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ResidentialIncome — 753 Cerritos Avenue, Long Beach, CA

$2,900,000

753 Cerritos Avenue, Long Beach, CA

$2,900,000 — 753 Cerritos Avenue, Long Beach, CA — photo 1 $2,900,000 — 753 Cerritos Avenue, Long Beach, CA — photo 2 $2,900,000 — 753 Cerritos Avenue, Long Beach, CA — photo 3 $2,900,000 — 753 Cerritos Avenue, Long Beach, CA — photo 4 $2,900,000 — 753 Cerritos Avenue, Long Beach, CA — photo 5
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About this property

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.

Property details

Year built
1987
Property type
ResidentialIncome

Location

753 Cerritos Avenue • Long Beach, CA 90813

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Listed by

Cameron Samimi · Lyon Stahl Investment Real Estate, Inc.

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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