753 Cerritos
Long Beach, CA 90813
0.17 acres | #SB25049974
Description
Pride of Ownership, 80's Construction - Current
5.86% CAP Rate and 11.62 GRM. Priced at only
$300k/unit, 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 - one 2Bed+2Bath unit is
currently vacant. 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.
T he 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.
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$3,200,000
- MLS #SB25049974
- MLS #SB25049974
- Property SubtypeApartment
- Cost3000000
- Acres0.1685
- Utility SourcePublic
- Year Built1987
- Stories3
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Cameron Samimi (#SBSAMICAM)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#sb1310620)
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