Active
728 Cerritos Avenue
Long Beach CA, 90813
$3,550,000
$302.13 per sqft
Active
11,750 sqft
Condos
Built in 1924
Listed by Kevin King with Marcus & Millichap [email protected]
We are pleased to present a 19+1 unit apartment building located at 728 Cerritos Avenue in Long Beach, California. This is a value-add opportunity in a great location. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists of two parcels that total 11,750 rentable square feet spread throughout a 12,614 square foot lot. One property was built in 1924 and the other was built in 1952. The properties consist of 5 studios, 12 one bed/one bath units and 2 two bedroom / one bath units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 9 garages which generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.
PW24076719
MLSⓇ ID
April 17, 2024
Listed
November 20, 2024
Updated
Map
728 Cerritos Avenue
Long Beach CA, 90813
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
16-20 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Days on Market
209
Garage
Yes
Garage Spaces
9
Parking Total
9
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBR2N
Listing History
Date | Event | Price |
|---|---|---|
11/20/2024 | Price change | $3,550,000 -7% |
11/20/2024 | Active | — |
11/13/2024 | Pending | — |
8/12/2024 | Price change | $3,800,000 -10% |
5/24/2024 | Price change | $4,200,000 -7% |
Listing Contact: 562-257-1200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/20/2024 at 1:22 AM UTC