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5505 Cherry Ave
Long Beach, CA 90805 Bixby Knolls

$3,000,000 USD

Apartments For Sale • 9,250 SF

Property Details

Property Type Apartments
Total Building Size 9,250 SF
Lot Size 0.28 AC
Building Class C
Year Built 1960
Cap Rate 5.17 %
Zoning LBCCA

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Location & Scale: 17-unit multifamily investment property in Long Beach, CA.
                            
                                Strong Unit Mix: Predominantly one-bedroom units (15 1BD/1BA, 1 2BD/1BA, 1 Studio).
                            
                                Property Size: 9,250 net rentable square feet situated on a 0.28-acre parcel.
                            
                                Recent Cap Ex: $85,000 in major capital improvements completed in 2025.
                            
                                Tenant Amenities: Gated access, security doors, ceiling fans, and on-site laundry.
                            
                                Parking & Grounds: 13 on-site parking spaces and a spacious, walk-up central courtyard.

Financial Summary (Actual)

Net Operating Income: $155,114 USD (2026)

Cap Rate:	5.17 %
Total Expenses:	$128,191 USD

Amenities

Courtyard
Laundry Facilities
Gated

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	7 min	-	3.2 mi
Los Angeles International	29 min	-	19.4 mi
John Wayne/Orange County	33 min	-	24.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Tyler Leeson 714-713-9086 Marcus & Millichap

5505 Cherry Ave Long Beach, CA 90805 Bixby Knolls