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North Long Beach House 6518 Cerritos Ave

816 SF 100% Leased Flex Building Long Beach, CA 90805 $675,000 ($827/SF)

Investment Highlights

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

Executive Summary

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.

Property Facts Under Contract

Price $675,000
Price Per SF $827
Sale Type Investment or Owner User
Property Type Flex
Lot Size 0.11 AC
Rentable Building Area 816 SF
No. Stories 1
Year Built 1940
Parking Ratio 6.13/1,000 SF

Utilities

  • Lighting - Metal Halide
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 32542880

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: 6518 Cerritos Ave, Long Beach, CA 90805

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