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$2,990,000

Est. payment - /mo

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7 Beds

7 Baths

Active

753 Cerritos Long Beach, CA 90813

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Kurt Wannebo

kurt@wanneboreg.com +1(858) 405-5878

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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

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Off of Alamitos Ave and E 7th St

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 7266004043

Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

753 Cerritos Long Beach, CA 90813

Kurt Wannebo

Key Details

Location

Interior

Exterior

Building

Others

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753 Cerritos