$3,200,000
Est. payment /mo
Active
753 Cerritos Long Beach, CA 90813
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25049974
Originating Board California Regional MLS
Year Built 1987
Lot Size 7,338 Sqft
Property Description
Pride of Ownership, 80's Construction - Current 5.41% CAP Rate and 12.39 GRM. Priced at only $320k/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 699 - Not Defined
Interior
Laundry Community Facility
Exterior
Parking Features Carport
Garage Spaces 14.0
Pool None
Building
Water District - Public
Others
Tax ID 7266004043
Special Listing Condition Not Applicable
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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.