A concise 4-unit, one-story home is available for sale in this residential neighborhood of Long Beach. All units feature 2 bedrooms and 1 bathroom with a decent floor plan and well-proportioned layout. The property is conveniently located close to prime areas and is within reasonable distance of the beach, with easy access to freeways. It is situated in a high-demand rental area and is currently fully occupied, requiring low maintenance, which means you will yield a higher return on your investment. The listed rents are the actual rents being collected. Additionally, there are four parking spaces at the back of the property. Some of the units have been updated with certain items. The property generates stable income with upside potential in this growing area, offering endless potential for the buyer. Three tenants are on month-to-month leases and one tenant's lease will be expired soon. The location is just minutes away from supermarkets, restaurants, parks, shopping areas, and bus stations. The seller is motivated, and the offer is subject to inspection.
Sold for $1,100,889 on 09/20/23
Listing Provided by:
RHEA BAI DRE #01360246 626-229-2200,
RE/MAX PREMIER/ARCADIA
Bought with: Buckingham Investments, Inc
$1,100,889
903 Cerritos Ave, Long Beach, CA 90813
8beds
4baths
2,594sqft
Quadruplex
Built in 1949
-- sqft lot
$1,146,100 Zestimate®
$424/sqft
$2,122 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 20, 2023 at 10:38pm
Listing Provided by:
RHEA BAI DRE #01360246 626-229-2200,
RE/MAX PREMIER/ARCADIA
Bought with:
Sam Alherech, DRE #02148135
Buckingham Investments, Inc
Kristen Mussenden, DRE #02096276
Buckingham Investments, Inc
Source: CRMLS,MLS#: WS23138554
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Bedroom
- Features: All Bedrooms Down
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,594
- Total interior livable area: 2,594 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned
- Garage spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: City Lights
Lot
- Size: 5,599 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7267025013
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & neighborhood
Community
- Community features: Urban
Location
- Region: Long Beach
- Subdivision: Alamitos Beach (Ab)
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
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Estimated market value
$1,146,100