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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

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    $2,122/mo

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    $2,122/mo

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    $6,862/mo

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    $6,862/mo

    Est. payment

    What's special

    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.

    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#: WS23138554MLS LogoOriginating 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