Lyon Stahl Investment Real Estate, Inc.
Listed by Lyon Stahl Investment Real Estate, Inc.
$2,825,000
751 Cerritos
Details
APN 7266004043
Property Type Multifamily
Sub Type Apartment Building
Units 10
Cap Rate 6.56%
Buildings 1
Stories 3
Acreage 0.169
Zoning Assessor
Multifamily | 6.56% CAP | 10 Units
Marketing description
Pride of Ownership, 80's Construction - Current 6.56% CAP Rate and 10.60 GRM. Priced at only $285k/unit, 751 Cerritos Ave is the ideal opportunity for any investor looking for a well-maintained asset with strong cash flow. The property is comprised of (8) 2Bed+2Bath and (2) 1Bed+1Bath units - one 2Bed+2Bath unit is currently vacant. A handful of units have been renovated, including new floors, cabinets, appliances, bathrooms and fixtures. There is ample tuck-under parking and a laundry room on site. The subject property is located just outside 6 Billion dollars worth of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block and Queen Mary Island.
Listing Contacts
Lyon Stahl Investment Real Estate, Inc.
Listed by Lyon Stahl Investment Real Estate, Inc.
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