Overview

Property ID: PW24063142

Apartment, Residential Income
Property Type

4.0
Garages

6232 Sqft
Area Size

1963
Year Built

Description

Well kept 8 unit apartment building built in 1963 in great Downtown rental area. 7 two bedroom/one bath units and 1 two bath/two bath units. Over $49, 000 recently spent to paint the exterior and install a new roof. Many long term tenants with lower than market rents. Current rents average $1, 819 ($14, 552 per month). Current Market rents average $2, 481 per month or $19, 948 per month. Market rents based on RentOmeter analysis.

Address

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Address: 348 Cerritos Avenue
City: Long Beach
State/county: CA
Zip/Postal Code: 90802
Area: Alamitos Beach (AB)
Country: US

Details

Updated on July 7, 2024 at 12:23 am

Property ID PW24063142
Price $2,250,000
Property Size 6232 Sqft
Land Area 0.1435 Acres
Garages 4.0
Year Built 1963
Property Type Apartment, Residential Income
Property Status Closed

Additional details

Listing Terms Cash, Cash to New Loan
Utilities Cable Available, Electricity Connected, Sewer Connected, Water Connected
Sewer Sewer Tap Paid
Cooling None
County Los Angeles
Property Type Residential Income
Pool None
Parking Assigned
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated