Homes for sale - 728 Cerritos AVE, Long Beach, CA 90813

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David Burchell

david@burchellhometeam.com +1(559) 234-2579

$3,300,000

Est. payment - /mo

0.29 Acres Lot

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UPDATED:

11/22/2024 08:15 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24076719

HOA Y/N No

Year Built 1924

Lot Size 0.290 Acres

Property Description

We are pleased to present a 19+1 unit apartment building located at 728 Cerritos Avenue in Long Beach, California. This is a value-add opportunity in a great location. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of two parcels that total 11,750 rentable square feet spread throughout a 12,614 square foot lot. One property was built in 1924 and the other was built in 1952. The properties consist of 5 studios, 12 one bed/one bath units and 2 two bedroom / one bath units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 9 garages which generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR2N

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 9.0

Garage Description 9.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7266003017

Energy Description 5000.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Kevin King • Marcus & Millichap • kking@marcusmillichap.com

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David Burchell

+1(559) 234-2579

Team Leader & Realtor | License ID: #02033130

Team Leader & Realtor License ID: #02033130

728 Cerritos AVE Long Beach, CA 90813

David Burchell

David Burchell

Key Details

Location

Interior

Exterior

Building

Others

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