285-295 Cerritos Avenue
285-295 Cerritos Avenue, Long Beach, CA 90802
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285-295 Cerritos Avenue is a 7-unit investment asset well-located in the highly desirable Alamitos Beach neighborhood of Long Beach, just a short walk to the beach and Bluff Park, and in close proximity to East Village Arts District and 4th Street/Retro Row.
The property is comprised of sizable units with a favorable mix of (4) 1 BD/1BA + Den, (1) Studio + Den and (2) Studio. This 1920’s property features vintage hardwood floors with period built-ins and detailing. Onsite laundry and garages provide additional income. Off-street surface parking is available for up to six cars.
The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche.com, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average and vacancy rates are historically low.
285-295 Cerritos Avenue has 23% upside potential in income and six of the seven units are on month-to-month terms.
- 6 of 7 Units are Month-to-Month
- 23% Upside in Income
- Prime Alamitos Beach Location, Short Walk to the Beach and Bluff Park
- Close Proximity to East Village Arts District and Retro Row
- Ample Surface Parking Off-Street
- Vintage Hardwood Floors, Period Built-Ins and Fixtures
- Copper Plumbing
- Onsite Laundry and Garages Provide Additional Income