348 Cerritos AVE, Long Beach, CA 90802 – PW24063142 - Paul Ward

$2,185,000

Est. payment -/mo

Est.Price: ?

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6,250 Sqft Lot

SOLD DATE : 07/05/2024

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

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

Laundry Laundry Room

Exterior

Parking Features 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

Building

Lot Description Walkstreet

Story 2

Sewer Sewer Tap Paid

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Paul Ward

paul@homeandranchteam.com +1(805) 479-5004

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by W. Kurt Wood • Belmont Brokerage & Mgmt. INC. • 562-301-6763
Bought with Cody Charnell • Sage Real Estate

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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