Long Beach, CA 90802,615 Cerritos AVE
$1,260,000
$1,299,999
3.1%
Est.Price: ?

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6,359 Sqft Lot

615 Cerritos AVE Long Beach, CA 90802

Est. payment /mo
SOLD DATE : 09/11/2014

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Key Details

Sold Price $1,260,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID OC14091934

Sold Date 09/11/14

HOA Y/N No

Year Built 1963

Tax Year 2013

Lot Size 6,359 Sqft

Property Description

Great Alamitos Beach location across the street from Franklin Classical Middle School. Large all 2 bedroom/1bathroom open floor plan units with ample storage in spacious hallway. Dining area off kitchen. All 8 units offer definite upside on rents under new management.
Low vacancy rate w/current owner. No deferred maintenance. No rent control in Long Beach.No CO2 detector required - all electric building, separately metered for electricity, paid by tenants.
2 2-car garages are currently not rented, as owner occupied.
Garages are at the premium in this prime rental location in Long Beach just 6 blocks from the Beach. They can significantly increase return on the investment once rented. Large Laundry room with Laundry hook-ups, used currently as owner's storage, offer additional income.
Another large storage room at the back of the building is available for storage for on-site manager.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Utilities Available Sewer Available

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Tax ID 7266006024

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Submit

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Andrei Soumzine • Andrei Soumzine, Broker
Bought with Anthony Walker • Buckingham Investments, Inc.

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Tim Wolter

Agent | License ID: 01384317

+1(949) 338-3767

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