$2,900,000
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.
Listed by Cameron Samimi with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Apartment
Status
Active
MLS Number
SB26159474
Year Built
1987
Lot Size
7,340 sq ft
Click to interact with map
1128 Stanley, Long Beach
Listed by DARREN CORREA with LE INVESTMENT GROUP
1101 Cherry Ave, Long Beach
Listed by Shawn Mohler with The Mohler Real Estate Group
1561 W Pacific Coast Hwy, Long Beach
Listed by Tim Ho with First Team Real Estate
5711 E 2nd, Long Beach
Listed by Christopher Walker with Triqor Group
973 N Park, Long Beach
Listed by Ixbalanque Garcia with Won Suk Kim Real Estate, Inc.
1020 E Broadway, Long Beach
Listed by Makoto Ozaki with Person Realty Inc.
1491 Atlantic Ave, Long Beach
Listed by Tyler Leeson with Marcus & Millichap RE Invest
5503 5511 Cherry Ave, Long Beach
Listed by Tyler Leeson with Marcus & Millichap RE Invest
