Long Beach, CA 90813 758 Cerritos Avenue
$1,799,000
27 more
Presented By: Visakha Sir with REMAX Proper; 562-310-3742
Beds • 7
Baths • 7
SQFT • 4,116
Garage • 4
Year Built • 1959
Home Details
Investment Opportunity; 7-Unit Property Near Downtown Long Beach. This 7-unit property is an excellent option for investors looking to maximize rental income. Located near downtown Long Beach, it is surrounded by numerous apartment buildings, ensuring a steady demand for housing in the area.
The property includes four vacant units, ready to be rented at market rates, offering immediate income potential. Each unit features 1 bedroom and 1 bathroom, making them highly attractive to a wide range of tenants.
Conveniently located near public transportation, shops, and local amenities.
Presented By: Visakha Sir with REMAX Proper; 562-310-3742
Interior Features for 758 Cerritos Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level2
General for 758 Cerritos Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs
CountyLos Angeles
DirectionsUnit the 405 to 7th street and turn right on Cerritos
Electric Expense0.0
Electric On Property Y/NNo
Entry Location2
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income34929.0
HOANo
Home Warranty Y/NNo
Insurance Expense3800.0
Land Lease Amount0.0
Land Lease Y/NYes
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet6328.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income27920.0
New ConstructionNo
Number Of Units Total7
Operating Expense7000.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameDowntown (DT)
Tax Lot7
Trash Expense1200.0
Water Sewer Expense2760.0
Waterfront Y/NNo
Year Built1959
Year Built SourcePublicRecords
ZoningLBR2N
Exterior for 758 Cerritos Avenue
Building Area Total4116.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1453
Lot Size Area6328.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,799,000
MLS#PW24247969
List Date
12/11/2024
Property Type
Multi-Family
Phone
(562) 537-4182
