728 Cerritos Avenue
$3,300,000
3
19
11,750
11,750
$281
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...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.
- Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap • kking@marcusmillichap.com
Property Details for 728 Cerritos Avenue
Parking Spaces Total
9
Private PoolNo
Total Units19.0
Building TypeAttached
Lot Size SourceAssessor
Living Area11750
Assessor Parcel Number7266-003-017
Property Attached YNtrue
LISTING UPDATED: 11/22/2024 04:22 AM
Property Details for 728 Cerritos Avenue
Status | Active |
---|---|
MLS # | PW24076719 |
Days on Market | 238 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
County | Los Angeles County |
Building Information for 728 Cerritos Avenue
Building/Complex728 Cerritos AveFloor-Stories2Residences-Pet Policy-Year Built1924Building Size-
Property Information for 728 Cerritos Avenue
Property History for 728 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 728 Cerritos Avenue
Taxable ValueLand$478,296Additions$588,983Total$1,067,279
Tax Record2024$15,058 ($1,255 / month)
Home Facts
Total Finished SqFt5,725 SqFtAbove Grade Finished SqFt5,725 SqFtLot Size6,313 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLBR2NCountyLOS ANGELESAPN7266-003-017
Schools near 728 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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