753 Cerritos, Long Beach, CA 90813

753 Cerritos, Long Beach, CA 90813

  • 6938 sq ft
$3,000,000
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Basics

  • Date added: Added 2 weeks ago
  • Units: 10
  • Area, sq ft: 6938 sq ft

Description

  • Description:

    Pride of Ownership, 80's Construction - Current 5.86% CAP Rate and 11.62 GRM. Priced at only $300k/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 - one 2Bed+2Bath unit is currently vacant. 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.

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