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Closed
- Listed price
- $3,895,000
- Listed Apr 7, 2016
- Sold price
- $3,000,000
- Sold Jan 3, 2017
44,447 sqft lot|1961 Built|110 MLS days on market
3511 Cherry Ave, Long Beach, CA 90807
Property Description
The subject property has been leased to City Loan on a net lease since December 2007. The lease is a true triple net lease as the tenant is also responsible for all expenses on the property including the roof. There are 3 buildings totaling 22,524 square feet of which the most southerly building is a vacant 2,576 SF single story building not occupied, and the 2 story building located at 3431 Cherry Avenue is 6,168 SF directly adjacent to the warehouse and 68 space parking lot is fully occupied by the tenant and its employees There is approximately 10,080 SF in warehouse space with 25' high clearance and additional under room parking garages totaling 3,700 SF. The total land area is 44,447 square feet. The tenant's business is being operated under a difficult to obtain, C.U.P. Conditional Use Permit that runs with the property and makes it likely for a lease renewal. There are no options to renew and the lease expires 12/31/2018. The property is zoned R1 but commercial use is grandfathered in. It is one parcel north of the signalized intersection of Cherry Avenue and East Wardlow Road, directly across from the west entrance to Long Beach Airport. It is also just a few short blocks to the 405 Freeway off/on ramps.
Listing agent: Stephen LampeDRE #01164364slampe@remaxcir.com, Listing office: RE/MAX Commercial & Inv Realty
MLS data updated 10/23/2026, 4:43:37 PM PT
Source: CRMLSMLS #: SB16072964
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$3,000,000
Jan 3, 2017
Available records22016–2017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90807 · Oct 2026
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ZIP 90807 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
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