751 Cerritos AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,938 sqft
Price per Sqft $430
MLS Listing ID SB25193309
HOA Y/N No
Year Built 1987
Lot Size 7,339 Sqft
Acres 0.1685
Property Sub-Type Apartment
Property 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 - 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 699 - Not Defined
Interior
Laundry Community
Exterior
Parking Features Carport
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan,Conventional
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW INSTRUCTIONS Drive by only. DO NOT Disturb Tenants. Offer Subject to. CALL CAMERON SAMIMI - (310) 259-7556