$2,185,000
$2,250,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
348 Cerritos AVE Long Beach, CA 90802
6,250 Sqft Lot
Key Details
Sold Price $2,185,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW24063142
Sold Date 07/05/24
HOA Y/N No
Year Built 1963
Lot Size 6,250 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
Zoning LBR3S
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Laundry Room
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks, Gated
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
View None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Walkstreet
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7275005003
Security Features Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Cody Charnell • Sage Real Estate