751 Cerritos Avenue
751 Cerritos Avenue
$2,349,000
18
18
6,938
6,938
$339
Description
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....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.
- Listed by Jonathan Swire • DRE #01336277 • Brokerage DRE #01738973 • The Agency
Property Details for 751 Cerritos Avenue
Zoning
LBR2N
Parcel Number7266004043
Total Units10.0
Living Area6938
Source Living AreaVendor Enhanced
AreaDowntown Area, Alamitos Beach (4)
Vacancy Rate0%
Lot Size Area7338
Location
LISTING UPDATED: 05/21/2024 12:01 AM
Property Details for 751 Cerritos Avenue
Status | Active |
---|---|
MLS # | 24-391473 |
Days on Market | 21 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1987 |
Lot Size | 0.17 AC / 7,338 SF |
County | Los Angeles County |
Location
Building Information for 751 Cerritos Avenue
Stories2Residences-Year Built1987Building Size-Lot Size0.17 AC / 7,338 SF
Payment Calculator
$15,116 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 751 Cerritos Avenue
Property History for 751 Cerritos Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 751 Cerritos Avenue
Taxable ValueLand$1,444,596Additions$619,111Total$2,063,707
Tax Record2023$27,566 ($2,297 / month)
Home Facts
Total Finished SqFt6,938 SqFtAbove Grade Finished SqFt6,938 SqFtLot Size7,338 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningLBR2NCountyLOS ANGELESAPN7266-004-043
Schools near 751 Cerritos Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lincoln Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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