SOLD
$1,100,889
Date 09/20/2023

903 Cerritos Avenue #ABCD
Long Beach, CA 90813

Fourplex
Residence
2,594
Sqft
0.1285
Lot Size
Listing Agent: RHEA BAI CalDRE: 01360246 - RE/MAX PREMIER/ARCADIA
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.
WS23138554
Fourplex, 1 Story
Los Angeles
1949
0.1285 Acres
Public
1
Public Sewer
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Listing Agent: RHEA BAI CalDRE: 01360246 - RE/MAX PREMIER/ARCADIA
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