"houzez_featured_listing_date":[""],"fave_property_map":["1"],"fave_property_map_street_view":["show"],"fave_single_top_area":["global"],"fave_single_content_area":["global"],"fave_additional_features_enable":["enable"],"fave_property_size_prefix":["Sq Ft"],"_thumbnail_id":["4989402"],"fave_property_images":["4989402","4989403","4989404","4989405","4989406","4989407","4989408","4989409","4989410","4989411","4989412","4989413","4989414"],"houzez_total_property_views":["2"],"houzez_views_by_date":["a:1:{s:10:\"09-14-2026\";i:2;}"],"houzez_recently_viewed":["2026-09-14 11:24:50"],"_elementor_page_assets":["a:0:{}"]},"yoast_head":"\n