Refine Search
Map
Sort by
$2,900,000
SB26159474 MLS ⋅ Active Status
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.

753 Cerritos Avenue, Long Beach
$1,290,000
PW26122847 MLS ⋅ Active Status
Exceptional income-producing multi-family property featuring two distinct structures on a single lot. The front single-family residence offers 3 bedrooms, 2 bathrooms, a spacious living room, and a fully equipped kitchen. The rear duplex, built in 2008, includes a 3-bedroom, 3-bathroom unit alongside a 2-bedroom, 2-bathroom unit. Each unit includes access to a detached 2-car garage with washer and dryer hookups, plus additional dedicated parking spaces for all residents. Units are individually metered for gas, electricity, water, and trash, leaving the owner responsible only for low-cost common area utilities and landscaping. Ideally situated in prime Downtown Long Beach directly behind St. Mary’s Medical Center and less than two miles from the Aquarium of the Pacific. Current rents offer significant value-add potential well below market rate. Buyer to verify all information.

1125 Linden Avenue, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.