751 Cerritos Avenue Long Beach, CA 90813
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site14 Days
- MLS StatusActive
- MLS ID Number24391473
- Home Size Source N/A
- Year Built1987
- Lot Size0.1685 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 14
- Number of Stories Multi/Split2
- Acreage 0.1685
- Attached Garage Yes
- Zoning LBR2N
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
Community Features
- Senior Community No
- MLS Area 4 - Downtown Area, Alamitos Beach