903 Cerritos Avenue ABCD, Long Beach, CA 90813

About this fourplex

A concise 4-unit, one-story home is available for sale in this residential neighborhood of Long Beach. All units feature 2 bedrooms and 1 bathroom with a decent floor plan and well-proportioned layout. The property is conveniently located close to prime areas and is within reasonable distance of the beach, with easy access to freeways. It is situated in a high-demand rental area and is currently fully occupied, requiring low maintenance, which means you will yield a higher return on your investment. The listed rents are the actual rents being collected. Additionally, there are four parking spaces at the back of the property. Some of the units have been updated with certain items. The property generates stable income with upside potential in this growing area, offering endless potential for the buyer. Three tenants are on month-to-month leases and one tenant's lease will be expired soon. The location is just minutes away from supermarkets, restaurants, parks, shopping areas, and bus stations. The seller is motivated, and the offer is subject to inspection.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,100,889

Sold September 2023 · listed $1,180,000, on market July 2023 · MLS #WS23138554 · Source: CRMLS

Listing Agent: RHEA BAI · Listing Office: RE/MAX PREMIER/ARCADIA · Contact: 626-229-2200 · Bought with: Sam Alherech · Buckingham Investments, Inc

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