5939 1/2 Cherry Ave Long Beach, CA 90815
Lakewood Mutual NeighborhoodEstimated payment $1,723/month
About This Lot
Prime mixed-use vacant land in a high-traffic North Long Beach location, offering an exceptional development opportunity. The parcel features strong frontage along a well-traveled corridor located between 60th Street and Hungerford Street, providing excellent visibility and exposure - ideal for investors, developers, or owner-users seeking to build in a growing submarket. Zoned Mixed-Use 1 (MU-1 and MU-1-A), the property allows for medium-scale mixed-use development designed to transition between residential neighborhoods and mixed-use nodes, supporting a broad range of residential and non-residential uses in flexible configurations. Potential uses include multi-family housing, live/work units or artist studios, retail, office, service-oriented businesses, or integrated mixed-use development (buyer to verify with the City). Convenient access to the 710 and 91 freeways, combined with strong daily traffic counts, enhances accessibility and long-term growth potential. Surrounded by established residential communities and active commercial uses, this site offers a compelling blend of exposure, accessibility, and demand making it an outstanding opportunity for future development in Long Beach. Please do not disturb occupants.
Property Details
Property Type
- Land
Lot Details
- 4,807 Sq Ft Lot
- Lot Dimensions are 40x120
- Rectangular Lot
- Level Lot
- Property is zoned MU-1-A
Utilities
- Overhead Utilities
- Property is located within a water district
- Sewer in Street
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 7123-005-005
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2026 01/19/26 | For Sale | $275,000 | -- | -- |
Source: The MLS
MLS Number: 26640275
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Ask me questions while you tour the home.