CA > Long Beach
Long Beach, CA 90813,751 Cerritos AVE
Long Beach, CA 90813,751 Cerritos AVE
Long Beach, CA 90813,751 Cerritos AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,990,000
Est. payment /mo
7,339 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25193309

HOA Y/N No

Year Built 1987

Lot Size 7,339 Sqft

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

Fireplace No

Laundry Common Area

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

Tax ID 7266004043

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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