Skip To Content
    Return to Previous Page

    727 Cerritos Avenue

    Long Beach, CA 90813
    • $839,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: OC20126260
    Price Reduced
    UPDATED: 181 min ago
    $839,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,573
      SQFT
    • $533
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Two houses on one lot! Live in one and rent the other, or rent both for cash flow!! The front house is a spacious 2 bedroom, 1 bathroom unit with upgraded plumbing and electrical, a new kitchen with beautiful quartz countertops, a large stainless steel sink, and stainless steel range and dishwasher. The bathroom has new tile floor, a new vanity, and subway tile shower and new tub! Separating the two units are 2 detached one car garages. The back unit is also a 2 bed 1 bath home with new the same upgrades as the front house! Located in a great location close to all downtown LB dining, nightlife and attractions including Shoreline Village, Pine Avenue, the Aquarium of the Pacific and Alamitos Bay. Don't miss out on this investment opportunity!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-05T00:27:54.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

    www.laffinsrealestate.com/homes/107343460
    Print Image

    727 Cerritos Avenue Long Beach, CA 90813

    • Price: $839,000
    • Status: Active
    • Updated: 181 min ago
    • ID#: OC20126260
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,573
    SQFT
    $533
    $/SQFT
    1922
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    Two houses on one lot! Live in one and rent the other, or rent both for cash flow!! The front house is a spacious 2 bedroom, 1 bathroom unit with upgraded plumbing and electrical, a new kitchen with beautiful quartz countertops, a large stainless steel sink, and stainless steel range and dishwasher. The bathroom has new tile floor, a new vanity, and subway tile shower and new tub! Separating the two units are 2 detached one car garages. The back unit is also a 2 bed 1 bath home with new the same upgrades as the front house! Located in a great location close to all downtown LB dining, nightlife and attractions including Shoreline Village, Pine Avenue, the Aquarium of the Pacific and Alamitos Bay. Don't miss out on this investment opportunity!
    Exterior Features

    Fence YN Yes Fencing Security Garage Spaces 2.00 Lot Features Back YardFront Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Faces Side Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Composition

    Interior Features

    Appliances DishwasherGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 786 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Wall Furnace Heating YN Yes Laundry Features Inside Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.40 Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 50340.00 Gross Scheduled Income 50340.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 37641.00 New Construction YN No New Taxes Expense 9339.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 0 Number Of Units Leased 0 Operating Expense 12699.00 Property Condition Turnkey Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Actual Rent 0.00 Total Expenses 12699.00 Trash Expense 360.00 Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Bill Larsen of The Grupe Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-05T00:27:54.657. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_364545348-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_364545348-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_364545348-1.jpg
    Logo
    Remax of Chico - The Laffins Real Estate Team
    1834 Mangrove Ave
    Chico CA, 95926