PRICED TO SELL.

10X GRM and a 6.5% CAP on actual rents with upside to a 7.1% CAP. 10 units in Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Built in 1987, the property is professionally managed and well maintained. There are 14 onsite parking spaces - 1 for each unit plus 4 for rent.

The 2nd floor units feature tall, vaulted ceilings and some have partial ocean views. The Property has an onsite laundry room. All units were updated from 2017-2019. The subpanels are 50 AMPS and the main panel is 200 AMPS. Plumbing is copper - Buyer to verify. Priced at $340/SF. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES.

Request Information
on 751 Cerritos Ave
in Long Beach, CA
Presented by Jon Swire at
The Agency.


Property MLS #24-391473 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 18

+ Bathrooms

Total Bathrooms: 18
Full Bathrooms: 18

+ Heating and Cooling

Heating Features: Wall

+ Garage and Parking

Covered Spaces: 14
Garage Description: Attached
Parking Total: 14

+ Land Info

Lot Size Acres: 0.1684573
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7338

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 1
Number of Units: 10
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1695, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 2095

+ Other Property Info

Source Listing Status: Pending
County: Los Angeles
Cap Rate: 6.5
Directions: 10 units in Alamitos Beach, Long Beach.
Source Property Type: Residential Income
Area: Downtown Area, Alamitos Beach
Source Neighborhood: Downtown Area, Alamitos Beach
Parcel Number: 7266-004-043
Postal Code Plus 4: 4807
Zoning: LBR2N
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$606,972 + $1,416,271 $2,023,243	$25,884
2021	$595,071 + $1,388,501 $1,983,572	$25,345
2020	$588,970 + $1,374,264 $1,963,234	$25,279
2019	$577,422 + $1,347,318 $1,924,740	$24,982
2018	$566,100 + $1,320,900 $1,887,000	$24,309
2017	$518,801 + $670,071 $1,188,872	$15,996
2016	$508,629 + $656,933 $1,165,562	$14,865
2015	$500,989 + $647,066 $1,148,055	$14,286
2014	$491,176 + $634,391 $1,125,567	$14,225
2013	$488,957 + $631,524 $1,120,481	$13,798
2012	$479,370 + $619,142 $1,098,512	$14,011
2010	$469,971 + $607,002 $1,076,973	$14,631
2009	$649,458 + $541,216 $1,190,674	$14,526
2009	$647,918 + $539,933 $1,187,851	$14,526
2008	$636,724 + $530,604 $1,167,328	$13,534
2007	$624,240 + $520,200 $1,144,440	$13,172

+ Reveal Property Sale History

Listed 2024-05-14
$2,349,000
TheMLSCLAW

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Sold 2017-05-19
$1,850,000
Public Record

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Sold 2004-10-13
$1,100,000
Public Record

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Sold 1994-07-08
$280,000
Public Record

+ Commercial Info

Net Operating Income: 150000

+ Building and Construction

Total Square Feet Living: 6938
Year Built: 1987
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 37
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

+ Display Complete School Details

Franklin Classical Middle School is a public middle school located approximately 0.2 miles away.
Map directions

Lincoln Elementary School is a public elementary school located approximately 0.3 miles away.
Map directions

Polytechnic High School is a public high school located approximately 0.8 miles away.
Map directions

Saint Anthony High School is a private high school located approximately 0.3 miles away.
Map directions