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751 Cerritos

Long Beach, CA 90813
Active
Multifamily
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Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-425-9838
$2,825,000
HIGHEST CAP RATE & LOWEST PRICE PER DOOR 1980s-CONSTRUCTION APARTMENT BUILDING IN LONG BEACH Pride of Ownership 1980s Construction asset offering a current 6.63% CAP Rate and 10.51 GRM. Priced at only $283,000 per unit, 751 Cerritos Ave stands out as the lowest price-per-door opportunity among comparable 1980s-built apartment buildings in… Read MoreRead Less
Listing Snapshot
Days Online
78
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1987
MLS Number
SB26056907
Property Location Map
Additional Details
Building
Built in 1987, 1 building, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: front
Community
Urban
Expenses
Insurance: $8,673, Operating: $73,952, Trash: $4,000, Water/Sewer: $9,000
Income
Gross Income: $268,872, Gross ScheduledIncome: $268,872, Net Operating Income: $186,853
Laundry
None
Lot
0.1685 acres, ZeroToOneUnitAcre
Parking
OneSpace
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7266004043, Lot: 8
Tenant Pays
Electricity, Gas
Utilities
Water Source: Public, 10 separate electric meters, 10 separate gas meters
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Monthly Payment
$0
Kathy Zajac
Broker
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Schools In The Area

Check out nearby schools with ratings and contact info.
Lincoln Elementary School 562-599-5005 Public KG-5
Franklin Classical Middle School 562-435-4952 Public 6-8
Polytechnic High School 562-591-0581 Public 9-12
Lincoln Elementary School 562-599-5005 Public KG-5
Lincoln Elementary School 562-599-5005 Public KG-5
Franklin Classical Middle School 562-435-4952 Public 6-8
Polytechnic High School 562-591-0581 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.