5678 Cherry Ave Long Beach, CA 90805-4402

This exceptional mixed-use property in Long Beach, CA, presents a compelling investment opportunity. Priced at $1,195,000, this fee-simple offering encompasses two buildings totaling 6,071 square feet of net rentable space situated on a 13,317 square foot lot. The property consists of 5678 Cherry Ave, a 1,000 square foot industrial warehouse/workshop, and 5708 Cherry Ave, a 5,071 square foot mixed-use building combining retail and residential spaces. Built in 1934 and 1950, the property features six units and eight dedicated parking spaces. Located at a high-traffic intersection with over 55,000 vehicles daily, it offers excellent visibility and accessibility. The property boasts a projected pro forma gross potential income of $132,900, resulting in a 7.25% cap rate. Zoned for light and general industrial use, this property is ideal for owner-users seeking versatile space for operations and rental income generation. The presence of vacant units and below-market rents presents significant value-add potential. This prime location in a high-demand, growing market makes this a solid investment in the thriving Long Beach area. The property's APN is 7157-013-032 & 7157-013-031.