541 Cerritos AVE Long Beach, CA 90802

Sale

$1,175,000

4 Units

4 Beds

4 Baths

1,980 Area(sq.ft.)

3,285 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	1	1	No	n/a	$ 1,625	$ 1,625
Unit 2	1	1	1	No	$ 1,600	$ 1,600	$ 1,625
Unit 3	1	1	1	No	$ 1,430	$ 1,400	$ 1,625
Unit 4	1	1	1	No	$ 1,510	$ 1,510	$ 1,625
4	4	4	4		$ 4,540	$ 6,135	$ 6,500

MLS #:	CV23108220MR
Days On Market:	258
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 593
Price per unit:	$ 293,750
Year Built:	1922

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

Location, location, location! This beautiful craftsman 4 unit property is located in the rapidly developing Alamitos Bay area of Downtown Long Beach. The property boasts a walk score of 92 and a bike score of 93. It s within walking distance from all the best that downtown has to offer, making it a highly sought after area to live in. This property is perfect for first time buyers or for a savvy investor looking to add an investment with nearly 0% vacancy rate over the last few years. The property consists of four one bedroom, one bathroom units. The entire exterior of the property has been recently painted. The floors and kitchens have recently been updated and two of the units are newly remodeled with and updated. All the units are individually metered for electricity and gas with individual water heaters for each unit. Property will not last long.