753 Cerritos Avenue, Long Beach, CA 90813
- $2,900,000
List Agent Cameron Samimi () 310-259-7556 Lyon Stahl Investment Real Estate, Inc.; CoList ()
- List Price
- $2,900,000
- Status
- ACTIVE
- MLS#
- SB26159474
- Year Built
- 1987
- Lot Size
- 7,338
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 9
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
Pride of Ownership, 80's Construction - Current 6.57% CAP Rate and 10.42 GRM. Priced at only $290K/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. 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.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.