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728 Cerritos Avenue
Apartment
$3,300,000

Unidades

19

Tamaño del Edificio

11,750 sf

Tamaño del Lote

12,614 sf

Estado

Vendida

Agente del Listado: Kevin King, Marcus & Millichap

Long Beach

728 Cerritos Avenue

Sobre Esta Propiedad

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.

Composición de Unidades

  • 1 unidad · 0rec / 1ba
  • 1 unidad · 1rec / 1ba
  • 1 unidad · 2rec / 1ba

Vecindario

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Vendida Por

$3,300,000

Agente de Listado

Kevin King

Marcus & Millichap