Long Beach, CA 90813,903 Cerritos AVE #ABCD

$1,100,889

$1,180,000

6.7%
Est.Price: ?

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Est. payment /mo

2,594 SqFt


SOLD DATE : 09/20/2023

Key Details

Sold Price $1,100,889

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,594 sqft

Price per Sqft $424

Subdivision Alamitos Beach (Ab)

MLS Listing ID WS23138554

Sold Date 09/20/23

HOA Y/N No

Year Built 1949

Lot Size 5,597 Sqft

Acres 0.1285

Property Description

A concise 4-unit, one-story home is available for sale in this residential neighborhood of Long Beach. All units feature 2 bedrooms and 1 bathroom with a decent floor plan and well-proportioned layout. The property is conveniently located close to prime areas and is within reasonable distance of the beach, with easy access to freeways. It is situated in a high-demand rental area and is currently fully occupied, requiring low maintenance, which means you will yield a higher return on your investment. The listed rents are the actual rents being collected. Additionally, there are four parking spaces at the back of the property. Some of the units have been updated with certain items. The property generates stable income with upside potential in this growing area, offering endless potential for the buyer. Three tenants are on month-to-month leases and one tenant's lease will be expired soon. The location is just minutes away from supermarkets, restaurants, parks, shopping areas, and bus stations. The seller is motivated, and the offer is subject to inspection.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR2N

Rooms

Ensuite Laundry None

Interior

Interior Features All Bedrooms Down

Laundry Location None

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

Utilities Available Sewer Connected

View Y/N Yes

View City Lights

Parking Type Assigned

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7267025013

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by RHEA BAI • RE/MAX PREMIER/ARCADIA
Bought with Sam Alherech • Buckingham Investments, Inc
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

 

Scott Greenspan 

Broker Owner

+1(310) 363-0606

info@greenspanrealty.net

Rancho Palos Verdes, CA, 90275, USA

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