Flex (Industrial / Retail / Residential)

This flex/mixed-use property in North Long Beach, listed at $1,195,000, features two distinct buildings totaling 6,071 SF. The property includes 5678 Cherry, a 1,000 SF industrial warehouse/workshop, and 5708 Cherry, a 5,071 SF mixed-use building that combines retail and residential spaces. Located at the busy intersection of Cherry Ave and South St, with over 55,000 vehicles per day, the property offers high visibility and accessibility. It is ideal for both investors and owner-users, offering versatile spaces for operations and rental income, plus 8 dedicated parking spaces.
The property has value-add potential with vacant units and below-market rents, projected to generate $132,900 in pro forma gross potential income, and offering a cap rate of 7.25%. Owner-users can occupy part or all of the space for business purposes while benefiting from multiple revenue streams. Positioned in a high-demand market with ongoing growth, this is a solid investment in the thriving Long Beach area.