CA > Long Beach
Long Beach, CA 90813,753 Cerritos
Long Beach, CA 90813,753 Cerritos
Long Beach, CA 90813,753 Cerritos
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$3,000,000
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7 Beds
7 Baths
7,338 Sqft Lot
Price Dropped by $200K

753 Cerritos Long Beach, CA 90813

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25049974

Bedrooms 7

HOA Y/N No

Lot Size 7,338 Sqft

Property Sub-Type Res Income 2-4 Units

Property 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.
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.

Location

State CA

County Los Angeles

Area Long Beach (90813)

Zoning Assessor

Building

Story 3

Lot Size Range 4000-7499 SF

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,846

Listing Terms Cash, Conventional, Exchange

San Diego Regional MLS (SDMLS)
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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753 Cerritos

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