7160 Cerritos Ave - Apartments FOR SALE


Stanton, CA 90680
$1,795,000 USD
949-683-6662
7160 Cerritos Ave, Stanton, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/10
null | 4.88% Cap Rate

7160 Cerritos Ave
Stanton, CA 90680


HIGHLIGHTS

  • Pride of Ownership Recently Renovated 4-Plex!!
  • ALL UNITS ARE 2 STORY TWO BEDROOM TOWNHOME STYLE UNITS!
  • NEW: Roof, Fascia, Vinyl Windows & Paint
  • ALL Units Recently Renovated with Kitchens, Flooring & Bathrooms
  • Very strong in-place rents allowing a new owner to have great cash flow from day 1

OVERVIEW

PRIDE OF OWNERSHIP 4-PLEX! Alliance Investment Real Estate Group, as the exclusive listing agent, is pleased to offer for sale this well-located property in the desirable rental market of Stanton. This asset provides an excellent unit mix of ALL 2 bedroom, 1.5 bath TOWNHOME STYLE (2 story) units that have recently renovated kitchens, bathrooms, and new flooring within the last 6 months! The exterior has also JUST been renovated with a NEW roof & fascia, vinyl windows, paint and A/C units. There are also carports, open street parking and an onsite laundry room for the tenants to utilize. Actual in-place rents are also very strong allowing a new owner to have great cash flow from day 1 without the need to significantly raise rents. ALL of the four units also have ground level entry. Property qualifies for 30 year fixed residential financing. Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence. Please call listing office for more information.NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING AGENT FIRST TO DISCUSS AT: 949-250-0400.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

4

PRICE/UNIT

$448,750

CAP RATE

4.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,448 SF

ZONING

-

APN/PARCEL ID

079-312-58

ASK ABOUT THIS PROPERTY

Ruben KhorsandiAlliance Investment Real Estate GroupMore Info
949-683-6662

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Ruben KhorsandiAlliance Investment Real Estate GroupMore Info
949-683-6662

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