CA > Long Beach
Long Beach, CA 90802,348 Cerritos AVE
Long Beach, CA 90802,348 Cerritos AVE
Long Beach, CA 90802,348 Cerritos AVE
Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC.
Bought with Cody Charnell
$2,185,000
Est. payment /mo
Est.Price: ?

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6,252 Sqft Lot
SOLD DATE : 07/05/2024

Key Details

Sold Price $2,185,000

Property Type Commercial Multi-Residential (5 units)

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24063142

Year Built 1963

Lot Size 6,252 Sqft

Property 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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Cooling None

Laundry In Laundry Room, Washer/Dryer - Leased

Exterior

Parking Features Assigned Spaces

Garage Spaces 4.0

Pool 31, None

View None

Building

Sewer Sewer Available

Water District - Public

Others

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

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