751 Cerritos Ave
Long Beach,
CA
90813
Property Details
List Price: |
$2,349,000 |
Beds: |
18 |
Baths: |
-- |
Status: |
Active |
SqFt: |
6938 |
Agency: |
The Agency |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1987 |
Notes: |
PRICED TO SELL. 10X GRM and a 6.5% CAP on actual rents with upside to a 7.1% CAP. 10 units in Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Built in 1987, the property is professionally managed and well maintained. There are 14 onsite parking spaces - 1 for each unit plus 4 for rent. The 2nd floor units feature tall, vaulted ceilings and some have partial ocean views. The Property has an onsite laundry room. All units were updated from 2017-2019. The subpanels are 50 AMPS and the main panel is 200 AMPS. Plumbing is copper - Buyer to verify. Priced at only $340/SF. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES. |
MlsNumber: |
24-391473 |
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Listing Provided By: |
The Agency, original listing |
Name: |
The Agency |
Phone: |
(424) 230-3700 |
Office Name: |
The Agency |
Office Phone: |
(424) 230-3700 |
Agent Name: |
Jonathan Swire |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |