753 Cerritos Avenue, Long Beach, CA 90813

$2,900,000

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Listed by Cameron Samimi, 310-259-7556 from Lyon Stahl Investment Real Estate, Inc.
(If provided) CoList: from

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List Price: $2,900,000
MLS#: CRSB26159474
Status: ACTIVE
Lot Size: 7,338
Listing Area: 699 - Not Defined
Year Built: 1987

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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.

(831) 917-5646

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Additional Information

Garage Parking: Carport
Laundry Facilities: Community Facility
Lot Size: 7,338
Neighborhood: 699 - Not Defined
Pool Description: None
Unincorporated Yn: Yes

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Fadi Doidri are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings 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.