751 Cerritos Avenue
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 7,338 sqft lot
- 1987 build
- – on site
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PRICED TO SELL. 9X 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.
Last checked:
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Last updated Aug 16, 2024
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MLS# 24391473 —
The Building
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Year Built:1987
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New Construction:No
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Building Area Total:6938.00
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# of Buildings:1
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Total Number Of Units:10
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Stories Total:2
Interior
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Levels:Multi/Split
Location
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Directions:10 units in Alamitos Beach, Long Beach.
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Latitude:33.77631800
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Longitude:-118.17823700
The Property
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Property Type:Residential Income
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Zoning:LBR2N
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Lot Size Area:7338.0000
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Lot Size Acres:0.1685
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Lot Size SqFt:7338.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7266004043
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking Spaces:14.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/16/24
Aug 16, 2024
|
Sold | CRMLS_CA | $2,349,000 | |
|
6/19/24
Jun 19, 2024
|
Pending | CRMLS_CA | $2,349,000 | |
|
5/14/24
May 14, 2024
|
Listed / Active | CRMLS_CA | $2,349,000 |
