Description
Incredible “Turn-Key” Investment Concept! Own part of a Large Luxury Apartment Complex! $436 HOA and $110 Management Fee (3.3%) Covers all of the expenses except Property Taxes! HOA pays for Water, Gas, Int/Ext Paint, Flooring, and Maintenance/Replacement of Appliances, Cabinets, Plumbing & Electrical, Air Conditioning! Great “Economies of Scale” with 420 unit Luxury Complex! Fewer/Shorter Vacancies because Management can show your same model before your tenant is gone! Luxuries Include: Pools, Spas, Clubhouse, and Newer Fitness Center! Great Location: Walking distance to Cerritos Regional Park and ABC Schools. Close to Cerritos Mall, Cerritos Town Center/Performing Arts, Long Beach Towne Center. Cool Ocean breeze! Easy access to 605, 91, 5, 105, 405, 22, 710 Owner has upgraded with Granite Counters, Range/Oven/Microwave, Refrigerators with Ice/Water to fill vacancies even faster! Go Online for more description: towne center cerritos Last Public MLS Sale in 2006 for $450, 000 with $34, 260 Annual Scheduled Income. This Property produces over $40, 000! Owner is forced to sell.
Details
Additional details
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Listing Terms: Cash
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Association Fee: 437.0
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Sewer: Sewer Tap Paid
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Cooling: Central Air
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Heating: Central
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Flooring: Carpet, Tile
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County: Los Angeles
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Property Type: Residential Income
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Pool: Community, In Ground, Association
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Parking: Assigned
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Community Features: Curbs, Storm Drain(s), Street Lights, Sidewalks, Gated, Pool
Address
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Address: 12350 104 &112 Del Amo Boulevard
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Zip/Postal Code: 90715
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