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INVESTMENT HIGHLIGHTS
- Mixed Use Multi-Tenant Value Add Purchase Opportunity. Industrial, Commercial, Retail, Office, Residential. Major Street Frontage.
EXECUTIVE SUMMARY
PRICED TO SELL: ONLY $1,375,000 ($226.48 PSF)
5678-5708 Cherry Ave, Long Beach, CA 90805 – Mixed Use Multi-Tenant Commercial/Residential & Free Standing Industrial Building For Sale
Value Add Opportunity
Mixed Use 6 Unit Multi-Tenant Building
±6,071 SF Industrial / Retail / Office / Residential
Heart of North Long Beach
Excellent Access to 405, 91, 605 and 710 Freeways
• Cross Streets: Cherry Ave/South St
• Buildings Total: ± 6,071 SF
o 5708 Cherry Avenue: ± 5,071 SF Multi-Tenant Mixed Use Building on ± 6,969 SF Lot (with shared fenced parking lot)
o 5678 Cherry Avenue: ± 1,000 SF Industrial Building on ± 6,347 SF Lot (with private fenced/shielded yard)
• Lot: ± 13,316 SF
• Parking: Currently 7 Stripped – possibly to expand significantly (Buyer verify)
• Zoning: IL & IG
• APN: 7157-013-031,032
• Vacant: Yes
• Uses: Previous Uses included: tax office, retail unit, industrial warehouse building /1BR 1BA residential unit 1st floor / 3BR 2BA residential unit 2nd floor
• Asking Sale Price: $1,375,000 ($226.48 PSF)
Buyer to verify all data including but not limited to size, square footage*, power, clearance, zoning, allowed uses with municipality and all other data.
* All square footages referenced are for comparison purposes only and are not a representation or warranty. Buyer / Lessee are encouraged to measure and confirm the property size and square footages and engage a surveyor for exact determination of square footages, property lines, easements, encroachments, etc. . (Square Footage may or may not have been and are often taken from title company published data. Colliers does not know if the SF is accurate or not accurate. Note that it is common when an appraiser, architect, engineer, or real estate agent measures a property, building, lot, that each may often come up with different measurements and these measurements may often be different from what the tax assessor might publish).
5678-5708 Cherry Ave, Long Beach, CA 90805 – Mixed Use Multi-Tenant Commercial/Residential & Free Standing Industrial Building For Sale
Value Add Opportunity
Mixed Use 6 Unit Multi-Tenant Building
±6,071 SF Industrial / Retail / Office / Residential
Heart of North Long Beach
Excellent Access to 405, 91, 605 and 710 Freeways
• Cross Streets: Cherry Ave/South St
• Buildings Total: ± 6,071 SF
o 5708 Cherry Avenue: ± 5,071 SF Multi-Tenant Mixed Use Building on ± 6,969 SF Lot (with shared fenced parking lot)
o 5678 Cherry Avenue: ± 1,000 SF Industrial Building on ± 6,347 SF Lot (with private fenced/shielded yard)
• Lot: ± 13,316 SF
• Parking: Currently 7 Stripped – possibly to expand significantly (Buyer verify)
• Zoning: IL & IG
• APN: 7157-013-031,032
• Vacant: Yes
• Uses: Previous Uses included: tax office, retail unit, industrial warehouse building /1BR 1BA residential unit 1st floor / 3BR 2BA residential unit 2nd floor
• Asking Sale Price: $1,375,000 ($226.48 PSF)
Buyer to verify all data including but not limited to size, square footage*, power, clearance, zoning, allowed uses with municipality and all other data.
* All square footages referenced are for comparison purposes only and are not a representation or warranty. Buyer / Lessee are encouraged to measure and confirm the property size and square footages and engage a surveyor for exact determination of square footages, property lines, easements, encroachments, etc. . (Square Footage may or may not have been and are often taken from title company published data. Colliers does not know if the SF is accurate or not accurate. Note that it is common when an appraiser, architect, engineer, or real estate agent measures a property, building, lot, that each may often come up with different measurements and these measurements may often be different from what the tax assessor might publish).
PROPERTY FACTS
| Price | $1,375,000 | Number of Properties | 2 |
| Price / SF | $226.49 / SF | Individually For Sale | 0 |
| Sale Condition | Deferred Maintenance | Total Building Size | 6,071 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.31 AC |
| Status | Active |
| Price | $1,375,000 |
| Price / SF | $226.49 / SF |
| Sale Condition | Deferred Maintenance |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,071 SF |
| Total Land Area | 0.31 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5678 Cherry Ave, Long Beach, CA 90805 | Industrial | 1,000 SF | 1950 | - |
| 5708 Cherry Ave, Long Beach, CA 90805 | Retail | 5,071 SF | 1934 | - |
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5708 & 5678 Cherry Avenue, Long Beach
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