751 Cerritos Avenue, Long Beach, CA, US, 90813
751 Cerritos Avenue, Long Beach, CA, US, 90813
$2,990,000
Request info
Basics
- Date added: Added 3か月 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 3
- Lot size: 7338, 7338 sq ft
- Year built: 1987
- County: Los Angeles
- MLS ID: SB25193309
Description
-
Description:
Pride of Ownership, 80's Construction - Current 5.80% CAP Rate and 11.62 GRM. Priced at only $300k/unit, 751-753 Cerritos Ave is the ideal opportunity for any investor looking for a well-maintained asset with strong cash flow. The property is comprised of (8) 2Bed+2Bath and
(2) 1Bed+1Bath units. Fully Occupied.
A handful of units have been renovated, including new floors, cabinets, appliances, bathrooms and fixtures. There is ample tuck-under parking and a laundry room on site. The subject property is located just outside 6 billion dollars' worth of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, and Queen Mary Island.
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Location
- Directions: Off of Alamitos Ave and E 7th St
- Lot Size Acres: 0.1685 acres
Building Details
- Water Source: Public
- Lot Features: ZeroToOneUnitAcre
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 0
- Number Of Buildings: 1
Amenities & Features
- Pool Features: None
- Parking Features: Carport
- Parking Total: 0
- Laundry Features: CommonArea
Expenses, Fees & Taxes
- Trash Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Insurance Expense: 0
- Water Sewer Expense: 0
Miscellaneous
- List Office Name: Lyon Stahl Investment Real Estate, Inc.
- Listing Terms: Cash,CashToNewLoan,Conventional,Exchange1031
- Common Interest: CommunityApartment
- Community Features: Urban
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