6518 Cerritos Ave - Flex FOR SALE


Long Beach, CA 90805
$670,000 USD
562-884-4960
6518 Cerritos Ave, Long Beach, CA for Sale
$670,000 USD
Flex - FOR SALE
1/9
null | Request Cap Rate

6518 Cerritos Ave
Long Beach, CA 90805


HIGHLIGHTS

  • Walk Score 75, Bike Score 80 - Solid 1940s Bungalow with good size backyard
  • Near Major Corridors Artesia Boulevard and 91 Freeway
  • Detached garage offers potential for conversion to ADU

OVERVIEW

In escrow taking backup offers Current use is a 2 bedroom, 1 bath single family house with detached two car garage. Potential for prospective buyer to upgrade house, convert garage to ADU, and possibly add additional units under new State laws due to proximity to major intersection of Orange Avenue and Artesia Blvd. Near Metro development by 91 Freeway. Bike Score 80. Walk Score 75. Prospective buyer to investigate suitability for additional development to their own satisfaction - seller and their broker offer no guarantees about what can be developed. Opportunity knocks. Shed on concrete pad behind garage can be used for storage, or converted to patio if garage converted to ADU. Property has been upgraded with Vinyl Windows, Copper Plumbing, and Floor Furnace has been replaced with Wall Furnace. Fell out of escrow, but appraised at around current list price, FHA requested repairs were completed.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$821 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

North Long Beach House

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

Lighting - Metal Halide, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11

LAND SF

4,712

ZONING

-

APN/PARCEL ID

7115-013-012

ASK ABOUT THIS PROPERTY

Brian ThorntonThornton RealtyMore Info
562-884-4960

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Brian ThorntonThornton RealtyMore Info
562-884-4960

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.